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5893 Grand, Riverside, California 92504, Riverside, 92504 - 3 bed, 1 bath

5893 Grand, Riverside, California 92504 home-pic-0
ACTIVE$1,600,000
5893 Grand, Riverside, California 92504
3Beds
1Bath
1,800Sqft
61,855Lot

Price Vs. Estimate

The estimated value ($1,600,000) is $0 (0%) lower than the list price ($1,600,000). This property may be overpriced.

Key pros and cons

Top Pros:
Significant Development Potential: Described as a 'Developers Delight,' the property offers substantial potential for up to 8 parcels, each allowing 2 homes and 2 ADUs, supported by new Senate Bill Code 1123-chapter 294.
Top Cons:
As-Is Sale Condition: The property is being sold 'as-is,' indicating the seller will not undertake repairs, which may require buyers to budget for potential inspections and necessary upgrades.

Compared to the nearby listings

Price:$1.60M vs avg $630.0K (+$970,000)92%
Size:1,800 sqft vs avg 1,594.5 sqft64%
Price/sqft:$889 vs avg $41299%

More Insights

Built in 1926 (99 years old).
Condition: The property was built in 1926, making it nearly 100 years old. While the description states it was 'recently redone' and 'in great shape,' there are no interior images provided, especially for the kitchen and bathrooms, which are crucial for assessing condition and style. The 'as is' sale also suggests potential limitations to the renovation's scope or quality. Without visual evidence of the 'recent' renovation, particularly in key areas like the kitchen and bathrooms, and considering the property's age, it's difficult to assign a higher score. The exterior image shows a somewhat unkempt yard, which doesn't strongly support a 'recently redone' impression. Therefore, a 'Fair' rating is assigned, indicating that while it's likely maintained and functional, it probably has outdated elements or a renovation that wasn't comprehensive enough to bring it to modern standards, especially in the absence of verifiable details.
Year Built
1926
Close
-
List price
$1.6M
Original List price
$1.8M
Price/Sqft
$889
HOA
-
Days on market
-
Sold On
-
MLS number
IV25226072
Home ConditionFair
Features
View-

About this home

Developers Delight. Riverside is a charming area known for it orange groves and nature other cities don't have. This property backs up to the Santa Ana River bottom where a stream runs through it and is wonderful for walking with you dogs. It is also a bicyclers dream to be able to ride all the way to Newport Beach on a paved trail for them there. The Riverside Plaza is close with grocery stores - restaurants - clothing stores and a movie theatre. Walking distance to a grammar school. Where else can you live with all this and some openness? The home on the property is in great shape - recently redone so being sold as is. According to seller, Riverside's Building and Planning division the new senate Bill Code 1123- chapter 294. This property could be 8 parcels - 2 homes and 2 ADU can be built on each parcel. The property is on the corner of Grand and Park Cliff. Because of the shortage of homes in this area they are allowing more homes to be built on smaller lots. Many possibilities here in this great location near nature and all your needs. Riverside feels more like a small city with all its orange groves to cruse though and close to the river bottom. Downtown Riverside is like stepping back into the 1800s with the Mission Inn and wonderful old homes all near Mount Rubidoux with its 4 mile walking trail. The first Easter sunrise service took place there. Buyer to verify seller's information. Must come and visit us. Enjoy! .

Nearby schools

4/10
Mountain View Elementary School
Public,•PK-6•0.5mi
4/10
Sierra Middle School
Public,•7-8•0.8mi
2/10
Central Middle School
Public,•7-8•1.6mi
5/10
Ramona High School
Public,•9-12•1.8mi
7/10
Polytechnic High School
Public,•9-12•2.5mi
Condition Rating
Fair
The property was built in 1926, making it nearly 100 years old. While the description states it was 'recently redone' and 'in great shape,' there are no interior images provided, especially for the kitchen and bathrooms, which are crucial for assessing condition and style. The 'as is' sale also suggests potential limitations to the renovation's scope or quality. Without visual evidence of the 'recent' renovation, particularly in key areas like the kitchen and bathrooms, and considering the property's age, it's difficult to assign a higher score. The exterior image shows a somewhat unkempt yard, which doesn't strongly support a 'recently redone' impression. Therefore, a 'Fair' rating is assigned, indicating that while it's likely maintained and functional, it probably has outdated elements or a renovation that wasn't comprehensive enough to bring it to modern standards, especially in the absence of verifiable details.
Pros & Cons

Pros

Significant Development Potential: Described as a 'Developers Delight,' the property offers substantial potential for up to 8 parcels, each allowing 2 homes and 2 ADUs, supported by new Senate Bill Code 1123-chapter 294.
Expansive Lot Size: Boasting a generous 61,855 sqft (approximately 1.42 acres) lot, providing ample space for current enjoyment and future development opportunities.
Exceptional Nature & Recreation Access: Directly backs to the Santa Ana River bottom with walking and biking trails extending to Newport Beach, offering unique outdoor lifestyle and recreational opportunities.
Convenient Local Amenities: Located within walking distance to a grammar school and close proximity to Riverside Plaza, providing easy access to grocery stores, restaurants, shopping, and entertainment.
Recently Updated Existing Home: The current 3-bedroom, 1-bath home is noted to be 'in great shape' and 'recently redone,' offering immediate livability for potential occupants.

Cons

As-Is Sale Condition: The property is being sold 'as-is,' indicating the seller will not undertake repairs, which may require buyers to budget for potential inspections and necessary upgrades.
Limited Bathroom Count: The existing 3-bedroom home features only one bathroom, which could be a practical limitation for modern family needs or future rental considerations.
Extensive Buyer Due Diligence Required: The significant development claims, such as the potential for 8 parcels and ADUs, are subject to buyer verification, which can be a complex and time-consuming process.

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