9460 Garfield, Riverside, California 92503, Riverside, 92503 - 0 bed, 0 bath
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Riverside, California 92503
Analysis of 9460 Garfield, Riverside, California 92503 is currently available with a list price of $1,199,000. 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.
Property is moderate renovation needed.
The property was built in 1977, making it 47 years old. While the description states the main home is 'remodeled' with city permits, no specific date for this renovation is provided, nor are there any interior images to assess the condition, style, or features of the kitchen, bathrooms, appliances, flooring, or fixtures. The exterior images show older homes consistent with the build year, not a recently modernized appearance. The property is being sold 'As-Is' and is tenant-occupied, which typically implies that a buyer should anticipate minor updates or repairs, and that the current condition may not be pristine or fully updated to modern standards. Major components are likely functional but may show signs of being outdated. The lack of interior details and the 'As-Is' clause prevent a 'Good' rating, despite the mention of a remodel.
Two adjacent parcels totaling over 27,000 sq. ft. with RUC (Residential Use Commercial) zoning, offering significant mixed-use development opportunities in a rapidly revitalizing area.
Includes a remodeled 4-bed/3-bath main home, a studio 1-bath home, and a detached garage being converted to living space with permits, plus advanced ADU plans for an additional 1,170 sq. ft. unit, providing immediate and future rental income potential.
The main home is remodeled with city permits, the garage conversion is permitted and in process, and ADU plans are advanced with soil tests completed and submitted, reducing future development hurdles.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =27380, other record lot size in square feet = 8712. Living area discrepancy between mls listing and other public or private record. mls listing living area = 27380, other record living area = 1648.
The property is being sold 'As-Is,' which implies potential for undisclosed issues or required repairs/upgrades, shifting the responsibility and risk to the buyer.
Currently tenant-occupied, which restricts immediate physical access for thorough inspections and requires adherence to tenant rights, potentially complicating or delaying possession and future plans.
Investors and Developer Opportunity! Two adjacent Riverside properties offering over 27,000 sq.ft. of combined lot space and incredible development potential in a rapidly revitalizing area. Two Parcels on One Lot: 191-311-028 & 191-311-042. The property at 9460 Garfield St. features a remodeled 4-bedroom, 3-bath home (approx. 1,648 sq. ft.) completed with city permits, plus a detached garage (576sq.ft)remodeled with sewer line (one toilet), gas line (water heater), electricity with city permits approved, this garage currently in the process of being converted to a garage conversion (living space). The property at 9450 Garfield St. includes a studio 1-bath home, and construction of an ADU (approx. 1,170 sq. ft.) has been approved by the Planning Department. A soil test was performed at this property and submitted to the city with tentative ADU drawings. Construction Drawings for ADU are in the Building and Safety Department. Both properties are zoned Residential Use Commercial (mixed potential) and will be sold together, As-Is. Currently tenant-occupied. Please do not disturb occupants. Located within walking distance to parks, schools, and shopping, and approximately 0.5 miles from the 91 freeway, this location combines convenience with promising growth potential. Act fast, prime development potential in one of Riverside’s most promising areas!
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades PK-6 • 0.9 mi
Grades PK-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 0% |
| Baths | 0.0 | 2.0 | 0% |
| Square foot | 27,380 | 1,642 | 100% |
| Lot Size | 27,380 | 7,841 | 95% |
| Price | $1.20M | $662.5K | 95% |
| Price per sq ft | $44 | $390 | 0% |
| Built year | 1977 | 1986 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 164 | 180 | 39% |
Apr 17, 2026
$1,199,000
$1,300,000
-8% Price Drop
Initial Listing
Nov 9, 2025
$1,300,000
Initial Listing
Aug 19, 2005
$370,000
Public Record