5834 Norman Way, Riverside, California 92504, Riverside, - bed, bath

home-pic
ACTIVE$810,000
5834 Norman Way, Riverside, California 92504
5Beds
3Baths
1,909Sqft
7,405Lot
Year Built
1984
Close
-
List price
$810K
Original List price
$830K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
HD25045398
Home ConditionFair
Features
Patio
View-

About this home

Welcome to 5834 Norman Way. Two homes on one lot! This residence is tucked away on a peaceful cul-de-sac located in the heart of Riverside. Perfect income property! Rent both houses or live in one and rent the other! The main home features three bedrooms and two bathrooms; upon entering, you will appreciate the spacious family room, centered around the warm brick fireplace and dining area; the kitchen features granite countertops and tile floors throughout the home, and the new carpet in all three bedrooms. The second home is under 700 sq. ft., with two bedrooms, one bath, a living area, a kitchen, and an outdoor laundry room. Each house has its own electrical meter. It is a great investment property. It is conveniently located just minutes away from schools, shopping centers, restaurants, and close to major freeways. Don’t miss this unique property, which combines flexibility and investment potential—schedule your tour today!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (191 Listings)
Beds53
82%
Baths32
65%
Square foot1,9091,603
67%
Lot Size7,4059,148
25%
Price$810K$633K
72%
Price per square foot$424$412
55%
Built year19849795980
70%
HOA
Days on market249154
89%
Condition Rating
Fair

The property was built in 1984. The kitchen has granite countertops but the cabinets and appliances appear dated. The bathrooms have granite countertops but the fixtures and overall style are outdated. The carpet in the bedrooms is new, but other flooring appears aged. Overall, the property seems maintained but requires some updates to bring it to modern standards.
Pros & Cons

Pros

Income Potential: Two homes on one lot provide excellent income potential through renting both properties or living in one and renting the other.
Location: Conveniently located near schools, shopping centers, restaurants, and major freeways, enhancing its desirability.
Cul-de-sac Location: Situated on a peaceful cul-de-sac, offering a quieter and safer environment.
Granite Countertops: The main home features granite countertops in the kitchen, adding a touch of luxury and durability.
Separate Electrical Meters: Each house has its own electrical meter, simplifying utility management for tenants or owners.

Cons

Year Built: Built in 1984, the property may require updates to meet modern standards and preferences.
Smaller Second Home: The second home is under 700 sq. ft., which may limit its appeal to some renters or buyers.
No Specific Upgrades Mentioned for Second Home: The description focuses on upgrades to the main home, suggesting the second home may need more attention or updates.

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