5347 Crest, Riverside, California 92503, Riverside, 92503 - 4 bed, 2 bath
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Riverside, California 92503
This Spacious Single-Story Residence is a High-Potential Investment Opportunity, listed at $580,000—positioned well below the $606,293 Fair Market Value by 4%. This valuation gap offers $26,293 in Instant Equity for buyers. Featuring a functional 4-bedroom layout and a large 7,405 sq ft lot with a private patio, the property maintains a Condition Rating of 4, signaling immediate livability with significant room for value-add personalization. Located in the established Alvord Unified district, it perfectly balances lifestyle comfort with forced appreciation potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Property is moderate renovation needed.
Built in 1959, this home is well-maintained and move-in ready but shows its age. While it features some updates like recessed lighting, crown molding, and newer wood-look flooring in the living areas, the bathroom remains dated with basic fixtures and a small vanity. The listing description highlights the property's 'potential' for personalization, indicating that while functional, it lacks the comprehensive modern renovations required for a higher score.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1455.
The property features a generous 7,405 sq ft lot with a large backyard, providing ample space for outdoor entertaining, gardening, or potential future expansions.
With four dedicated bedrooms, this single-story home offers a functional floor plan suitable for growing families, guest accommodations, or a home office.
Built in 1959, the home likely requires cosmetic updates and modernization to meet contemporary aesthetic standards and energy efficiency.
At 1,455 sq ft for a 4-bedroom home, individual room sizes may feel small, potentially limiting furniture placement and storage options.
4-Bedroom Single Story Riverside Home with Space, Potential, and a Large Backyard Welcome to 5347 Crest Ave, offering 1,455 sq ft of living space on a 7,405 sq ft lot in a quiet, established Riverside neighborhood. This 4-bedroom, 2-bathroom home provides a functional layout with plenty of space for families, a home office, or guest rooms. Built in 1959, the property features solid construction and great potential for buyers looking to personalize and add value over time. Step outside to a large backyard, perfect for entertaining, gardening, or relaxing in the Southern California sunshine. Conveniently located near schools, shopping, dining, parks, and freeway access, this home offers both comfort and a prime location. A rare opportunity for buyers seeking space, potential, and long-term value in Riverside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,455 | 1,634 | 40% |
| Lot Size | 7,405 | 7,841 | 50% |
| Price | $580.0K | $660.0K | 24% |
| Price per sq ft | $399 | $391 | 53% |
| Built year | 1959 | 1986 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 180 | 0% |
Mar 19, 2026
$580,000
Initial Listing
Aug 15, 1997
$85,000
Public Record