957 Center Street, Riverside, California 92507, Riverside, 92507 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$210,000
957 Center Street, Riverside, California 92507
2Beds
1Bath
592Sqft
2,614Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
ADU Conversion Potential: The existing second structure with a loft and workshop offers a clear and valuable opportunity for an Accessory Dwelling Unit, enhancing property value and income potential.
Top Cons:
Significant Renovation Required: The property is a 'Fixer Opportunity' with a 'framework of the previous kitchen,' indicating extensive and costly renovations are necessary to make it fully habitable and modern.
Compared to the nearby listings
Price:$210.0K vs avg $650.0K ($-440,000)1%
Size:592 sqft vs avg 1,854 sqft1%
Price/sqft:$355 vs avg $35849%
More Insights
Built in 1940 (85 years old).
Condition: The property, built in 1940, is explicitly a 'Fixer Opportunity' and is in a state of extreme disrepair. The kitchen is described as only the 'framework,' and images confirm it is non-functional with damaged cabinets and no appliances. The bathroom is severely outdated, dirty, and requires a complete overhaul. The entire property shows significant neglect, with damaged walls, boarded windows, exposed wiring, and general dilapidation, making it unsafe and uncomfortable to live in its current state. It requires substantial repairs and rehabilitation of all major systems and finishes.
Year Built
1940
Close
-
List price
$210K
Original List price
$210K
Price/Sqft
$355
HOA
-
Days on market
-
Sold On
-
MLS number
IV25240856
Home ConditionPoor
Features
Patio
View-
About this home
"Fixer Opportunity" The primary structure is 592 square feet with 1 bedroom, 1 bathroom, common areas and the framework of the previous kitchen. A second garage structure at the rear of the parcel offers a loft and workshop/storage area. Perhaps this could be an ADU conversion opportunity? An exterior courtyard marries the two structures on the .06 acre lot.
Condition Rating
Poor
The property, built in 1940, is explicitly a 'Fixer Opportunity' and is in a state of extreme disrepair. The kitchen is described as only the 'framework,' and images confirm it is non-functional with damaged cabinets and no appliances. The bathroom is severely outdated, dirty, and requires a complete overhaul. The entire property shows significant neglect, with damaged walls, boarded windows, exposed wiring, and general dilapidation, making it unsafe and uncomfortable to live in its current state. It requires substantial repairs and rehabilitation of all major systems and finishes.
Pros & Cons
Pros
ADU Conversion Potential: The existing second structure with a loft and workshop offers a clear and valuable opportunity for an Accessory Dwelling Unit, enhancing property value and income potential.
Attractive Price Point: Listed at $210,000, it represents a highly accessible entry into the California real estate market, appealing to investors and budget-conscious buyers.
Value-Add Investment: Explicitly marketed as a 'Fixer Opportunity,' it's ideal for buyers seeking to customize, renovate, and significantly increase equity through improvements.
Flexible Dual Structure Layout: The separate main house and garage structure, connected by a courtyard, provide versatility for living, working, or potential rental configurations.
Dedicated Outdoor Courtyard: The exterior courtyard offers a private outdoor living space, a desirable amenity that enhances the property's appeal despite the small lot size.
Cons
Significant Renovation Required: The property is a 'Fixer Opportunity' with a 'framework of the previous kitchen,' indicating extensive and costly renovations are necessary to make it fully habitable and modern.
Limited Primary Living Space: The main structure is only 592 square feet with 1 bedroom, which is very compact and may not meet the needs of many prospective buyers without substantial expansion.
Advanced Age & Potential System Issues: Built in 1940, the property is likely to have outdated infrastructure (plumbing, electrical, HVAC) and potential structural concerns, leading to unpredictable repair expenses.