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9460 Garfield, Riverside, California 92503, Riverside, 92503 - bed, bath

9460 Garfield, Riverside, California 92503 home-pic-0
ACTIVE$1,300,000
9460 Garfield, Riverside, California 92503
0Bed
0Bath
27,380Sqft
27,380Lot
Year Built
1977
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$47
HOA
-
Days on market
-
Sold On
-
MLS number
PW25253376
Home ConditionFair
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.30M(96th), sqft - 27380(100th), beds - undefined(1th), baths - undefined(1th).

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 ADU plans for approx. 1,170 sq. ft. are currently in review with the Planning Department. A soil test was performed at this property and submitted to the city with tentative ADU drawings. 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!

Nearby schools

4/10
Liberty Elementary School
Public,•PK-6•0.2mi
4/10
Jackson Elementary School
Public,•PK-6•0.9mi
3/10
Foothill Elementary School
Public,•PK-5•1.1mi
4/10
Myra Linn Elementary School
Public,•K-5•1.4mi
4/10
Collett Elementary School
Public,•PK-5•1.9mi
3/10
Chemawa Middle School
Public,•7-8•0.8mi
3/10
Wells Middle School
Public,•6-8•1.4mi
6/10
Arizona Middle School
Public,•6-8•2.4mi
5/10
Arlington High School
Public,•9-12•1.3mi
4/10
La Sierra High School
Public,•9-12•2.1mi
4/10
Norte Vista High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
11/09/25
Listing
$1,300,000
08/19/05
Sold
$370,000
Condition Rating
Fair
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.
Pros & Cons

Pros

Exceptional Development Potential: 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.
Multiple Income-Generating Units: 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.
Permitted Upgrades & Advanced Plans: 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.
Prime & Convenient Location: Located within walking distance to parks, schools (including highly-rated ones), and shopping, with excellent freeway access (0.5 miles from the 91 freeway), enhancing desirability and future value.
Large Combined Lot Size: The substantial combined lot size of over 27,000 sq. ft. across two parcels provides ample space for current structures and significant future expansion or development.

Cons

MLS Listing Discrepancy: 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.
As-Is Sale Condition: 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.
Tenant Occupancy & Access Limitations: 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.
Incomplete/Pending Development Projects: While offering great potential, the detached garage conversion is 'in process' and ADU plans are 'in review,' meaning the buyer will inherit ongoing projects and associated risks/costs for completion and final approval.

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