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

5875 5875 Picker, Riverside, California 92503 home-pic-0

5875 5875 Picker

Riverside, California 92503

ACTIVE
CONDITION: POOR
0Beds
0Baths
3,000Sq Ft
11,000Lot Size

Property Price

LIST PRICE$995,000

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

Poor
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,0001,822
75%
Lot Size11,0009,147.5
67%
Price$995.0K$712.5K
75%
Price per sq ft$332$364
25%
Built year19451959
25%
HOA$0$0
50%
Days on market141185
42%

Pricing History

Listed for Sale

Oct 17, 2025

$995,000

Initial Listing

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