8754 Penny, Riverside, California 92503, Riverside, 92503 - 3 bed, 1 bath
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Riverside, California 92503
This property presents a High-Potential Investment Opportunity with a List Price of $460,000—positioned well below the $413,633 Fair Market Value by -11%. While the property requires a Fair Condition Rating (5/10) due to its age and dated interior, the expansive 7,405-square-foot corner lot offers significant ADU Potential for forced appreciation. Located in the Alvord Unified school district, this asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project to maximize density and long-term rental yield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8754 Penny Subject | $460,000* List Price | 3 | 1 | 954 | $434 | - |
A 8925 Penny Sold | $455,000 | 3 | 1 | 954 | $477 | 0.1 mi |
B 8774 Jo Jo Sold | $475,000 | 3 | 2 | 954 | $498 | 0.1 mi |
C 5651 Babb Avenue Sold | $452,000 | 3 | 2 | 1,122 | $403 | 0.7 mi |
D 5300 Noble Street Sold | $525,000 | 3 | 2 | 1,122 | $468 | 0.9 mi |
E 6691 Dorinda Sold | $551,000 | 3 | 2 | 1,161 | $475 | 0.4 mi |
F 5367 Rutland Active | $585,000 List Price | 3 | 1 | 1,058 | $553 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 (71 years old) with no evidence of recent renovations. Interior photos show dated tile flooring, aged wood cabinetry, and significant wear on baseboards and trim. The listing's emphasis on lot size and ADU potential, rather than interior features, indicates the structure likely requires a full rehab of systems, kitchen, and bath.
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 = 954.
The expansive 7,405-square-foot corner lot features a concrete-paved backyard, providing an excellent foundation for an Accessory Dwelling Unit (ADU) or future expansion to increase property value.
Surrounded by lush greenery and climbing vines, the property offers a private and serene outdoor environment that significantly enhances its overall charm and curb appeal.
With only one bathroom serving three bedrooms, the layout may be less convenient for larger households or modern buyer expectations compared to homes with multiple baths.
At just 954 square feet, the interior living space is relatively small for a three-bedroom residence, which may feel restrictive for buyers seeking more spacious common areas.
This three-bedroom, one-bathroom home sits on a large 7,405-square-foot corner lot. The large backyard has concrete-paved backyard offers significant potential for ADU. Surrounded by lush greenery and climbing vines, the house boasts a beautiful and tranquil garden setting, enhancing its charm and privacy. With its excellent location near schools and shopping centers, this property is an ideal choice for buyers looking to maximize space while considering future uses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 954 | 1,634 | 6% |
| Lot Size | 7,405 | 7,841 | 44% |
| Price | $460.0K | $660.0K | 5% |
| Price per sq ft | $482 | $392 | 80% |
| Built year | 1953 | 1983 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 153 | 2% |
Jun 10, 2026
$460,000
Initial Listing
Jan 28, 2011
$119,000
Public Record
Dec 7, 2004
$250,000
Public Record