5874 Olive Avenue, Rialto, California 92377, Rialto, - bed, bath
ACTIVE$518,000
5874 Olive Avenue, Rialto, California 92377
4Beds
2Baths
1,894Sqft
11,760Lot
Year Built
1962
Close
-
List price
$518K
Original List price
$549K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25161590
Home ConditionPoor
Features
View-
About this home
Fantastic opportunity!!! This 4bd 2bth home with 2 living rooms, dining room, breakfast bar and huge backyard is the perfect property to make your own. The mature fruit trees and large yard is a great canvas to turn into an entertainers dream. This home is centrally located in a beautiful neighborhood.
Price History
Date
Event
Price
11/01/25
Price Change
$518,000-3.9%
10/15/25
Price Change
$539,000-1.8%
07/17/25
$549,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (76 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 2 | 3 | 47% |
| Square foot | 1,894 | 1,939 | 48% |
| Lot Size | 11,760 | 8,496 | 82% |
| Price | $518K | $675K | 5% |
| Price per square foot | $273 | $344 | 17% |
| Built year | 1962 | 1988 | 13% |
| HOA | |||
| Days on market | 110 | 168 | 19% |
Condition Rating
Poor
Built in 1962, this property is over 60 years old. The description 'perfect property to make your own' strongly indicates a need for substantial repairs and rehabilitation. Exterior images show signs of deferred maintenance, including a cracked driveway and an unkempt yard. Without interior photos, it's highly probable that the kitchen and bathrooms are original or have very outdated renovations (30-50+ years old), requiring complete modernization and significant investment to meet current quality standards and functionality.
Pros & Cons
Pros
Spacious & Versatile Interior: The home offers a generous layout with 4 bedrooms, 2 bathrooms, two distinct living rooms, a dining room, and a breakfast bar, providing ample and flexible living space for various needs.
Expansive Outdoor Space: A large 11,760 sqft lot, complete with mature fruit trees, presents significant potential for outdoor living, entertaining, gardening, or future expansion.
Desirable Neighborhood Location: Centrally located in a beautiful neighborhood, the property benefits from convenience and community appeal.
Customization & Value-Add Potential: Described as a 'great canvas' and 'perfect property to make your own,' it offers an excellent opportunity for buyers to personalize and add significant value through renovations.
Multiple Functional Areas: The inclusion of two separate living rooms, a dining room, and a breakfast bar caters to diverse family activities and provides distinct zones for relaxation and entertainment.
Cons
Significant Overpricing: The current list price of $518,000 is substantially higher (approximately 25%) than the property's estimated value of $414,387.95, indicating potential overvaluation relative to market comparables.
Age and Implied Renovation Needs: Built in 1962, the property is over 60 years old, suggesting it likely requires considerable updates and renovations to modernize and enhance its appeal, which could be a significant investment.
History of Price Reductions: Multiple price drops from the original $549,000 to the current $518,000 signal market resistance and potential difficulty in attracting buyers at its current price point.