8231 Carnation Court, Riverside, California 92503, Riverside, 92503 - 0 bed, 0 bath
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Riverside, California 92503
This rare Riverside duplex presents a High-Potential Investment Opportunity with a List Price of $655,000—positioned well below the $774,594 Fair Market Value by 15%. This valuation gap offers $119,594 in Instant Equity. Featuring a Fair Condition Rating, the property requires cosmetic updates to maximize its rental yield. With an oversized 10,890 sqft lot and private backyards, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack in an established neighborhood.
Property is moderate renovation needed.
Built in 1976 and hitting the market for the first time in over 30 years, the property is functional but significantly dated. The kitchen features older tile countertops and painted cabinets, while the interior shows popcorn ceilings and aged carpeting. While the listing states it is rentable in its current condition, it requires cosmetic updates to meet modern standards.
This rare-to-market duplex offers a prime opportunity for owner-users to house-hack or investors to secure immediate rental income in a desirable Riverside location.
The oversized 10,890 square foot lot provides rare private backyards for each unit and a wide driveway with abundant off-street parking.
Each unit is well-equipped with essential modern conveniences including central A/C and heating, individual garages, and separate utility meters.
The property requires cosmetic improvements to reach its full market potential, which may necessitate immediate post-purchase capital expenditure.
With only one bathroom per two-bedroom unit, the layout may be less competitive compared to more modern multi-family configurations.
RARE Riverside Duplex hitting the market for the first time in over 30 years! Tucked away on a cul-de-sac in a prime Riverside location, this property offers an Excellent Opportunity for an investor or owner-user looking to live in one unit and rent the other. Each unit features 2 Bedrooms, 1 Bath, Central A/C & Heating, 1-Car Garage per unit, Garage Laundry Hookups, separate utility meters, and large private backyards for each unit. The property offers a great opportunity for cosmetic updating and improvements to maximize its full potential, while still being rentable in its current condition for an investor seeking immediate income potential. The oversized 10,890 Square Foot lot provides plenty of outdoor space along with a wide driveway offering abundant off-street parking. The duplex offers approximately 1,812 Square Feet of living space and is conveniently located near shopping, schools, dining, and freeway access. Properties like this rarely come available in such a desirable and established neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,812 | 2,000 | 33% |
| Lot Size | 10,890 | 10,890 | 50% |
| Price | $655.0K | $660.0K | 44% |
| Price per sq ft | $361 | $336 | 78% |
| Built year | 1976 | 1964 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 221 | 11% |
May 28, 2026
$655,000
Initial Listing