
Riverside, California 92504
This Strong Value Opportunity is listed at $479,990, positioned well below the $526,837 Fair Market Value by 8%. This valuation gap provides $46,847 in Instant Equity. Featuring a Condition Rating of 2, the home includes a new roof, stucco, and HVAC. The expansive 9,148 sqft lot with dual driveway access offers significant Development Potential for an ADU. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5908 Grand Subject 2 bd · 2 ba · 733 sqft · $719 | $479,990* List Price | 2 | 2 | 733 | $719 | - |
A 5847 Meadowbrook Lane Sold 3 bd · 2 ba · 1,008 sqft · $602 · 0.2 mi | $607,000 | 3 | 2 | 1,008 | $602 | 0.2 mi |
B 5535 Norman Sold 2 bd · 1 ba · 744 sqft · $632 · 0.9 mi | $470,000 | 2 | 1 | 744 | $632 | 0.9 mi |
C 4869 Serrano Place Sold 3 bd · 2 ba · 1,008 sqft · $551 · 0.3 mi | $555,000 | 3 | 2 | 1,008 | $551 | 0.3 mi |
D 5766 Grand Avenue Active 2 bd · 1 ba · 900 sqft · $666 · 0.4 mi | $599,000 List Price | 2 | 1 | 900 | $666 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1925, the property has undergone a comprehensive recent renovation (likely <5 years) including a new roof, new stucco, new windows, and newer HVAC. The interior features fresh paint, recessed lighting, and new flooring, making it move-in ready with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 733.
The property features a new roof, new stucco, newer A/C, and new windows, significantly reducing immediate maintenance costs and improving energy efficiency for the buyer.
Situated on a generous 9,148 sqft lot with two separate driveway approaches, this property offers excellent opportunities for an ADU or SB 9 development.
The property was recently sold within the past year on 2026-09-04. The sold price is $165,000.00.
At only 733 square feet, the compact living area may be a challenge for buyers seeking spacious rooms or those with larger households.
The assigned elementary and middle schools have lower performance ratings (4/10), which could be a drawback for families prioritizing high-ranking educational districts.
Charming Riverside cottage thoughtfully updated with a long list of recent improvements and plenty of character! This inviting home features a NEW ROOF, NEW STUCCO, newer A/C, new windows throughout most of the home, recessed lighting, fresh interior paint and updated appliances. “Eligible for $15,000 forgivable loan (no payments, no interest) to cover closing costs, rate buy-down and/or down payment. 100% financing available with NO MI.” Inside, the home offers a functional layout along with a private laundry area and a VERY LARGE STORAGE AREA—providing valuable additional space that is hard to find in a home of this size. Outside, enjoy a beautifully refreshed COVERED BBQ AND ENTERTAINING AREA, creating a wonderful extension of the home for outdoor dining, gatherings and year-round enjoyment. The property is fully fenced for added privacy and also includes a large backyard storage shed. Another distinctive feature is the property's TWO SEPARATE DRIVEWAY APPROACHES, offering additional flexibility for parking and potential future use of the property. Buyers interested in SB 9, an ADU or other development possibilities are encouraged to independently investigate eligibility, zoning, setbacks, utilities, permits and all applicable governmental requirements. With its cottage-style charm, extensive improvements, private fenced setting, generous storage and versatile outdoor spaces, this property offers an appealing combination of character, functionality and opportunity. Buyer and buyer’s agent are advised to independently verify permit status and all property information to their satisfaction.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 0.7 mi
Grades 7-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 733 | 1,854.896 |
| Lot Size | 9,148 | 8,680.308 |
| Price | $480.0K | $698.4K |
| Price per sq ft | $655 | $380 |
| Built year | 1925 | 1982 |
| HOA | $0 | $156 |
| Days on market | 17 | 57 |
Oct 7, 2026
$479,990
Initial Listing
Sep 4, 2026
$165,000
Public Record