7088 Harvest Lane, Riverside, California 92506, Riverside, 92506 - 4 bed, 3 bath
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Riverside, California 92506
This Value-Add Residential Asset is a Prime Investment Opportunity listed at $749,900—positioned well below the $765,885 Fair Market Value by 2%. This valuation gap provides $15,985 in Instant Equity for buyers prepared to address the Fair Condition Rating. Featuring a private pool, spa, and versatile loft, the property offers significant upside through cosmetic "TLC" and modernization. Located near Historical Victoria Avenue and Cal Baptist University, this is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants looking to build equity in a prime Riverside location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7088 Harvest Lane Subject | $749,900* List Price | 4 | 3 | 2,617 | $290 | - |
A 3075 David Sold | $610,000 | 4 | 2 | 1,668 | $366 | 0.6 mi |
B 7042 Rainbow Court Sold | $620,000 | 3 | 2 | 2,034 | $305 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, this 24-year-old property is dated and shows visible wear, particularly on the wood flooring and exterior landscaping. The listing description explicitly states the home requires indoor and outdoor work and 'TLC,' which aligns with the Fair criteria for homes needing minor repairs and updates.
Situated off Historical Victoria Avenue, the property boasts an exceptional location near downtown, California Baptist University, and highly-rated schools.
The 2,617 sqft open floorplan includes 4 bedrooms plus a loft/bonus room, offering significant flexibility for families or a home office setup.
Built in 2000, the home offers contemporary structural standards and a larger lot size compared to many older homes in the surrounding historic area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The property requires both indoor and outdoor work, indicating that immediate 'TLC' is necessary to make the home move-in ready.
Described as needing a 'vision,' the home will likely require a substantial additional financial investment beyond the purchase price to realize its full potential.
Welcome to 7088 Harvest Lane located off Historical Victoria Avenue. Amazing location with many schools surrounding, close to downtown and Cal Baptist University. This home has an amazing open floorplan with 4 Bedrooms and 2.75 Bath and a Loft area/Bonus room. The home will require some indoor and outdoor work. With some TLC this home has a lot of potential. Just needs a vision!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,617 | 1,873 | 76% |
| Lot Size | 9,583 | 9,583 | 50% |
| Price | $749.9K | $726.3K | 54% |
| Price per sq ft | $287 | $392 | 3% |
| Built year | 2000 | 1965 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 135 | 4% |
May 2, 2026
$749,900
Initial Listing
Mar 27, 2017
$505,000
Public Record
Aug 24, 2015
$425,000
Public Record
Jan 18, 2013
$375,000
Public Record
Mar 14, 2000
$234,000
Public Record