8943 Delano Drive, Riverside, California 92503, Riverside, 92503 - 4 bed, 2 bath
8943 Delano Drive
Riverside, California 92503
Property Price
SUMMARY
Analysis of 8943 Delano Drive, Riverside, California 92503 reveals a Fairly Priced Property with a current list price of $599,000 aligned with the estimated $599,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8943 Delano Drive Subject | $599,000* List Price | 4 | 2 | 1,505 | $398 | - |
A 8741 Harper Court Sold | $675,000 | 4 | 2 | 1,428 | $473 | 0.5 mi |
B 4692 Jackson Sold | $550,000 | 4 | 2 | 1,180 | $466 | 0.3 mi |
C 8932 8932 Conway Sold | $540,000 | 4 | 2 | 1,278 | $423 | 0.2 mi |
D 5599 Montgomery Street Sold | $575,000 | 4 | 2 | 1,300 | $442 | 0.7 mi |
E 4215 Sherman Drive Sold | $660,000 | 4 | 2 | 1,502 | $439 | 0.3 mi |
F 8971 Glencoe Drive Active Under Contract | $569,900 List Price | 4 | 2 | 1,278 | $446 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1958, this home has received some cosmetic updates such as LVP flooring and painted kitchen cabinets. However, the kitchen features dated tiled countertops and functional but not modern appliances. A visible window AC unit suggests the HVAC system may be older or incomplete. While maintained, the property requires minor updates to bring the kitchen and potentially the unseen bathrooms up to current aesthetic standards.
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 = 8276, living area = 1505.
- Significant Price Adjustment
The property has undergone a substantial price reduction from $649,000 to $599,000, presenting a more competitive and attractive value proposition for potential buyers.
- Generous Lot Size
Featuring an 8,276 sqft lot, the property provides ample outdoor space for landscaping, recreation, or potential future enhancements.
CONSRISKS & DEFICIENCIES
- Property Age and Potential for Updates
Built in 1958, the home is over six decades old, suggesting that major systems (e.g., plumbing, electrical, HVAC) and aesthetics may require significant updates or maintenance to meet modern standards.
- Modest View
While a 'Neighborhood' view is present, it lacks the premium appeal of panoramic city, mountain, or water views, which might limit its appeal compared to properties with more desirable vistas.
- Price History Implications
The notable price reduction from the original listing price could indicate initial overpricing or market resistance, potentially raising questions for buyers about the property's true market value or condition.
About 8943 Delano Drive
Exceptional opportunity in Riverside. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 8,276 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,505 | 1,757 | 41% |
| Lot Size | 8,276 | 7,841 | 54% |
| Price | $599.0K | $675.0K | 26% |
| Price per sq ft | $398 | $385 | 56% |
| Built year | 1958 | 1986 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 271 | 184 | 89% |
Pricing History
Listed for Sale
Sep 15, 2025
$599,000
Initial Listing
Price Change
Jun 9, 2025
$649,000
Initial Listing