4519 Grove Avenue, Riverside, CA 92507

$530,000 Asking Price

3 beds
1 bath
1,643  sqft
Built in 1922

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. Dont miss this exciting opportunity to create your ideal space or maximize its potential as an income producing investment!

Features & Amenities

Interior

Laundry:
Outside
A/C:
N/K
Fireplace:
FP in Living Room

Exterior

Pool:
N/K
Parking:
Driveway, Parking spaces: 1

Construction

General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Riverside

Lot

Zoning:
R2, 219325006
View:
N/K

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Westcoe Realtors, Inc., Yolanda Gomez

About Riverside, CA

Housing

Number of Units
117,460
Median Home Value
$425,369
Median Rent
$1,318

42.75% of housing units are renter occupied.

3.67% are vacant.

Commute

Car
75.18%
Public Transportation
2.06%
Walk to Work
1.69%
Work from Home
19.74%
Other
0.66%

The median travel time to work is 27 minutes.

People

Population
369,431
Median Age
33.20
Median Household Size
3.32

Education

High School
25.48%
Associate’s Degree
7.98%
Bachelor’s Degree
15.27%
Graduate Degree
10.52%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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