7429 Diamond, Riverside, California 92504, Riverside, 92504 - 2 bed, 1 bath
7429 Diamond
Riverside, California 92504
Property Price
SUMMARY
Analysis of 7429 Diamond, Riverside, California 92504 reveals a property with a current list price of $449,900, which is 12% above the estimated $400,895 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7429 Diamond Subject | $449,900* List Price | 2 | 1 | 840 | $477 | - |
A 4723 Arlington Avenue Sold | $500,000 | 2 | 1 | 1,156 | $433 | 0.9 mi |
B 3548 Roslyn Street Sold | $512,017 | 2 | 1 | 1,038 | $493 | 0.9 mi |
C 7270 Fiesta Avenue Sold | $545,000 | 3 | 2 | 1,116 | $488 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1934, this property requires substantial rehabilitation and modernization. The listing explicitly mentions the need for 'TLC' and targets investors, indicating deferred maintenance and outdated kitchen, bathroom, and major systems that need significant capital investment to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Investment & ADU Potential
The property offers significant upside for investors with the potential to add an additional unit, providing an opportunity for rental income or multi-generational living.
- Desirable Proximity
Conveniently located near Villegas Park and a short drive from the vibrant amenities, dining, and entertainment of Downtown Riverside.
- Generous Lot Size
The 6,098 square foot lot provides ample outdoor space and flexibility for future expansions or landscaping projects beyond the existing footprint.
CONSRISKS & DEFICIENCIES
- Renovation Required
The home is noted as needing 'TLC,' indicating deferred maintenance and the need for immediate capital investment to bring it up to modern standards.
- Compact Living Area
At only 840 square feet with a single bathroom, the interior space is limited, which may challenge larger households or those requiring a home office.
About 7429 Diamond
Welcome to 7429 Diamond St, a 2 bedroom and 1 bathroom house nestled in the Casa Blanca Neighborhood of Riverside! Just a little bit of love and TLC will have this cozy house ready to call home in no time. It is nestled near Villegas Park and a short drive away from Downtown Riverside, so there's a lot to look forward to in the area! Any investor may also see this as highly opportunistic as it provides the potential of an additional unit. Seize this opportunity if you can because there will not be many like it.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1934
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 840 | 1,529 | 3% |
| Lot Size | 6,098 | 8,712 | 7% |
| Price | $449.9K | $620.0K | 4% |
| Price per sq ft | $536 | $415 | 92% |
| Built year | 1934 | 1959 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 183 | 1% |
Pricing History
Listed for Sale
Feb 25, 2026
$449,900
$450,000
+0% Price Increase
Initial Listing
Price Change
Feb 17, 2026
$450,000
Initial Listing