7550 Peters St., Riverside, California 92504, Riverside, 92504 - 4 bed, 2 bath
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7550 Peters St.
Riverside, California 92504
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
2Baths
1,240Sq Ft
8,712Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$555,214
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $558,186 Fair Market Value by 1.47%. This valuation gap offers $8,186 in Instant Equity. Featuring a 4-bedroom layout on a large 8,712 sqft lot, the home has a Condition Rating of 4, indicating a need for modernization. The expansive lot provides significant upside for ADU construction or expansion. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value-add potential.
Estimated Market Value
$555,214
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7550 Peters St. Subject 4 bd · 2 ba · 1,240 sqft · $448 | $550,000* List Price | 4 | 2 | 1,240 | $448 | - |
A 7335 Lydia Avenue Sold 4 bd · 2 ba · 1,248 sqft · $435 · 0.4 mi | $542,257 | 4 | 2 | 1,248 | $435 | 0.4 mi |
B 3658 Hoover Sold 2 bd · 1 ba · 1,074 sqft · $521 · 0.7 mi | $560,000 | 2 | 1 | 1,074 | $521 | 0.7 mi |
C 3619 Hoytt Street Sold 4 bd · 2 ba · 1,346 sqft · $430 · 0.7 mi | $579,000 | 4 | 2 | 1,346 | $430 | 0.7 mi |
D 3638 Lillian Sold 4 bd · 2 ba · 1,372 sqft · $441 · 0.7 mi | $605,000 | 4 | 2 | 1,372 | $441 | 0.7 mi |
E 3568 Verde Street Active 4 bd · 2 ba · 1,204 sqft · $527 · 0.5 mi | $635,000 List Price | 4 | 2 | 1,204 | $527 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1957, the home is dated and shows its age, particularly with older wall AC units and highly dated bathrooms. While it has received minor cosmetic updates like new carpet and a new stove, the flooring in some areas shows visible wear and the property requires further modernization and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1240.
- Generous Lot Size
The expansive 8,712 sqft lot provides significant outdoor space and ample room for potential ADU construction or future property extensions.
- Recent Interior Refresh
Featuring new carpeting, a new stove, and various completed updates, the home offers a refreshed interior that reduces immediate move-in costs for buyers.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1957, the property may require ongoing maintenance or modernization of older mechanical and structural systems typical of homes from this era.
- Compact Living Area
At 1,240 sqft for a 4-bedroom configuration, the common living areas and individual rooms may feel constrained compared to more modern, open-concept floor plans.
About 7550 Peters St.
This is what you all have been waiting for*** This beautiful home located in the heart of Casa Blanca. Spacious 4 large size bedrooms 2 bath with ceilings fans in all rooms, New carpet in living room and hall way, some tile and vinyl in other rooms. New stove, Large car port for plenty of parking, Property lot size large enough accommodate any enhancements or add ons you can think of. This is a home you dont want to miss out on. Ask about the updates completed on this home, making it an opportunity you wont want to miss ****DONT MISS OUT ON THIS ONE ****
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,240 | 1,854.896 |
| Lot Size | 8,712 | 8,680.308 |
| Price | $550.0K | $698.4K |
| Price per sq ft | $444 | $380 |
| Built year | 1957 | 1982 |
| HOA | $0 | $156 |
| Days on market | 39 | 57 |
Pricing History
Listed for Sale
Sep 15, 2026
$550,000
Initial Listing