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5787 Warren Street, Riverside, California 92503, Riverside, 92503 - bed, bath

5787 Warren Street, Riverside, California 92503 home-pic-0
ACTIVE$864,000
5787 Warren Street, Riverside, California 92503
0Bed
0Bath
1,890Sqft
6,534Lot
Year Built
1955
Close
-
List price
$864K
Original List price
$900K
Price/Sqft
$457
HOA
-
Days on market
-
Sold On
-
MLS number
PW25169802
Home ConditionFair
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $864.0K(83th), sqft - 1890(67th), beds - undefined(50th), baths - undefined(50th).

$$ PRICE REDUCED FOR FAST SALE $$ Excellent Investment Opportunity – 3 Units on One Lot! A must-see, move-in-ready property perfect for owner-occupants or savvy investors. Live in one unit and rent out the other two for additional income! Property Features: Front Unit: 2 bedrooms, 2 bathrooms, tile flooring throughout, private yard, in-unit laundry, separate gas and electric meters. Second Unit: 1 bedroom, 1 bathroom, private laundry area, and a small yard. Third Unit (Back House): Detached 2 bedrooms, 1 bathroom, private laundry area, and its own yard. Other highlights include: Long driveway with RV access and additional parking Newer roof and brand-new fencing around the property Covered carport parking for each unit Large storage shed included in the sale Walking distance to schools, parks, and shopping Plenty of street parking East/West facing front doors for the front units Don't miss this unique multi-unit property with great income potential! $$ PRICE REDUCED FOR FAST SALE $$

Price History

Date
Event
Price
08/27/25
Price Change
$864,000-2.8%
08/16/25
Price Change
$888,950-1.2%
07/28/25
$899,950
Condition Rating
Fair
The property was built in 1955, making it over 20 years old. While the listing notes a 'newer roof' and 'brand-new fencing,' and at least one bathroom has been updated with modern tile and vanity, the kitchen features dated dark wood cabinets and laminate countertops, suggesting a renovation from 15-30 years ago. Other elements like tile flooring throughout and visible popcorn ceilings also indicate an older renovation cycle. The presence of window AC units further points to a lack of modern central cooling. The property is functional and 'move-in ready' but requires minor updates, especially in the kitchen, to align with current styles and features.
Pros & Cons

Pros

Multi-Unit Income Potential: The property features three distinct units (2-bed/2-bath, 1-bed/1-bath, detached 2-bed/1-bath) on one lot, offering excellent rental income potential or a desirable owner-occupant scenario with supplementary income.
Recent Major Upgrades: Key capital improvements such as a newer roof and brand-new fencing have been completed, reducing immediate maintenance costs and enhancing property value.
Individual Unit Amenities & Privacy: Each unit benefits from private laundry areas and private yards, with the third unit being detached, providing enhanced tenant appeal, privacy, and separate utility metering for gas and electric.
Ample Parking & RV Access: The property boasts a long driveway with RV access, additional parking, covered carports for each unit, and plenty of street parking, addressing a critical need for multi-unit properties.
Desirable Local Amenities: The location offers convenient walking distance to schools, parks, and shopping, making it attractive to potential tenants and owner-occupants.

Cons

Multiple Price Reductions: The property has undergone several price reductions from its original listing, which may indicate market resistance or initial overpricing, potentially affecting perceived value or future appreciation.
Age of Property: Built in 1955, the property is older, suggesting that while some upgrades are noted, other core systems (plumbing, electrical, HVAC) may be original or require significant updates in the near future.
Absence of Cooling System: The property description does not mention any cooling system (e.g., air conditioning), which could be a significant drawback and comfort issue for tenants or owners, especially during hot Riverside summers.

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