
Riverside, California 92506
This property presents a Strong Value Opportunity with a List Price of $499,000—positioned well below the $527,315 Fair Market Value by 5%. This valuation gap offers $28,315 in Instant Equity for buyers willing to address the Condition Rating of 5. While the home requires smoke-odor remediation and bathroom completion, the 1,760 sqft single-story layout and resort-style HOA amenities provide significant upside. This is a high-potential acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking a value-add project in a prime Riverside location.
Property is extensive renovation needed.
Built in 1974 with a dated 1980s kitchen, this property requires significant rehab. While the HVAC was updated in 2019, the home suffers from severe cigarette smoke exposure requiring professional remediation and potential duct replacement. Additionally, the carpets are heavily stained and the primary ensuite bathroom is left in an unfinished, mid-renovation state.
Situated in the desirable 'The Trees' community, the property offers resort-style living with access to a pool, basketball court, RV parking, and park-like grounds, with the HOA covering roof and exterior maintenance.
The home features a newer HVAC system and water heater installed in 2019, along with kitchen appliances that are all less than six years old, reducing the immediate need for major capital improvements.
This functional 1,760-square-foot residence offers a rare four-bedroom, single-level floor plan on a generous lot with mature fruit trees, providing both accessibility and ample space for families.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5968, other record lot size in square feet = 6098.
The interior has been exposed to long-term cigarette smoke, requiring professional remediation of surfaces, flooring, and potentially the replacement of HVAC ducting to restore a fresh environment.
The primary ensuite bathroom is currently in the process of renovation, presenting an immediate project and additional expense for the buyer to complete the space.
Nestled within the highly sought-after community of “The Trees,” just moments from historic Victoria Avenue, this inviting single-story residence offers the perfect blend of comfort, character, and convenience. Cherished by the same family for more than 40 years, the home welcomes you with a spacious living room and dining area that flow naturally into the family room and open galley-style kitchen. The kitchen’s bright red tile adds a touch of classic 1980s charm, creating a warm and memorable focal point. The light-filled primary bedroom is generously sized and features a large sliding door that opens to a private patio, along with an ensuite bathroom currently in the process of renovation. Three additional bedrooms offer ample space, abundant natural light, and pleasant views of the back or side yards. The home has been well maintained over the past 40+ years. The HVAC and water heater were both updated in 2019, and the kitchen appliances (stove, microwave, and dishwasher) are all less than 6 years old. Set on a large lot, the property features multiple fruit trees, including orange, Meyer lemon, and lime. The back patio provides an ideal place to relax and enjoy the yard’s meandering pathways and numerous rose bushes. Just beyond the front door, residents can enjoy park-like grounds with mature trees, scenic walking paths, and resort-style amenities, including a pool, kiddie pool, covered picnic area, basketball court, and RV parking. HOA benefits also include water, exterior maintenance, and roof care. This home offers quiet, tranquil, low-maintenance living in a centrally located neighborhood close to shopping, dining, and everyday conveniences. **Please note that the home has been exposed to cigarette smoke over time and may benefit from professional smoke-odor remediation, including attention to interior surfaces, flooring, and ventilation components. The HVAC system is relatively new, installed in 2019; however, buyers may wish to evaluate replacing the ducting and registers.**
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 1.6 mi
Grades K-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,760 | 1,115.608 |
| Lot Size | 5,968 | 1,254.765 |
| Price | $499.0K | $393.4K |
| Price per sq ft | $284 | $359 |
| Built year | 1974 | 1982 |
| HOA | $500.0 | $389 |
| Days on market | 51 | 62 |
Sep 4, 2026
$499,000
Initial Listing