5349 Norwood, Riverside, California 92505, Riverside, 92505 - 4 bed, 2 bath
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5349 Norwood
Riverside, California 92505
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,921Sq Ft
16,117Lot Size
Property Price
LIST PRICE$710,000
EST. MARKET VALUE
$680,071
4% AboveMARKET VALUE
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at a List Price of $710,000—positioned above the $680,072 Fair Market Value. While the property requires significant capital improvements due to its Fair Condition Rating, the 16,117 sqft Lot Size and Scenic Mountain Views provide a strong foundation for value-add projects. The expansive lot offers significant potential for ADU development or landscaping upgrades. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to modernize the aging infrastructure.
Estimated Market Value
$680,071
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5349 Norwood Subject 4 bd · 2 ba · 1,921 sqft · $354 | $710,000* List Price | 4 | 2 | 1,921 | $354 | - |
A 5146 Golden Avenue Sold 4 bd · 2 ba · 1,820 sqft · $371 · 0.8 mi | $675,000 | 4 | 2 | 1,820 | $371 | 0.8 mi |
B 6311 Stover Avenue Sold 4 bd · 2 ba · 2,107 sqft · $304 · 0.9 mi | $640,000 | 4 | 2 | 2,107 | $304 | 0.9 mi |
C 5150 Leon Court Sold 4 bd · 2 ba · 2,006 sqft · $334 · 0.9 mi | $670,000 | 4 | 2 | 2,006 | $334 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1985 (39 years old) with no evidence of modern renovations. Interior photos show dated finishes, old carpeting, and original fixtures. The exterior is heavily cluttered with equipment and debris, suggesting deferred maintenance and the need for a comprehensive rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 1921.
- Expansive Lot Size
The property sits on a generous 16,117 square foot lot, offering significant outdoor space for potential ADU development, a pool, or extensive landscaping.
- Scenic Mountain Views
The home features desirable mountain views, providing a picturesque backdrop that enhances the property's tranquility and overall market value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1921, other record living area = 888. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Limited Bathroom Ratio
A four-bedroom home with only two bathrooms may be considered a drawback for larger households, potentially creating bottlenecks during peak usage times.
- Aging Infrastructure
Built in 1985, the property is approaching 40 years of age, which may necessitate capital improvements or updates to major systems to meet modern efficiency standards.
About 5349 Norwood
Exceptional opportunity in Riverside. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 16,117 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,921 | 1,854.896 |
| Lot Size | 16,117 | 8,680.308 |
| Price | $710.0K | $698.4K |
| Price per sq ft | $370 | $380 |
| Built year | 1985 | 1982 |
| HOA | $0 | $156 |
| Days on market | 22 | 57 |
Pricing History
Listed for Sale
Oct 2, 2026
$710,000
Initial Listing
Sold
Dec 7, 2020
$479,000
Public Record