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4519 Grove Ave, Riverside, CA 92507

Sale Price: $470,000
Jan 6, 20251,643 sqft3 beds1 baths
Listed by: Yolanda Gomez
License #: 02160279
Phone #: 951-751-6801
Westcoe Realtors, Inc.
Source:
CRMLS Logo
MLS #: IG24254286

Property Description

Calling All Investors! This property is a fantastic investment opportunity, bursting with potential and versatility. Officially recorded as a 3 bedroom, 1 bathroom home, it has been thoughtfully reconfigured into two distinct living spaces, each with its own address. The primary unit features 3 bedrooms and 1 bathroom, while the secondary unit offers 1 bedroom and 1 bathroom. Both units include individual kitchens and private entrances, making this property ideal for generating rental income. Situated on a spacious oversized lot, the property offers plenty of room for customization or expansion to meet your vision. While the property requires significant repairs, its prime location near UC Riverside, parks, golf courses, schools, shopping centers, and entertainment venues adds immense value. It is also conveniently close to the Mission Inn, Riverside Community Hospital, Riverside City College, Metrolink, and major highways. Don’t miss this exciting opportunity to create your ideal space or maximize its potential as an income producing investment!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$6,666

TurboHome Estimated Value

$487,200

$297 sqft

High Valuation
$511,560
$311/sqft
Normal Valuation
$487,200
$297/sqft
Low Valuation
$462,840
$282/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$297/sqft$487,200

Neighborhood: Eastside

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Comparative Value

$470K

$525K

$550K

$558K

$600K

4519 Grove Ave, Riverside, CA 92507

Sale Price: $470,000

Selected Comparable

2855 Cridge St, Riverside, CA 92507

Sale Price: $525,000

Selected Comparable

4519 Grove Ave, Riverside, CA 92507

List Price: $530,000

Subject Property

4643 Victoria Ave, Riverside, CA 92507

Sale Price: $550,000

Selected Comparable

2521 Pennsylvania Ave, Riverside, CA 92507

Sale Price: $558,000

Selected Comparable

2524 Prospect Ave, Riverside, CA 92507

Sale Price: $600,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
4519 Grove Ave, Riverside, CA 92507

4519 Grove Ave, Riverside, CA 92507

List: $530,000

Listed: 1/6/2025

Area:1,643 sqft
Price/sqft:$323
Beds:3
Baths:1
Year Built:
Lot Size:5,663

Comparable Properties

COMPARABLE
Choose comps
4519 Grove Ave, Riverside, CA 92507

4519 Grove Ave, Riverside, CA 92507

Sale: $470,000

2/5/20250.00 mi

Area:1,643 sqft
Price/sqft:$286
Beds:3
Baths:1
Year Built:
Weight:22.9%
2855 Cridge St, Riverside, CA 92507

2855 Cridge St, Riverside, CA 92507

Sale: $525,000

5/20/20250.22 mi

Area:1,620 sqft
Price/sqft:$324
Beds:3
Baths:2
Year Built:
Weight:20.7%
2524 Prospect Ave, Riverside, CA 92507

2524 Prospect Ave, Riverside, CA 92507

Sale: $600,000

3/7/20250.33 mi

Area:1,654 sqft
Price/sqft:$363
Beds:3
Baths:2
Year Built:
Weight:19.8%
4643 Victoria Ave, Riverside, CA 92507

4643 Victoria Ave, Riverside, CA 92507

Sale: $550,000

7/8/20250.21 mi

Area:1,302 sqft
Price/sqft:$422
Beds:3
Baths:2
Year Built:
Weight:18.5%
2521 Pennsylvania Ave, Riverside, CA 92507

2521 Pennsylvania Ave, Riverside, CA 92507

Sale: $558,000

10/28/20240.27 mi

Area:1,519 sqft
Price/sqft:$367
Beds:3
Baths:2
Year Built:
Weight:18.0%

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