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3974 5th Street, Riverside, CA 92501

$799K6bd · 4ba · 3,473 sqft
Lot 8,712 sqft•Single Family Residence•
Active
•3d on market•MLS# CV-26132827

Property Description

Discover a unique income-generating property in the heart of Downtown Riverside! This beautifully remodeled Craftsman-style home, originally built in 1922, offers exceptional flexibility for homeowners, investors, or buyers seeking rental income. The property features 10 potential rentable rooms, including 6 bedrooms, with multiple living areas and private entrances. The main level includes a spacious living room with fireplace, two bedrooms, and a bathroom. A separate entrance leads to an additional living area with a living room, kitchenette, two bedrooms, and bathroom. The second level features a living room, den, two bedrooms, and a third bathroom, while exterior stairs lead to an additional bedroom and loft. A mother-in-law suite with private access and bathroom provides an ideal space for a tenant, extended family member, or guest. Recent improvements include new kitchen cabinets and countertops in 2019, a new roof on the house and garage in 2020, luxury vinyl plank and tile flooring, a remodeled kitchen with granite countertops and stainless steel appliances, and updated central air conditioning and heating. The gated property offers a detached four-car garage, additional parking, and rear alley access. Located within walking distance of Downtown Riverside restaurants, the historic Mission Inn, public library, Riverside City College, Riverside Convention Center, shopping, dining, entertainment, and local attractions, the location adds to the property's rental appeal. An appraisal is available for prospective buyers. Whether you're seeking a primary residence with income potential, multigenerational living, or an investment opportunity, this distinctive Downtown Riverside property offers character, flexibility, and income-generating potential.

Features & Amenities

FeeBuilt 1922

Property Details

Land Type
Fee
Year Built
1922
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
8
Garage Spaces
4
Heating
Central, Forced Air
Cooling
Central Air, Electric
Flooring
Carpet, Laminate, Tile
Roof
Shingle, Asphalt, Composition
City
Riverside
Zip Code
92501
County
Riverside
Listed byEXP REALTY OF CALIFORNIA INC, Donald Mowery

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,040.18
Principal & Interest
Loan Amount
$639,200
Total Interest
$815,264
Total Payment Over 30 Years
$1,454,464
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

3974 5th Street, Riverside, CA 92501

Riverside · Single Family Residence

$799K
Luxury Tier
Beds
6
Baths
4
Sqft
3,473
Lot
8,712 sqft
Year
1922
$/Sqft
$230
Pool: No✓
Spa: No✓
Garage: 4-car✓

Listed in line with the median closed sale of $795,000. Price per sqft ($230) is a 35% discount to closed comps ($355). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $799K· $230/sqft
Total list price
Closed comps
vs closed median $795K
+$4K (+0.5%)
Active comps
vs active median $870K
−$71K (−8.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $375
−$145 (−38.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2944 6thRiverside1915942,87210,019$310$889,00019970
3660 LinwoodRiverside1912431,9567,841$408$799,0009968
3354 Orange StreetRiverside1918432,39213,068$355$849,9007567
3589 Castle ReaghRiverside1929431,8868,712$464$875,00015665
4045 ChapmanRiverside1961432,58810,454$336$869,9002465
Total: 5 · Average5.03.22,338.810,018.8$374.6$856,560110.6
Median2,392$869,900

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
4161 UniversityRiverside190704/13/2026432,3526,534$875,000$850,000$3610.9715379
4485 6th StreetRiverside191411/14/2025332,2917,841$815,000$820,000$3581.012678
4456 12thRiverside192807/16/2026632,4567,841$799,900$795,000$3240.999474
4224 Brockton AvenueRiverside199510/23/2026441,8767,841$699,000$710,000$3781.025572
4579 UniversityRiverside191809/11/2026332,0008,712$750,000$710,000$3550.959970
Total: 5 · Average4.03.22,1957,753.8$777,000$777,000$355.2—85.4
Median2,291$795,000$795,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.