5875 5875 Picker, Riverside, California 92503, Riverside, 92503 - bed, bath

5875 5875 Picker
Riverside, California 92503
Property Price
SUMMARY
Analysis of 5875 5875 Picker, Riverside, California 92503 is currently available with a list price of $995,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1945, this property is nearly 80 years old with no evidence of major renovations in the past 50 years. The exterior images show a dated appearance with signs of deferred maintenance, including faded paint, weathered trim, and security bars. The listing explicitly identifies 'Property Age & Condition' as a weakness, noting that the existing structures are 'likely dated' and require 'significant capital expenditure for renovations, upgrades, or deferred maintenance.' While currently rented, implying basic functionality, the overall condition, particularly for unseen interiors like kitchens and bathrooms, is presumed to be original or very old, necessitating substantial repairs and rehabilitation to meet modern standards. The property's primary value is clearly positioned for redevelopment rather than the existing structures.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Income Generation
The property features four fully occupied, income-producing units, ensuring immediate and stable cash flow for an investor.
- Significant Redevelopment Potential
Zoning allows for 5-10 apartment units on the approximately ¼ acre lot, offering substantial upside for future expansion or ground-up development.
- Multiple Adjoining Parcels
Comprising two adjoining parcels, the property provides a larger land area, which is crucial for maximizing the stated redevelopment potential.
CONSRISKS & DEFICIENCIES
- Property Age & Condition
Built in 1945, the existing structures are likely dated and may require significant capital expenditure for renovations, upgrades, or deferred maintenance to maximize value.
- Restricted Access for Due Diligence
The 'Drive by only — please do not disturb tenants' and 'Showings by appointment only' clauses limit immediate access, potentially complicating thorough property inspection and due diligence.
- Tenant Management Complexity
While fully occupied is a strength, managing existing tenants during a potential redevelopment, significant renovation, or eventual relocation process can introduce complexities and additional costs.
About 5875 5875 Picker
Investor Opportunity! This unique property includes two adjoining parcels totaling approximately ¼ acre, featuring four income-producing units, all currently rented. With zoning that allows for 5–10 apartment units (per Realist tax records), this property offers exceptional potential for expansion or redevelopment. Conveniently located and fully occupied, it’s a great addition to any investment portfolio. Drive by only — please do not disturb tenants. Showings by appointment only.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1945
- Lot Size
- 11,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,000 | 1,822 | 75% |
| Lot Size | 11,000 | 9,147.5 | 67% |
| Price | $995.0K | $712.5K | 75% |
| Price per sq ft | $332 | $364 | 25% |
| Built year | 1945 | 1959 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 141 | 185 | 42% |
Pricing History
Listed for Sale
Oct 17, 2025
$995,000
Initial Listing

