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3395 Franklin Avenue, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath

3395 Franklin Avenue, Riverside, California 92507 home-pic-0
ACTIVE$525,000
3395 Franklin Avenue, Riverside, California 92507
3Beds
2Baths
1,297Sqft
5,663Lot

Price Vs. Estimate

The estimated value ($525,000) is $0 (0%) lower than the list price ($525,000). This property may be overpriced.

Key pros and cons

Top Pros:
Turnkey & Extensive Renovations: The home has undergone comprehensive recent renovations including new paint, a remodeled kitchen, updated windows, central A/C, new flooring, and a replaced roof, making it move-in ready.
Top Cons:
Historic Property Maintenance: Despite extensive renovations, the 1903 build year may still present unique maintenance considerations or unforeseen issues associated with older homes.

Compared to the nearby listings

Price:$525.0K vs avg $650.0K ($-125,000)12%
Size:1,297 sqft vs avg 1,854 sqft16%
Price/sqft:$405 vs avg $36465%

More Insights

Built in 1903 (122 years old).
Condition: Despite being built in 1903, the property has undergone extensive and recent renovations, as explicitly stated in the description. This includes an entirely remodeled kitchen with new cabinets, granite countertops, and recessed lighting, completely renovated bathrooms, new interior and exterior paint, updated windows, new tile and laminate flooring throughout, central A/C, a replaced roof, and foundation work. The images confirm the fresh, updated appearance of these areas. While the kitchen range appears older and some light fixtures are basic, the sheer scope of the recent upgrades brings the property to a 'virtually new' condition, meeting current quality standards with minimal physical depreciation.
Year Built
1903
Close
-
List price
$525K
Original List price
$525K
Price/Sqft
$405
HOA
-
Days on market
-
Sold On
-
MLS number
SR25144363
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Welcome to a historic and large corner turnkey home, centrally located minutes from Downtown Riverside, the University of California Riverside (UCR), Riverside Community College (RCC), and the Iconic Mission Inn. This vintage one-story 3 bedroom and 2 bath gated home has a large corner lot with excellent curb appeal. Many renovations bring the best of this house's past and present. It includes new paint interior & exterior, an entirely remodeled kitchen with a walk-in pantry, and recessed lighting. The entire home has been completely renovated with tile, updated windows, and a central A/C. The exterior area presents a new patio backyard, reconstructed porch, a newly installed asphalt driveway, and foundation. The home's roof has been replaced to last for many years to come. The detached garage and storage shed holds great rental earnings potential as an investment opportunity. It can be converted to a secondary residential Accessory Dwelling Unit (ADU) ie. studio. This traditional home's key features with its large lot and easy access to major freeways, the Metrolink, schools, shops, dining, and more creates a perfect space for multigenerational living.

Condition Rating
Excellent
Despite being built in 1903, the property has undergone extensive and recent renovations, as explicitly stated in the description. This includes an entirely remodeled kitchen with new cabinets, granite countertops, and recessed lighting, completely renovated bathrooms, new interior and exterior paint, updated windows, new tile and laminate flooring throughout, central A/C, a replaced roof, and foundation work. The images confirm the fresh, updated appearance of these areas. While the kitchen range appears older and some light fixtures are basic, the sheer scope of the recent upgrades brings the property to a 'virtually new' condition, meeting current quality standards with minimal physical depreciation.
Pros & Cons

Pros

Turnkey & Extensive Renovations: The home has undergone comprehensive recent renovations including new paint, a remodeled kitchen, updated windows, central A/C, new flooring, and a replaced roof, making it move-in ready.
Prime Central Location: Strategically located minutes from Downtown Riverside, UCR, RCC, and the iconic Mission Inn, offering unparalleled convenience and access to key city attractions and institutions.
Significant ADU Potential: A detached garage and storage shed present a clear opportunity for conversion into an Accessory Dwelling Unit (ADU), offering substantial rental income or flexible living arrangements.
Desirable Corner Lot & Curb Appeal: Situated on a large, gated corner lot with excellent curb appeal, providing enhanced privacy, outdoor space, and a strong first impression.
Exceptional Accessibility: Benefits from easy access to major freeways, Metrolink, schools, shops, and dining, catering to a convenient and connected lifestyle.

Cons

Historic Property Maintenance: Despite extensive renovations, the 1903 build year may still present unique maintenance considerations or unforeseen issues associated with older homes.
Modest Interior Square Footage: With 1297 sqft, the interior living space might be considered modest for some buyers, especially those seeking more expansive indoor areas.
Unrealized ADU Potential: While offering ADU potential, the conversion is not complete, meaning the buyer would incur additional costs, time, and effort to realize this investment opportunity.

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