5332 Walter, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
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Riverside, California 92504
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $476,781 Fair Market Value by -4%. While the Condition Rating of 5 indicates a need for significant interior rehabilitation, the 1,136 sqft layout on a 6,970 sqft lot provides a solid foundation for value-add renovations. Located in the Riverside Unified district, this asset offers a strategic entry point for Fix-and-Flip Investors or Contractors seeking to capitalize on the property's potential through comprehensive modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5332 Walter Subject | $500,000* List Price | 3 | 2 | 1,136 | $420 | - |
A 6458 Rhonda Sold | $460,000 | 3 | 2 | 1,141 | $403 | 0.1 mi |
B 4865 Emerson Sold | $475,000 | 3 | 2 | 1,199 | $396 | 0.7 mi |
C 4794 Granada Avenue Sold | $520,000 | 3 | 2 | 1,274 | $408 | 0.8 mi |
D 6688 Montclair Drive Sold | $565,000 | 4 | 2 | 1,290 | $438 | 0.4 mi |
E 5171 Merrill Sold | $599,000 | 4 | 2 | 1,524 | $393 | 0.2 mi |
F 6974 Capistrano Way Sold | $548,000 | 3 | 1 | 1,140 | $481 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955 (71 years old) with no evidence of recent renovations. The listing is a short sale marketed as an 'investor opportunity' with 'condition unknown,' which typically indicates significant deferred maintenance, outdated systems, and the need for a full interior rehab.
Situated on a quiet residential street with easy access to schools, shopping centers, and major freeways, ensuring convenience for daily commuting and errands.
The property features a spacious front yard and an extended driveway, providing significant off-street parking and potential for enhanced curb appeal.
Priced below its most recent sale value of $555,000, this home presents a strong value-add opportunity for investors or buyers looking to build equity through renovations.
As a short-sale property, the transaction may involve a prolonged closing process and is subject to third-party lender approval, which can be unpredictable.
The listing explicitly states the condition is unknown, implying potential deferred maintenance or the need for significant capital expenditures for repairs.
Single-story 3-bedroom, 2-bath home on a quiet residential street. Features a spacious front yard, extended driveway, and opportunity for the right investor/buyer. Conveniently located near schools, shopping, and major freeways. Short-sale property; condition unknown.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,136 | 1,723 |
| Lot Size | 6,970 | 8,712 |
| Price | $500.0K | $676.0K |
| Price per sq ft | $440 | $395 |
| Built year | 1955 | 1977 |
| HOA | $0 | $125 |
| Days on market | 19 | 58 |
Jul 3, 2026
$500,000
Initial Listing
Nov 13, 2023
$555,000
Public Record
Nov 9, 2010
$183,000
Public Record