5295 36th St., Riverside, California 92509, Riverside, 92509 - 3 bed, 1 bath
ACTIVE$466,213
5295 36th St., Riverside, California 92509
3Beds
1Bath
1,088Sqft
Lot
Price Vs. Estimate
The estimated value ($466,213) is $0 (0%) lower than the list price ($466,213). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Opportunity: The property is described as a 'clean investment property with a long-term tenant,' offering immediate rental income and stability for investors, while also being suitable for residents.
Top Cons:
Limited Bathrooms: The home features only one bathroom for three bedrooms, which may be a significant limitation for families or multiple occupants.
Compared to the nearby listings
Price:$466.2K vs avg $670.0K ($-203,787)7%
Size:1,088 sqft vs avg 1,756 sqft9%
Price/sqft:$429 vs avg $37973%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is significantly aged. While it benefits from a new roof and a new covered patio, the interior, particularly the bathroom, appears very dated. The bathroom features an older vanity with a tiled countertop, a dated light fixture, and visible wear on the walls, indicating a need for cosmetic updates rather than structural repairs. The bedroom shows older carpeting and a simple, dated light fixture. No kitchen images were provided, but it is reasonable to assume a similar condition to the bathroom. The property is described as a 'clean investment property with a long-term tenant,' suggesting it is functional and maintained to a basic standard, but not extensively renovated. It requires minor updates and modernization to the kitchen and bathroom to meet current aesthetic standards, aligning with the 'fair' condition criteria.
Year Built
1950
Close
-
List price
$466K
Original List price
$466K
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
250040857SD
Home ConditionFair
Features
Patio
View-
About this home
Lovely single story three-bedroom one bath corner lot home has a new roof as well as a new covered patio. It is ideal for either an investor or resident in the desirable Rubidoux area. With an over 7,400 sq ft lot this property is all set for either expansion or ADUs. It’s currently a clean investment property with a long-term tenant.
Condition Rating
Fair
Built in 1950, this property is significantly aged. While it benefits from a new roof and a new covered patio, the interior, particularly the bathroom, appears very dated. The bathroom features an older vanity with a tiled countertop, a dated light fixture, and visible wear on the walls, indicating a need for cosmetic updates rather than structural repairs. The bedroom shows older carpeting and a simple, dated light fixture. No kitchen images were provided, but it is reasonable to assume a similar condition to the bathroom. The property is described as a 'clean investment property with a long-term tenant,' suggesting it is functional and maintained to a basic standard, but not extensively renovated. It requires minor updates and modernization to the kitchen and bathroom to meet current aesthetic standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Investment Opportunity: The property is described as a 'clean investment property with a long-term tenant,' offering immediate rental income and stability for investors, while also being suitable for residents.
Development Potential: An expansive 7,400+ sq ft corner lot provides significant opportunities for future expansion or the addition of Accessory Dwelling Units (ADUs), enhancing long-term value.
Recent Key Upgrades: Features a new roof and a new covered patio, reducing immediate maintenance concerns and adding to the property's appeal and functionality.
Corner Lot Advantage: Positioned on a corner lot, offering increased privacy, potentially larger yard space, and enhanced curb appeal.
Favorable Valuation: The current listing price ($466,213) is below the estimated market value ($483,960.07), suggesting a strong value proposition for potential buyers.
Cons
Limited Bathrooms: The home features only one bathroom for three bedrooms, which may be a significant limitation for families or multiple occupants.
Age of Construction: Built in 1950, the property may have older infrastructure (e.g., plumbing, electrical) that could require future updates or maintenance, despite recent exterior improvements.
Compact Interior Space: With 1088 sq ft for three bedrooms, the interior living space is relatively compact, which might feel restrictive for some buyers seeking more spacious accommodations.