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2855 Mulberry St, Riverside, California 92501, Riverside, 92501 - 4 bed, 3 bath

2855 Mulberry St, Riverside, California 92501 home-pic-0
ACTIVE$644,000
2855 Mulberry St, Riverside, California 92501
4Beds
3Baths
1,539Sqft
10,944Lot
Year Built
1910
Close
-
List price
$644K
Original List price
$679K
Price/Sqft
$418
HOA
-
Days on market
-
Sold On
-
MLS number
IV25219801
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s), Neighborhood, Panoramic, Trees/Woods
Patio
ViewCity Lights,Mountain(s),Neighborhood,Panoramic,Trees/Woods

About this home

We found 3 Cons,6 Pros. Rank: price - $644.0K(63th), sqft - 1539(51th), beds - 4(65th), baths - 3(69th).

Fully Renovated Property on Two Legal Parcels with Exceptional Business Potential. This turn-key property sits on two legal parcels totaling 10,920 sq ft and can be sold together or separately, though the true value is in the combined offering. With extensive renovations throughout—new kitchen, bathrooms, flooring, windows, lighting, new plumbing and HVAC, exterior paint, fencing, and landscape/irrigation—this property looks and feels brand new. Featuring an open 9-ft ceiling floor plan, dual-zone HVAC, LED lighting, modern finishes, a spacious two-car garage with MyQ opener, an electric security gate, and fully fenced grounds, the property is ideal for residential, business, or mixed commercial use. The new permitted 4” sewer line supports future expansion or the addition of an ADU. Perfect for an owner-user, business operator, or investor seeking a secure, modern, multi-functional space with excellent long-term potential.

Price History

Date
Event
Price
11/06/25
Price Change
$644,000-3.7%
10/25/25
Price Change
$669,000-1.5%
10/24/25
Price Change
$679,000-1.5%
10/02/25
Price Change
$689,000
10/01/25
Listing
$679,000
Condition Rating
Excellent
Despite being built in 1910, the property has undergone extensive, turn-key renovations, including a new kitchen with modern white shaker cabinets, quartz countertops, subway tile backsplash, and new stainless steel appliances. The bathrooms feature modern vanities, fixtures, and tiled walk-in showers. New flooring, recessed LED lighting, new windows, plumbing, and dual-zone HVAC systems have been installed, making the property feel and function like a newly built home with all components meeting current quality standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10944, living area = 1539.
Extensive Renovation: The property has undergone extensive, turn-key renovations including new kitchen, bathrooms, flooring, windows, plumbing, HVAC, exterior paint, fencing, and landscaping, making it feel brand new and reducing immediate buyer expenses.
Dual Legal Parcels & Large Lot: Situated on two legal parcels totaling 10,920 sq ft, offering flexibility for future development, separate sale potential, or enhanced privacy and space.
Versatile Use Potential: Ideal for residential, business, or mixed commercial use, appealing to a broad range of owner-users, business operators, or investors seeking a multi-functional space.
Modern Upgrades & Security: Features an open 9-ft ceiling floor plan, dual-zone HVAC, LED lighting, modern finishes, a spacious two-car garage with MyQ opener, an electric security gate, and fully fenced grounds, enhancing comfort and security.
Future Expansion Capability: A new permitted 4” sewer line supports future expansion or the addition of an Accessory Dwelling Unit (ADU), adding significant long-term value and income potential.

Cons

Original Construction Year: Despite extensive renovations, the property's original build year of 1910 could raise concerns for some buyers regarding the underlying structure's age, potential unforeseen issues, or higher insurance premiums.
Significant Price Reductions: The property has seen multiple price reductions from its original listing price, which may suggest an initial overvaluation or difficulty in attracting buyers, potentially signaling market resistance.
Mixed-Use Focus May Limit Residential Appeal: The strong emphasis on business and mixed commercial use in the description might deter purely residential buyers seeking a traditional family home, potentially narrowing the target buyer pool.

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