541 Prospect Avenue, Riverside, California 92507, Riverside, - bed, bath
PENDING$350,000
541 Prospect Avenue, Riverside, California 92507
2Beds
1Bath
780Sqft
6,098Lot
Year Built
1939
Close
-
List price
$350K
Original List price
$350K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25243719
Home ConditionPoor
Features
Patio
View-
About this home
Affordable handyman's dream in the heart of the Highgrove area of Riverside. Bring your paintbrush and your creativity to this cute little 2 bedroom 1 bath home. Wall heat and wall A/C. Large lot with lots room for growth. Has Carport and lots of parking on site. Lot is rectangular so note there is old cross fencing that could be removed. Seller is selling AS-IS, and will be doing no repairs. This opportunity at this price won't last. Get started now on your piece of the American dream!
Price History
Date
Event
Price
10/20/25
Listing
$350,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (125 Listings) | |
|---|---|---|---|
| Beds | 2 | 4 | 4% |
| Baths | 1 | 2 | 6% |
| Square foot | 780 | 1,732 | 1% |
| Lot Size | 6,098 | 7,880 | 22% |
| Price | $350K | $650K | 2% |
| Price per square foot | $449 | $366.5 | 82% |
| Built year | 1939 | 9905992 | 12% |
| HOA | |||
| Days on market | 16 | 173 | 1% |
Condition Rating
Poor
Built in 1939, this property is explicitly marketed as an 'affordable handyman's dream' and sold 'AS-IS' with 'no repairs,' indicating a need for substantial rehabilitation. The images reveal stained and dirty carpets, worn walls, outdated wall heating and A/C units, and generally neglected interiors. While the bathroom has a basic, newer vanity, the overall condition of the kitchen (not fully visible but implied by the rest of the house) and bathroom is very dated and requires a complete overhaul. Major systems are likely at the end of their lifespan, and the property would be uncomfortable to live in its current state, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Affordable Entry Point: Described as an 'affordable handyman's dream' and an 'opportunity at this price won't last,' suggesting a competitive price for market entry, especially for those willing to invest sweat equity.
Significant Lot Size & Growth Potential: The 'large lot with lots room for growth' offers excellent potential for future expansion of the home, adding additional structures, or extensive landscaping.
Value-Add Opportunity: Explicitly positioned as a 'handyman's dream,' this property presents a clear opportunity for buyers to invest in renovations and significantly increase its market value.
Ample Parking & Carport: The property includes a carport and 'lots of parking on site,' providing practical convenience and value, especially in areas where parking can be a premium.
Established Location: Situated 'in the heart of the Highgrove area of Riverside,' indicating a potentially desirable or well-known local community with established infrastructure.
Cons
As-Is Condition & Required Investment: The property is explicitly sold 'AS-IS' with 'no repairs,' meaning the buyer must be prepared for immediate and potentially substantial financial investment for necessary renovations and upgrades.
Outdated Systems & Age: Built in 1939 and featuring 'wall heat and wall A/C,' the home likely has outdated systems and infrastructure that will require modernization for improved efficiency and comfort.
Limited Interior Space: At 780 sqft, the home offers a relatively small interior living area, which may be a constraint for buyers seeking more spacious accommodations or future expansion within the existing footprint.