4043 Dwight Avenue, Riverside, California 92507, Riverside, - bed, bath

home-pic
ACTIVE$589,900
4043 Dwight Avenue, Riverside, California 92507
0Bed
0Bath
1,273Sqft
6,098Lot
Year Built
1943
Close
-
List price
$590K
Original List price
$590K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25171167
Home ConditionPoor
Features
View-

About this home

Fantastic Investment Opportunity Near UCR! Whether you're looking for student housing or a long-term investment, this duplex is a smart move. Located just minutes from the University of California, Riverside, this property offers convenience and potential. With a Walk Score of 75, you can leave the car behind—shops, dining, and entertainment are all nearby. Plus, the area is experiencing exciting development and growth. The front unit features recent upgrades including modern flooring and kitchen finishes, and will be delivered vacant at close of escrow—perfect for owner-occupants or new tenants. The back unit is currently on a month-to-month lease and has not been updated, offering room for added value. Each unit is equipped with split AC/heating systems for energy-efficient comfort. A detached 2-car garage presents a unique opportunity—buyer to verify the possibility of converting it into a third unit (ADU). Don’t miss this rare chance to own in one of Riverside’s most walkable and up-and-coming neighborhoods!

Price History

Date
Event
Price
07/30/25
$589,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (5 Listings)
Beds00
Baths00
Square foot1,2731,273
50%
Lot Size6,0986,098
50%
Price$590K$595K
33%
Price per square foot$463$448.5
50%
Built year19439715972
67%
HOA
Days on market99221
17%
Condition Rating
Poor

This property, built in 1943, is a duplex with highly disparate conditions between its two units. While the front unit boasts 'recent upgrades including modern flooring and kitchen finishes' (as seen with white shaker cabinets and new countertops), the back unit 'has not been updated' and appears to be in very poor condition, requiring substantial repairs and rehabilitation. Images of the un-updated bathroom show very basic, dated fixtures and an old-style aesthetic, while another interior shot reveals worn carpet and general disarray. Although split AC/heating systems are a positive modern update, the overall age of the structure and the significant work needed on half of the property pull the overall condition down to 'Poor'. The property's value is significantly impacted by the need for extensive renovation in the un-updated unit.
Pros & Cons

Pros

Investment Opportunity: This duplex is explicitly marketed as a 'Fantastic Investment Opportunity' ideal for student housing near UCR or long-term income, offering dual rental streams.
Prime Location: Located just minutes from the University of California, Riverside, with a high Walk Score of 75, providing convenient access to shops, dining, and entertainment in a walkable, up-and-coming neighborhood.
Value-Add Potential: Significant upside potential with an un-updated back unit offering room for renovation and a detached 2-car garage that may be convertible into a third unit (ADU).
Vacant & Updated Front Unit: The front unit features recent upgrades (modern flooring, kitchen finishes) and will be delivered vacant, allowing for immediate owner-occupancy or new tenant placement.
Energy Efficiency: Each unit is equipped with energy-efficient split AC/heating systems, a modern amenity that enhances tenant comfort and reduces utility costs.

Cons

Age of Property: Built in 1943, the property's age may imply potential for older infrastructure (plumbing, electrical) that could require future maintenance or upgrades beyond the noted cosmetic improvements.
Un-updated Back Unit: The back unit has not been updated and is on a month-to-month lease, requiring immediate investment for renovation to maximize its rental value and appeal.
ADU Conversion Uncertainty: The possibility of converting the detached garage into a third unit (ADU) requires buyer verification, indicating potential regulatory hurdles, additional costs, and no guarantee of approval.

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