4940 Rose Avenue, Riverside, California 92505, Riverside, 92505 - bed, bath
ACTIVE$674,900
4940 Rose Avenue, Riverside, California 92505
0Bed
0Bath
1,520Sqft
7,405Lot
Year Built
1949
Close
-
List price
$675K
Original List price
$699K
Price/Sqft
$444
HOA
-
Days on market
-
Sold On
-
MLS number
IG25037580
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 60% below the list price. We found 3 Cons,6 Pros. Rank: price - $674.9K(68th), sqft - 1520(51th), beds - undefined(1th), baths - undefined(1th).
Great location! Look at these two houses on one lot, live in one and rent out the other! The front house has 2 bedrooms and 1 bathroom, and the second house is 1 bedroom and 1 bathroom. Remolded kitchen on the front house, original wood floors, living room, and dining. The property grounds have spacious front and backyards, and block/iron fencing for added security. Walking distance to shopping centers including a Stater Bros Markets , La Sierra University, and Riverwalk pathways to La Sierra Market place and Oasis Deli. Other attractions near by, a recreational La Sierra Park, restaurants, and well-known Steak house Anchos Southwest Grill & Bar.
Nearby schools
4/10
Collett Elementary School
Public,•PK-5•0.8mi
3/10
Valley View Elementary School
Public,•K-5•0.9mi
4/10
Twinhill Elementary School
Public,•K-5•1.0mi
5/10
S. Christa Mcauliffe Elementary School
Public,•K-5•1.0mi
3/10
Phillip M. Stokoe Elementary School
Public,•PK-5•1.0mi
4/10
Myra Linn Elementary School
Public,•K-5•1.1mi
2/10
La Granada Elementary School
Public,•PK-5•1.2mi
7/10
Promenade Elementary School
Public,•PK-5•2.1mi
4/10
Liberty Elementary School
Public,•PK-6•2.4mi
3/10
Wells Middle School
Public,•6-8•1.5mi
4/10
Loma Vista Middle School
Public,•6-8•1.8mi
6/10
Arizona Middle School
Public,•6-8•2.4mi
5/10
Ysmael Villegas Middle School
Public,•6-8•2.5mi
3/10
Chemawa Middle School
Public,•7-8•3.3mi
4/10
La Sierra High School
Public,•9-12•0.7mi
6/10
Hillcrest High School
Public,•9-12•2.0mi
4/10
Norte Vista High School
Public,•9-12•2.4mi
5/10
Arlington High School
Public,•9-12•3.6mi
Condition Rating
Fair
The property was built in 1949, making it an older home. While the front house features a remodeled kitchen with modern cabinets, countertops, and fixtures, and the bathroom also appears updated, the description only mentions these specific renovations. The presence of 'original wood floors' suggests that not all elements have been extensively updated. Given the age of the property, it's likely that major systems (e.g., plumbing, electrical, HVAC, roof) are older and may show signs of being outdated or nearing the end of their expected lifespan, even if currently functional. The property appears well-maintained in the visible areas, but it doesn't meet the criteria for 'Good' which typically implies more extensive recent renovations across the entire property or a newer build year.
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 = 7405, living area = 1520.
Dual-Unit Income Potential: The property features two separate houses on one lot (2 bed/1 bath and 1 bed/1 bath), offering significant potential for rental income or multi-generational living arrangements.
Excellent Walkable Location: Situated within walking distance to La Sierra University, shopping centers including Stater Bros Markets, Riverwalk pathways, La Sierra Park, and various restaurants, enhancing convenience and lifestyle.
Updated Front House Kitchen: The front house benefits from a remodeled kitchen, providing a modern and functional space for cooking and entertaining.
Spacious & Secure Grounds: Features generous front and backyards, complemented by block and iron fencing for added security and privacy.
Original Character Features: The front house retains original wood floors, adding character and charm that can appeal to buyers appreciating classic architectural elements.
Cons
Advanced Age of Construction: Built in 1949, the property's age suggests potential for outdated systems (e.g., plumbing, electrical, HVAC) and higher ongoing maintenance or renovation costs compared to newer homes.
Significant Valuation Discrepancy: The provided property estimation is substantially lower than the listing price, indicating a potential overvaluation or a challenge in accurately assessing the property's market value, which could impact buyer perception and financing.
Limited Individual Unit Size: While offering two units, the individual configurations (2 bed/1 bath and 1 bed/1 bath) might be considered small for some buyer segments, particularly families seeking more spacious living areas.