5416 Ivanhoe Avenue, Riverside, California 92503, Riverside, 92503 - 3 bed, 1 bath
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Riverside, California 92503
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $575,000—positioned slightly above the $567,909 Fair Market Value. Despite the minor premium, the property offers an Excellent Condition Rating following a comprehensive renovation, including a modern quartz-style kitchen and wide plank flooring. The expansive 6,969 sqft lot provides significant upside for an ADU or pool addition. Located in the Alvord Unified School District, this home balances modern lifestyle comfort with long-term appreciation potential, making it an ideal acquisition for first-time buyers or owner-occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5416 Ivanhoe Avenue Subject | $575,000* List Price | 3 | 1 | 1,036 | $548 | - |
A 8654 Greenpoint Avenue Sold | $535,000 | 3 | 1 | 954 | $561 | 1.0 mi |
B 8326 Greenpoint Sold | $586,000 | 3 | 2 | 1,089 | $538 | 0.9 mi |
C 6510 Adair Avenue Sold | $518,000 | 3 | 2 | 1,072 | $483 | 0.9 mi |
D 6580 Lake Sold | $650,000 | 3 | 1 | 954 | $681 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent comprehensive renovation (likely within the last 1-2 years), featuring a modern kitchen with quartz countertops and stainless steel appliances, an updated bathroom, new wide-plank flooring, and recessed lighting. Despite the 1952 build date, the interior and exterior are in mint, move-in ready condition with no immediate maintenance required.
The home features contemporary finishes including wide plank flooring, recessed lighting, and a remodeled kitchen with quartz countertops and stainless steel appliances, offering a turnkey living experience.
The oversized 6,969 sqft lot provides significant versatility for future value-add projects such as an Accessory Dwelling Unit (ADU), swimming pool, or dedicated RV parking.
With fresh black-and-white exterior accents and a long driveway leading to a 2-car garage, the property presents a modern and welcoming aesthetic that stands out in the neighborhood.
With only one bathroom serving three bedrooms, the layout may pose a functional challenge for growing families or those accustomed to modern multi-bath standards.
At 1,036 square feet, the interior living space is relatively modest for a three-bedroom home, which may result in smaller individual room dimensions.
Updated single-story home in a desirable Riverside neighborhood featuring modern finishes and an oversized backyard with endless potential. This move-in ready property offers an open-concept floor plan with wide plank flooring, recessed lighting, fresh interior and exterior paint, and abundant natural light throughout. The upgraded kitchen showcases quartz-style countertops, stainless steel appliances, and a spacious breakfast bar that opens seamlessly to the living area, perfect for entertaining. Spacious bedrooms and updated bathroom provide comfort and functionality, while the expansive backyard offers room for a pool, ADU, RV parking, or future expansion. Additional features include a 2-car garage, long driveway, and updated curb appeal with modern black-and-white exterior accents. Conveniently located near schools, shopping, dining, and freeway access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 1,036 | 1,618 | 8% |
| Lot Size | 6,969 | 7,841 | 24% |
| Price | $575.0K | $660.0K | 22% |
| Price per sq ft | $555 | $397 | 93% |
| Built year | 1952 | 1983 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 149 | 1% |
May 6, 2026
$575,000
Initial Listing
Oct 28, 2004
$282,500
Public Record
Jul 12, 2001
$131,000
Public Record