
Riverside, California 92504
This Hybrid Value-Add Property is a Strong Value Opportunity, listed at $569,000—positioned well below the $575,997 Fair Market Value by 1.2%. This valuation gap offers $6,997 in Instant Equity. Featuring a Condition Rating of 4, the home includes a permitted 424 sq. ft. hobby room with a full bath, perfect for an ADU conversion. With a large quarter-acre lot and proximity to Riverside Unified schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7307 Lenox Avenue Subject | $569,000* List Price | 2 | 1 | 1,148 | $507 | - |
A 7450 Emerald Street Sold | $520,000 | 3 | 1 | 1,112 | $468 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the home is well-maintained and functional with a newer HVAC system and dual-pane windows. However, the kitchen and bathrooms are significantly dated, featuring vintage tile and older cabinetry that likely exceed 30 years in age. The presence of popcorn ceilings and older carpeting suggests the need for cosmetic updates throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1148.
The permitted 424 sq. ft. hobby room with a full bathroom provides exceptional value, offering immediate potential for an ADU conversion, rental income, or a private home office.
Situated on a generous quarter-acre corner lot, the property features a large backyard with mature trees, a wide side yard for RV parking, and ample space for gardening or expansion.
The primary residence consists of only 2 bedrooms and 1 bathroom, which may limit its appeal to larger families or buyers specifically looking for a master suite.
While well-maintained, features such as the tile countertops and the 1946 construction year suggest that some interior spaces may require cosmetic modernization to meet current luxury trends.
An intriguing, contemporary home on a corner lot in the secluded Berkshire Hills of the highly sought-after Arlington Heights neighborhood awaits you! This single-story residence at 7307 Lenox Avenue offers 2 bedrooms, 1 bathroom across approximately 1,148 sq. ft. of comfortable living space on a generous quarter-acre usable lot. In addition to the main house, generating exceptional value is a permitted 424 sq. ft. bonus hobby room with a full bathroom, located just behind the detached 2-car garage, ideal for a home office, studio, gym, guest quarters, or an ADU conversion with the prospect of rental income. Inside, natural light fills the spacious living room, where a cozy fireplace creates a warm and welcoming atmosphere. The kitchen features tile countertops, ample cabinetry, and flows seamlessly into the dining area; making it great for everyday living and entertaining. Large dual-pane windows throughout and a newer HVAC system provide year-round comfort. Outside, enjoy a spacious backyard shaded by mature trees with plenty of room to entertain, garden, or expand. The extended driveway leads to the detached garage and provides abundant parking, while the wide side yard presents potential RV parking. A well-manicured front yard creates vibrant curb appeal. Conveniently located near parks, schools, shopping, dining, Washington Street, Victoria Avenue, and the 91 Freeway, this home combines peaceful living with everyday convenience. With low property taxes, no HOA, and endless possibilities, this rare Arlington Heights property is an opportunity you won't want to miss. Schedule your private showing today!
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 1.4 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,148 | 1,867.892 |
| Lot Size | 11,326 | 8,787.773 |
| Price | $569.0K | $692.3K |
| Price per sq ft | $496 | $386 |
| Built year | 1946 | 1980 |
| HOA | $0 | $151 |
| Days on market | 34 | 55 |
Aug 6, 2026
$569,000
Initial Listing
Oct 19, 2011
$120,000
Public Record
Jan 4, 2002
$150,000
Public Record