7534 Fern, Riverside, California 92504, Riverside, 92504 - 4 bed, 1 bath
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Riverside, California 92504
This 1930s Fixer-Upper represents a Strong Value Opportunity with a List Price of $329,000—positioned well below the $351,224 Fair Market Value by 6%. This valuation gap provides $22,224 in Instant Equity for buyers prepared for a comprehensive value-add project. Carrying a Condition Rating of 5, the asset requires a total system overhaul but offers significant upside via its 7,405 Sqft Lot, Patio, and ADU potential. Located in the Riverside Unified district, this is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Property is extensive renovation needed.
Built in 1930, this property is marketed as a 'true fixer-upper' and requires substantial rehabilitation. Interior images reveal significant deferred maintenance, including heavily stained carpeting, outdated wood paneling, and exposed electrical outlets. The kitchen features aged cabinetry and appliances in poor condition, while the exterior shows peeling paint and structural wear. The property likely requires a complete overhaul of all major systems and finishes to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1104.
Positioned as an 'Investor Special,' this property offers a blank canvas for a full renovation or rebuild, providing significant equity growth potential for flippers or developers.
The generous 7,405-square-foot lot provides ample space to expand the existing structure or add an Accessory Dwelling Unit (ADU), maximizing the property's long-term value and rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
As a 'true fixer-upper' built in 1930, the property likely requires a total overhaul of major systems and structural elements, necessitating a substantial additional capital investment.
The current configuration of 4 bedrooms and only 1 bathroom within 1,104 square feet suggests a cramped floor plan that may require a costly reconfiguration to meet modern functional standards.
INVESTOR SPECIAL! This property presents a rare opportunity for investors and visionaries alike. A true fixer-upper, it offers incredible potential to renovate, rebuild, or reimagine entirely. Situated on a spacious lot with room to expand, there is excellent potential to add an ADU and maximize value. Ideal for investors, flippers, or buyers looking to create their next project, this property is a blank canvas ready for transformation. Bring your vision and unlock the full potential of this unique opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,104 | 1,518 | 10% |
| Lot Size | 7,405 | 8,276 | 36% |
| Price | $329.0K | $619.5K | 1% |
| Price per sq ft | $298 | $412 | 5% |
| Built year | 1930 | 1960 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 201 | 1% |
Apr 10, 2026
$329,000
Initial Listing