RealKey
‪(213) 433-7766‬

7307 Diamond Street, Riverside, California 92504, Riverside, 92504 - 4 bed, 2 bath

7307 Diamond Street, Riverside, California 92504 home-pic-0
ACTIVE$749,000
7307 Diamond Street, Riverside, California 92504
4Beds
2Baths
1,796Sqft
14,810Lot

Price Vs. Estimate

The estimated value ($725,986.21) is $23,013.79 (3%) lower than the list price ($749,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential / Multi-Generational Living: The property features two homes on one lot, including a detached guest house with a private bathroom, offering significant flexibility for rental income, extended family, or a dedicated home office.
Top Cons:
Data Inconsistency / Price History: The listing description states 'PRICE REDUCTION' yet the current list price ($749,000) is higher than the original list price ($735,000), and the on-market/modified dates are in the future, which could raise questions about data accuracy or transparency.

Compared to the nearby listings

Price:$749.0K vs avg $630.0K (+$119,000)72%
Size:1,796 sqft vs avg 1,594.5 sqft64%
Price/sqft:$417 vs avg $41254%

More Insights

Built in 1930 (95 years old).
Condition: Despite being built in 1930, the property has undergone an extensive and recent renovation, as indicated by the description ('New flooring, new paint inside outside, new plumbing, new kitchen cabinets, new countertops, new roof, new doors, new bathroom and more'). The images confirm modern, high-quality finishes in the kitchen (new white shaker cabinets, white countertops, black fixtures, new range and microwave, recessed lighting) and living areas (new wood-look laminate flooring, fresh paint, recessed lighting). Modern mini-split AC units are visible, providing efficient cooling/heating. The overall condition appears virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1930
Close
-
List price
$749K
Original List price
$735K
Price/Sqft
$417
HOA
-
Days on market
-
Sold On
-
MLS number
PW25097006
Home ConditionExcellent
Features
View-

About this home

PRICE REDUCTION .. Two homes in a lot. Front house 3 beds / 1 bath and guest house unit in the back. Sitting on a almost 15,000 sqft lot, this property offers tremendous potential with large workshop/storage shed.Close to downtown and mission in hotel. The main home features 3 spacious bedrooms amazing kitchen and living space. The detached guest house includes a private bathroom ideal for extended family, a home office. 6 minutes from amtrak train station. Outside, the large lot offers plenty of room for expansion, gardening, or entertaining. There’s ample parking and space for RV or boat storage. The detached workshop is perfect for hobbyists, mechanics, or as additional storage. New flooring, new paint inside outside, new plumbing , new kitchen cabinets, new countertops, new roof, new doors, new bathroom and more. You need to come to see it. House is located minutes from freeway 91, Home depot, in and out ,mcdonalds, LA fitness and other shopping centers. Front house 1152 sqft and guest house 644 sqft.

Condition Rating
Excellent
Despite being built in 1930, the property has undergone an extensive and recent renovation, as indicated by the description ('New flooring, new paint inside outside, new plumbing, new kitchen cabinets, new countertops, new roof, new doors, new bathroom and more'). The images confirm modern, high-quality finishes in the kitchen (new white shaker cabinets, white countertops, black fixtures, new range and microwave, recessed lighting) and living areas (new wood-look laminate flooring, fresh paint, recessed lighting). Modern mini-split AC units are visible, providing efficient cooling/heating. The overall condition appears virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Income Potential / Multi-Generational Living: The property features two homes on one lot, including a detached guest house with a private bathroom, offering significant flexibility for rental income, extended family, or a dedicated home office.
Extensive Recent Renovations: The property boasts comprehensive recent upgrades including new flooring, paint (interior/exterior), plumbing, kitchen cabinets, countertops, roof, and bathrooms, suggesting a move-in ready condition and reduced immediate maintenance.
Large & Versatile Lot: Sitting on an almost 15,000 sqft lot, there's ample space for expansion, gardening, entertaining, and generous parking, including room for RV or boat storage, enhancing its utility and appeal.
Dedicated Workshop/Storage: A large detached workshop/storage shed provides valuable space for hobbyists, mechanics, or additional storage, adding practical functionality not commonly found.
Convenient Location & Accessibility: The property is strategically located minutes from downtown, Mission Inn, Freeway 91, Amtrak train station, and various essential amenities like Home Depot, In-N-Out, McDonald's, and LA Fitness.

Cons

Data Inconsistency / Price History: The listing description states 'PRICE REDUCTION' yet the current list price ($749,000) is higher than the original list price ($735,000), and the on-market/modified dates are in the future, which could raise questions about data accuracy or transparency.
Age of Main Structure: Despite extensive renovations, the main house was built in 1930. While updated, the underlying older construction may present unforeseen challenges or require specialized maintenance over time compared to newer builds.
Bathroom-to-Bedroom Ratio: With a total of 4 bedrooms across two units (3 in the front house, 1 in the guest house), having only 2 bathrooms (one in each unit) might be considered a low ratio for larger families or multi-tenant living arrangements.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state