
Riverside, California 92504
This High-Potential Investment Opportunity is listed at $975,000, positioned well below the $990,795 Fair Market Value by 1.6%. This valuation gap offers $15,795 in Instant Equity. Featuring a Mint Condition Rating following a 2025 renovation, the property includes high-end finishes like quartz countertops and split-unit HVAC. With three permitted units generating $6,600 in monthly rent, this is a stable, turn-key asset. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy near major universities.
Property is new construction or fully renovated.
The property was built in 2016 and underwent a comprehensive, high-end renovation in 2025, making it less than a year since the last major update. It features mint-condition interiors with new kitchen cabinetry, quartz and granite countertops, stainless steel appliances, vinyl plank flooring, and modern systems including split-unit HVAC and tankless water heaters.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2470.
The property generates a robust $6,600 in monthly gross rent across three fully permitted units, offering an attractive turn-key cash flow opportunity for investors.
Built in 2016 and reimagined in 2025, the residence features high-end upgrades including split-unit HVACs, tankless water heaters, and quartz countertops, significantly reducing immediate capital expenditure.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2470, other record living area = 1992.
Converting the original footprint into three separate units may lead to a perceived lack of privacy and increased wear and tear on the shared 0.23-acre lot.
The list price of $975,000 represents a significant jump from its 2023 sale price of $641,500, placing heavy reliance on the market's acceptance of the new multi-unit valuation.
Turn-key investor opportunity. Originally built in 2016 and thoughtfully reimagined in 2025, this residence has been transformed into three fully permitted units, all created within the original footprint and finished to a high-end standard. Rental increases on 9/1/26 allow the property to offer a combined $6,600 per month in gross rent across the following unit mix: Unit A – 4BR/2.5BA, approximately 1,445 square feet with a 1-car garage, renting for $3,200 per month; Unit B – 1BR/1BA, approximately 550 square feet, renting for $1,800 per month; and Unit C – a studio of approximately 475 square feet, renting for $1,600 per month. Clever spatial planning ensures that each unit features its own private entrance, a uniquely functional layout, and two dedicated parking spaces. Interior upgrades exceed what is typically found in multi-family configurations, including quartz and granite countertops, vinyl plank flooring throughout, split-unit HVAC systems, vaulted ceilings, recessed lighting, tankless water heaters, stainless steel appliances, and all-new kitchen cabinetry. Situated on a meticulously landscaped .23-acre lot, the outdoor amenities create a serene, park-like environment with multiple shaded pavilions, a fire pit, mature trees, manicured landscaping, and thoughtfully designed outdoor cooking areas. Located conveniently close to Cal Baptist University, University of California at Riverside, most major freeways and local retail hubs. Combining comprehensive remodeling, newer construction, and a strong rent roll, this property presents a rare, turn-key opportunity for investors seeking both quality and cash flow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,470 | 1,723 |
| Lot Size | 10,019 | 8,712 |
| Price | $975.0K | $676.0K |
| Price per sq ft | $395 | $395 |
| Built year | 2016 | 1977 |
| HOA | $0 | $125 |
| Days on market | 9 | 58 |
Jul 13, 2026
$975,000
Initial Listing
Nov 17, 2023
$641,500
Public Record
Jun 20, 2016
$403,000
Public Record