5382 Tower, Riverside, California 92506, Riverside, 92506 - 4 bed, 2 bath
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Riverside, California 92506
This Renovated Single-Family Residence is a Prime Investment Opportunity, listed at $738,900—positioned well below the $775,412 Fair Market Value by 4%. This valuation gap offers $36,512 in Instant Equity. Boasting a Condition Rating of 2, the home features a remodeled shaker-style kitchen, upgraded bathrooms, and rare gated RV parking. Located in the Riverside Unified School District with a scenic hills view, it balances modern luxury with significant financial upside. This is an ideal match for Owner-Occupants seeking a move-in-ready sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5382 Tower Subject | $738,900* List Price | 4 | 2 | 1,827 | $424 | - |
A 5665 Abilene Road Sold | $700,000 | 3 | 2 | 1,900 | $368 | 0.5 mi |
B 2983 Cheyenne Road Sold | $650,000 | 3 | 2 | 1,541 | $422 | 0.5 mi |
C 2838 Shenandoah Road Sold | $655,000 | 3 | 2 | 1,541 | $425 | 0.4 mi |
D 2845 Iron Hills Way Sold | $702,000 | 3 | 2 | 1,600 | $439 | 0.5 mi |
E 2971 Cheyenne Sold | $638,000 | 3 | 2 | 1,278 | $499 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1959, the property has undergone extensive recent renovations that meet current quality standards. Highlights include a brand-new kitchen with shaker-style cabinets and stainless steel appliances, fully upgraded bathrooms with modern vanities and tile enclosures, new interior paint, and updated systems such as central HVAC and newer windows.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1827.
The home features a fully remodeled kitchen with shaker-style cabinets, a center island, and stainless steel appliances, complemented by fresh interior paint and tastefully upgraded bathrooms.
A significant asset is the gated RV parking and extra-wide concrete driveway, providing rare and convenient storage for recreational vehicles and multiple cars.
Built in 1959, the property may have aging underlying systems such as original plumbing or electrical components that could require future capital investment despite surface-level renovations.
Typical of its era, the floor plan may feature smaller secondary bedrooms and a more compartmentalized flow that might not fully meet the expectations of buyers seeking a modern open-concept design.
RV Parking! Enjoy brand-new interior paint and a beautifully remodeled kitchen featuring new flooring, shaker-style cabinets, updated counters, inset and overhead lighting, plus a center island and stainless-steel appliances, including gas range/oven, dishwasher, and microwave. A cozy living room offers a welcoming fireplace and an energy-efficient ceiling fan, with an adjacent dining area for easy entertaining. Both bathrooms have been tastefully upgraded with tile flooring, new enclosures, updated fixtures, and modern vanities. The primary bedroom includes wood floors, double closets, a ceiling fan, and a stylish barn door leading to the ensuite bath. Additional bedrooms are generously sized and share the refreshed full hall bath. Central heat and air conditioning and newer windows. French doors open to a covered patio and a spacious, block-walled backyard complete with fruit trees; citrus and avocado plus a horseshoe pit for outdoor fun. 2 Car garage plus the extra-wide concrete driveway and gated RV parking provide excellent convenience and flexibility.
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 | 1,827 | 1,888 | 46% |
| Lot Size | 9,148 | 9,583 | 48% |
| Price | $738.9K | $723.8K | 54% |
| Price per sq ft | $404 | $385 | 62% |
| Built year | 1959 | 1963 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 176 | 2% |
Mar 11, 2026
$738,900
Initial Listing
Jun 20, 2006
$487,500
Public Record
Feb 17, 2006
$405,000
Public Record