2374 5th Street, Riverside, California 92507, Riverside, - bed, bath
ACTIVE$713,000
2374 5th Street, Riverside, California 92507
4Beds
2Baths
2,215Sqft
7,405Lot
Year Built
1928
Close
-
List price
$713K
Original List price
$713K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25139741
Home ConditionGood
Features
Good View: City Lights
Pool
ViewCity Lights
About this home
DRIVE BY DO NOT DISTURB THE TENANTS! This rehab pool property is a definite opportunity you don’t want to miss! Great investment opportunity with potential option for an additional ADU. In the quaint area within near proximity of Downtown Riverside. The property has a modern lift with all new upgrades such recessed lighting throughout, plumbing, electrical, electrical panel, new windows, new laminate flooring, new kitchen, new bathrooms, new flooring, new doors, new sliding doors, new wood fence, new appliances, new paint, with so much more!!! Spacious back yard for parking and entertaining.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (125 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 2,215 | 1,741 | 74% |
| Lot Size | 7,405 | 7,880 | 45% |
| Price | $713K | $650K | 70% |
| Price per square foot | $322 | $365 | 37% |
| Built year | 1928 | 9905992 | 11% |
| HOA | |||
| Days on market | 137 | 173 | 29% |
Condition Rating
Good
The property was built in 1928 but has undergone extensive renovations including new kitchen, bathrooms, flooring, plumbing, electrical, and appliances. This suggests that while the original structure is old, the key components have been updated to modern standards, making it move-in ready with minimal wear and tear.
Pros & Cons
Pros
Extensive Renovation: The property has undergone a comprehensive renovation, including new plumbing, electrical systems, kitchen, bathrooms, flooring, and more, minimizing immediate maintenance concerns.
ADU Potential: The property offers the potential for an additional Accessory Dwelling Unit (ADU), increasing its value and rental income possibilities.
Pool Property: The property features a pool, a desirable amenity that enhances its appeal, especially in the Riverside climate.
Prime Location: Located near Downtown Riverside, the property benefits from proximity to amenities, entertainment, and employment opportunities.
City Lights View: The property offers a City Lights view, adding to its aesthetic appeal and market value.
Cons
Tenant Occupied: The property is currently tenant-occupied, potentially limiting immediate access for showings and requiring adherence to tenant rights during the sale process.
Rehab Property: Despite renovations, the listing highlights it as a 'rehab pool property', which may deter some buyers concerned about potential hidden issues or future repairs.
Drive-By Only: The listing specifies 'Drive By Do Not Disturb The Tenants!', which restricts potential buyers from thoroughly inspecting the interior before making an offer.