5771 Walter Street, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
5771 Walter Street
Riverside, California 92504
Property Price
SUMMARY
Analysis of 5771 Walter Street, Riverside, California 92504 reveals a Prime Investment Opportunity with a current list price of $565,000—significantly undercutting the $611,241 Fair Market Value by 7%. This valuation gap indicates a +$46,241 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5771 Walter Street Subject | $565,000* List Price | 3 | 2 | 1,288 | $475 | - |
A 5350 Benecia Drive Sold | $580,000 | 3 | 2 | 1,324 | $438 | 0.6 mi |
B 5620 Ensenada Sold | $610,000 | 3 | 2 | 1,382 | $441 | 0.5 mi |
C 5796 Mountain View Avenue Sold | $575,000 | 3 | 2 | 1,143 | $503 | 0.3 mi |
D 6012 Grand Avenue Sold | $554,500 | 2 | 2 | 1,173 | $473 | 0.9 mi |
E 6266 Pathfinder Road Sold | $670,000 | 3 | 2 | 1,334 | $502 | 0.5 mi |
F 5585 Norman Way Sold | $530,000 | 3 | 1 | 1,114 | $476 | 0.2 mi |
G 6291 Antioch Avenue Active | $575,000 List Price | 4 | 2 | 1,200 | $479 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has undergone significant renovations that modernize its 1956 structure. Key updates include an open-concept layout with vaulted ceilings, tile flooring throughout, and a kitchen featuring deep cherry cabinetry and stainless steel appliances. The inclusion of modern systems like central HVAC, fully paid solar panels, and a water filtration system, along with a well-maintained pool, confirms the home has been well-maintained and updated within the last 5-10 years.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Systems
The property includes fully paid solar panels and a water filtration system, providing significant value and long-term utility savings for the homeowner.
- Outdoor Amenities
The backyard is a standout feature, boasting a sparkling pool and ample space for entertaining, which is highly desirable for the Riverside climate.
- Modern Interior Design
Despite its 1956 build, the home offers a contemporary open-concept layout with vaulted ceilings and central HVAC, creating a sophisticated and comfortable living environment.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
As a property built in 1956, it may have underlying maintenance requirements or aging infrastructure typical of mid-century homes that are not immediately visible.
- Limited Square Footage
At 1,288 square feet for a three-bedroom residence, the interior living spaces and bedrooms may feel compact for larger families or those seeking more expansive layouts.
About 5771 Walter Street
Welcome to 5771 Walter St, a beautiful home ready for you to enjoy. As you enter the property, you are greeted by an ample gated driveway. This single-story residence offers a perfect balance of modern architecture and classic style. The open-concept layout, vaulted ceilings, and deep cherry cabinetry provide a sophisticated, timeless aesthetic. Now add your personal touch and make it yours. Key features of this 3-bedroom, 2-bathroom home include: - Central air and heating - Separate laundry room - Ample storage space - Tile flooring throughout - Fully paid solar and water filtration systems The backyard is equally impressive, featuring a sparkling pool and plenty of space to entertain family and friends. This home offers all the amenities you are looking for. Please reach out if you would like to schedule a viewing.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,288 | 1,529 | 33% |
| Lot Size | 6,970 | 8,712 | 22% |
| Price | $565.0K | $620.0K | 26% |
| Price per sq ft | $439 | $415 | 61% |
| Built year | 1956 | 1959 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 183 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$565,000
Initial Listing
Sold
Feb 28, 2022
$515,000
Public Record
Sold
Oct 10, 2019
$180,000
Public Record
Sold
Aug 13, 2015
$279,000
Public Record
Sold
Jun 6, 2008
$195,000
Public Record
Sold
Nov 18, 2005
$385,000
Public Record
Sold
Jul 30, 2002
$150,000
Public Record