5506 Corwin Lane, Riverside, California 92503, Riverside, 92503 - 5 bed, 3 bath
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Riverside, California 92503
This Income-Producing Turnkey Residence is listed at $735,888, representing a stable valuation aligned with its $734,555 Fair Market Value. Boasting a Condition Rating of 2, the property features a fully renovated interior with a modern kitchen and energy-efficient mini-split systems. The standout feature is the Detached 2-Bedroom ADU with its own address and meter, offering significant rental income potential. Located in the Riverside Unified School District with Mountain Views, this hybrid asset is perfect for Owner-Occupants seeking to house-hack or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5506 Corwin Lane Subject | $735,888* List Price | 5 | 3 | 1,514 | $485 | - |
A 5653 Montgomery Sold | $620,000 | 4 | 2 | 1,300 | $477 | 0.2 mi |
B 9075 Delano Drive Sold | $655,000 | 3 | 2 | 1,215 | $539 | 0.7 mi |
C 8971 Glencoe Drive Sold | $575,000 | 4 | 2 | 1,278 | $450 | 0.7 mi |
D 9152 Jersey Sold | $645,000 | 4 | 2 | 1,302 | $495 | 0.6 mi |
E 5653 Corwin Pending | $599,900 List Price | 4 | 2 | 1,300 | $461 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1959, the property has undergone a complete turnkey renovation within the last 5 years. The interior features a modern kitchen with white shaker cabinets and stone countertops, updated bathrooms with contemporary tile work, and new flooring throughout. Systems have been modernized with the installation of newer mini-split HVAC units in each room.
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 = 1514.
The property includes a detached 2-bedroom, 1-bathroom ADU with its own address and electric meter, providing excellent potential for rental income or multi-generational living.
The home features a fully updated interior with newer flooring, remodeled bathrooms, and modern finishes, offering a move-in-ready experience without the need for immediate repairs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1514, other record living area = 1014.
With a total of 1,514 square feet split between two separate units, the individual living areas and bedrooms are likely compact, which may not suit buyers seeking spacious interiors.
The listing price of $735,888 represents a sharp increase from the 2023 sale price of $519,000, which could present challenges during the appraisal process or deter price-sensitive buyers.
INCOME PRODUCING ADU HOME ! This beautiful TURNKEY 3 bed 2 bath home features a detached 2 bed 1 bath ADU. Enjoy the flexibility of multi generational living or use the ADU to pay down your mortgage. The separate unit features its own kitchen, address, and electric meter. Stepping into the main house you will have an updated interior throughout, newer floors, bathrooms, mini-splits in each room. Easy access to shopping, parks, and 91 FWY. Whether you’re looking for your next investment property or a primary residence with rental potential, this home offers flexibility and opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 1,514 | 1,624.5 | 45% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $735.9K | $660.0K | 64% |
| Price per sq ft | $486 | $391 | 80% |
| Built year | 1959 | 1986 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 180 | 0% |
Apr 9, 2026
$735,888
Initial Listing
Mar 1, 2023
$519,000
Public Record
Nov 30, 2022
$310,000
Public Record