5336 El Molino, Riverside, California 92504, Riverside, 92504 - 2 bed, 2 bath
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Riverside, California 92504
This property presents a High-Potential Investment Opportunity with a List Price of $465,402—positioned well below the $484,047 Fair Market Value by 3%. This valuation gap offers $18,645 in Instant Equity for buyers willing to address the Condition Rating of 5. The expansive 7,841 square foot lot provides significant upside for expansion or ADU development. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with clear equity potential in the Riverside Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5336 El Molino Subject | $460,000* List Price | 2 | 2 | 1,308 | $356 | - |
A 4794 Granada Avenue Sold | $520,000 | 3 | 2 | 1,274 | $408 | 0.7 mi |
B 4948 Granada Sold | $559,000 | 2 | 2 | 1,568 | $357 | 0.5 mi |
C 6848 Holbrook Sold | $565,000 | 4 | 2 | 1,284 | $440 | 0.3 mi |
D 4791 Granada Ave Sold | $460,000 | 2 | 2 | 1,386 | $332 | 0.7 mi |
E 3684 Cortez Street Sold | $500,000 | 3 | 2 | 1,242 | $403 | 0.8 mi |
F 6688 Montclair Drive Sold | $565,000 | 4 | 2 | 1,290 | $438 | 0.6 mi |
G 6458 Rhonda Sold | $460,000 | 3 | 2 | 1,141 | $403 | 0.6 mi |
H 5332 Walter Active Under Contract | $500,000 List Price | 3 | 2 | 1,136 | $440 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 and not traded since 1991, this property is significantly dated with no recorded renovations in over 30 years. The 'as-is' short sale status and description inviting buyers to 'reimagine' the space and 'invest effort' indicate the home requires a full interior rehab and likely has aged systems beyond their functional life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1308.
The property features an expansive 7,841 square foot lot, providing significant outdoor space for potential expansions, gardening, or the addition of an accessory dwelling unit (ADU).
Offered for the first time since 1991, this home serves as a blank canvas for investors or owner-occupants to build equity through modern renovations and creative updates.
The property is a short sale, which typically involves a more complex and lengthy closing process subject to third-party lender approval.
Sold in as-is condition, the home will likely require immediate capital investment for repairs and modernization to address decades of potential deferred maintenance.
Welcome to 5336 El Molino Ave, a delightful 2-bedroom, 2-bathroom residence nestled in the heart of Riverside. Built in 1962, this 1,308 square foot home is situated on an expansive 7,841 square foot lot, offering ample outdoor space for gardening, entertaining, or simply enjoying the beautiful California weather. This property presents a unique opportunity for buyers looking to make their mark, as this is the first time it has been on the market since 1983. The classic layout provides a canvas for your creativity and vision, allowing you to reimagine the interior spaces to suit your personal style. Imagine transforming the cozy living areas and functional kitchen into your dream oasis, providing a perfect backdrop for gatherings or quiet nights in. The two well-sized bedrooms offer comfort and privacy, complemented by two bathrooms for added convenience. Bright windows throughout the home invite natural light, creating a warm and welcoming atmosphere. Outside, the generous lot provides room for outdoor activities, potential expansions, or even a garden paradise. The opportunities are endless for this remarkable property, whether you're looking to renovate and flip, invest, or create your forever home. Please note that this home is a short sale and will be sold as-is, presenting a unique chance for buyers who are willing to invest a little effort into making it shine.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,308 | 1,723 |
| Lot Size | 7,841 | 8,712 |
| Price | $460.0K | $676.0K |
| Price per sq ft | $352 | $395 |
| Built year | 1962 | 1977 |
| HOA | $0 | $125 |
| Days on market | 41 | 58 |
Jul 17, 2026
$460,000
$465,402
-1% Price Drop
Initial Listing
Jun 11, 2026
$465,402
Initial Listing