9314 Martha Way, Riverside, California 92503, Riverside, 92503 - 4 bed, 2 bath

9314 Martha Way, Riverside, California 92503 home-pic-0
ACTIVE$471,000
9314 Martha Way, Riverside, California 92503
4Beds
2Baths
1,104Sqft
8,276Lot
Year Built
1954
Close
-
List price
$471K
Original List price
$471K
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
PW25177222
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $471.0K(3th), sqft - 1104(14th), beds - 4(50th), baths - 2(50th).

Spacious family home, conveniently located near the freeway, lots of shopping and entertainment. Just a skip from the Tyler Mall, a short drive to the local colleges, and nestled in a cute neighborhood. The lot is huge, lending to great privacy and possibly more build out. Nice-sized front yard, and a large, spacious garage. The garage is physically attached but there is no direct access to the house. This is an investor's dream, as there is tons of sweat equity at this price. Likewise, imagine getting the whole family in on the renovation project of a lifetime! We genuinely do not believe this house will last long on the market. Come on by and see the potential for yourself!

Nearby schools

4/10
Liberty Elementary School
Public,PK-60.7mi
4/10
Jackson Elementary School
Public,PK-61.5mi
3/10
Foothill Elementary School
Public,PK-51.8mi
4/10
Myra Linn Elementary School
Public,K-51.9mi
4/10
Collett Elementary School
Public,PK-52.3mi
3/10
Chemawa Middle School
Public,7-80.7mi
3/10
Wells Middle School
Public,6-82.1mi
6/10
Arizona Middle School
Public,6-82.3mi
5/10
Arlington High School
Public,9-120.6mi
4/10
La Sierra High School
Public,9-122.5mi
4/10
Norte Vista High School
Public,9-123.0mi

Price History

Date
Event
Price
08/06/25
Listing
$471,000
Condition Rating
Poor

Built in 1954, this property is 70 years old and shows no evidence of significant renovations in decades. The MLS description explicitly states it's an 'investor's dream' and a 'renovation project of a lifetime,' indicating extensive work is needed. Images reveal severe disrepair throughout, including a very old, damaged, and outdated kitchen with falling-apart cabinets, and a bathroom with stained, ancient fixtures. Walls are stained, dirty, and show signs of water damage, while ceilings are damaged drop-tile. Flooring is a mix of old, damaged materials or missing entirely. An old wall-mounted AC unit suggests an outdated cooling system. One image even shows exposed studs and missing drywall, pointing to potential structural issues or major rehabilitation needs. The property is clearly not livable in its current state and requires substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Location & Accessibility: Conveniently located near the freeway, extensive shopping (including Tyler Mall), entertainment, and local colleges, offering excellent accessibility and amenities.
Generous Lot Size: Features a 'huge' 8,276 sqft lot, providing ample privacy, a nice-sized front yard, and significant potential for future build-out or expansion, such as an ADU.
Significant Value-Add Potential: Marketed as an 'investor's dream' with 'tons of sweat equity' and a 'renovation project of a lifetime,' offering substantial opportunity for customization and value appreciation.
Family-Friendly Layout: A 'spacious family home' with 4 bedrooms and 2 bathrooms, providing a suitable layout for a growing family.
Established Neighborhood: Nestled in a 'cute neighborhood' within the Riverside Unified high school district, suggesting a stable and desirable community environment.

Cons

Extensive Renovation Required: The property is explicitly presented as needing significant 'sweat equity' and a 'renovation project,' indicating it is not move-in ready and will require substantial investment in upgrades and repairs.
No Direct Garage Access: The large, spacious garage is physically attached but lacks direct interior access to the house, which can be an inconvenience for homeowners.
Age-Related Condition: Built in 1954, the home likely has original systems and finishes that are outdated and will require modernization or replacement, contributing to the overall renovation costs.

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