
Riverside, California 92506
This property presents a High-Potential Investment Opportunity with a List Price of $725,000—positioned slightly above the $714,662 Fair Market Value. While requiring a full restoration due to its Condition Rating of 5, the expansive 29,185 sq ft lot offers significant Development Potential for multiple ADUs. The home features authentic 1930s architectural character, including original hardwood floors and brick wainscoting. This asset is ideal for Buy-and-Hold Investors or Contractors seeking to leverage the massive lot size and prime Pachappa Hill location for long-term value appreciation.
Property is extensive renovation needed.
Built in 1946, this home is in poor condition and requires a comprehensive rehab. The exterior shows significant peeling paint and weathered surfaces, the kitchen features original vintage cabinetry with outdated appliances, and the interior contains heavily dated finishes, stained carpeting, and an unfinished room with exposed wall framing.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29185, living area = 2040.
The expansive 29,185 square foot lot offers significant flat space, providing a rare opportunity to add multiple ADUs or expand the existing residence.
Tucked at the end of a long driveway on Pachappa Hill, this property offers exceptional privacy and elevated city light views.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is in need of extensive updates and repairs, requiring a buyer prepared for a full restoration project to modernize the vintage kitchen and interior.
Given the 1946 construction and original features, the home likely requires substantial investment to upgrade essential systems to modern standards.
Rare Magnolia Center Pachappa Hill opportunity! With a 29,185 sqaure foot lot, you have .67 acres of privacy and potential! Tucked at the end of a long driveway, this secluded 3 bedroom, 2 bathroom, 2,040 sq ft home is full of original 1930's character: exposed rafter tails along the roofline, brick wainscoting a built-in brick fire pit patio, a wrought-iron scroll security gate at the entry, and hardwood floors running throughout. The primary suite offers two connecting rooms for flexible living space, and a second family room with fireplace anchors the main living area. The vintage kitchen retains its original cabinetry and character, ready for a buyer's vision. Bring your ideas, paintbrush and tools, because this is a rare chance to restore real craftsmanship and architectural detail that's increasingly hard to find. Two-car attached garage for your classic car. You have room for RV parking. Plenty of flat space on your lot to add several ADU's. Minutes to the 91 freeway and Downtown Riverside. Close to schools, shopping, worship, and medical care. Must see in person to appreciate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.2 |
| Square foot | 2,040 | 1,854.896 |
| Lot Size | 29,185 | 8,680.308 |
| Price | $725.0K | $698.4K |
| Price per sq ft | $355 | $380 |
| Built year | 1946 | 1982 |
| HOA | $0 | $156 |
| Days on market | 32 | 57 |
Sep 23, 2026
$725,000
Initial Listing
May 13, 2009
$240,000
Public Record
Nov 22, 2006
$415,000
Public Record
May 6, 1999
$23,000
Public Record