5893 Grand Avenue, Riverside, California 92504, Riverside, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$1,600,000
5893 Grand Avenue, Riverside, California 92504
3Beds
1Bath
1,800Sqft
61,855Lot
Year Built
1926
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25231469
Home ConditionFair
Features
View-

About this home

Developers Delight. Riverside is a charming area known for it orange groves and nature other cities don't have. This property backs up to the Santa Ana River bottom where a stream runs through it and is wonderful for walking with you dogs. It is also a bicyclers dream to be able to ride all the way to Newport Beach on a paved trail for them there. The Riverside Plaza is close with grocery stores - restaurants - clothing stores and a movie theatre. Walking distance to a grammar school. Where else can you live with all this and some openness? The home on the property is in great shape - recently redone so being sold as is. According to seller, Riverside's Building and Planning division the new senate Bill Code 1123- chapter 294. This property could be 8 parcels - 2 homes and 2 ADU can be built on each parcel. The property is on the corner of Grand and Park Cliff. Because of the shortage of homes in this area they are allowing more homes to be built on smaller lots. Many possibilities here in this great location near nature and all your needs. Riverside feels more like a small city with all its orange groves to cruse though and close to the river bottom. Downtown Riverside is like stepping back into the 1800s with the Mission Inn and wonderful old homes all near Mount Rubidoux with its 4 mile walking trail. The first Easter sunrise service took place there. Buyer to verify seller's information. Must come and visit us. Enjoy! .

Nearby schools

4/10
Mountain View Elementary School
Public,PK-60.5mi
4/10
Sierra Middle School
Public,7-80.8mi
2/10
Central Middle School
Public,7-81.6mi
5/10
Ramona High School
Public,9-121.8mi
7/10
Polytechnic High School
Public,9-122.5mi

Price History

Date
Event
Price
10/02/25
Listing
$1,600,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (192 Listings)
Beds33
50%
Baths12
16%
Square foot1,8001,606
62%
Lot Size61,8559,148
90%
Price$1.6M$635K
93%
Price per square foot$889$412
99%
Built year19261959
4%
HOA
Days on market34153
1%
Condition Rating
Fair

The property was built in 1926, making it nearly 100 years old. While the listing description states the home is 'in great shape' and 'recently redone,' there are no interior images provided to assess the quality, style, or extent of these renovations, particularly for key areas like the kitchen and bathrooms. The single exterior image is distant and shows an unkempt yard, offering no further insight into the house's condition. Given the significant age and the lack of verifiable details or visual evidence of a comprehensive, modern renovation, the property likely functions but may still feature outdated styles or components, or the 'recent' renovation was not extensive enough to meet 'Good' or 'Excellent' standards. The 'as is' sale also suggests potential underlying issues or a renovation that wasn't fully up to modern expectations.
Pros & Cons

Pros

Exceptional Development Potential: Designated as a 'Developers Delight,' the property's large lot and favorable zoning under Senate Bill Code 1123- chapter 294 allow for significant subdivision into 8 parcels, with the potential to build 2 homes and 2 ADUs on each, addressing the local housing shortage.
Expansive Lot Size: Boasting a substantial lot size of 61,855 sqft (approximately 1.42 acres), this property offers ample space for the described multi-unit development or a private estate.
Abundant Natural & Recreational Amenities: The property backs directly onto the Santa Ana River bottom with a stream, offering direct access to walking and biking trails that extend all the way to Newport Beach, and is surrounded by charming orange groves.
Prime Location & Convenience: Situated on a corner lot, the property is conveniently located near Riverside Plaza for shopping, dining, and entertainment, and is within walking distance to a grammar school, enhancing its appeal for families.
Well-Maintained Existing Home: The current 3-bedroom, 1-bath home is described as being 'in great shape' and 'recently redone,' providing immediate livability or rental income potential while development plans are pursued.

Cons

As-Is Condition Sale: The property is being sold 'as-is,' which may imply that the buyer will be responsible for any unforeseen repairs, upgrades, or code compliance issues, despite the existing home being recently redone.
Limited Bathroom Count: The existing 3-bedroom home features only 1 bathroom, which is a significant drawback for modern living standards and could be a deterrent for potential occupants or renters.
Lack of Views: Despite its proximity to natural features like the river bottom and orange groves, the property explicitly states 'None' for views, potentially missing an opportunity to capitalize on its scenic surroundings.

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