3479 Hoover Street, Riverside, CA 92504
Riverside County
Key Facts
Description
Investor's Dream! Value-Add Opportunity with Income Potential! Beautifully renovated single-story property on an expansive approximately 15,000 sq. ft. double lot offering endless possibilities for investors, owner-occupants, and multi-generational living. The property features a permitted 2-bedroom, 2-bath main home (approximately 1,200 sq. ft.) plus an unpermitted studio ADU with 1 bedroom, 1 bath, a private entrance, and potential for future expansion (buyer to verify). A detached garage with drywall and bathroom hookups provides additional value-add potential for those exploring future conversion opportunities (buyer to verify permits and feasibility with the City of Riverside). The oversized lot and existing improvements create an exceptional opportunity for rental income, house hacking, long-term investment, or future development. The spacious backyard includes a huge pool, adding to the property's appeal. Conveniently located on a quiet cul-de-sac with quick freeway access, just minutes from UC Riverside, California Baptist University, downtown Riverside, parks, restaurants, and shopping. Sold AS IS. Buyers, brokers, and agents are advised to conduct their own due diligence regarding permits, square footage, zoning, allowable uses, and development potential.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1967
Stories
1
Living Area
1,600 sq ft
Lot Size
0.34 acres
Garage Spaces
2
Parking Spaces
2
Days on Market
35
MLS® Listing#
OC26129337
Property Features
Cooling
Heating
Fireplace
Pool
Laundry
Lot Features
Community
Sewer
Water Source
Rooms
- Bedroom
Financial Details
HOA
None
Parcel Number
230192041
Directions
Cross street Madison and Garden street
Affordability Calculator
$149,800
Estimated monthly payment
$3,986/mo
Principal $599,200 · Est. interest $835,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Riverside, CA
- $756,021
- Median Listing Price
- 45
- Median Days on Market
- 2,154
- Median Sq Ft
- $372
- Median Price / Sq Ft
- 540
- Active Listings
- This home’s price is 1% below the area median.
- Its price per sq ft is 26% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Riverside, CA.
Location
Points of Interest in Riverside, CA
Showing the Riverside area map.
Nearby Schools
Riverside Montessori Academy
Elementary · 0.2 mi away
Madison Elementary School
Elementary · 0.3 mi away
Planning and Development, Riverside Unified School Distrct
School · 0.4 mi away
Notre Dame High School
Secondary · 0.5 mi away
Casa Blanca Head Start
School · 0.5 mi away
St. Catherine of Alexandria Parish School
School · 0.6 mi away
Ramona High School
Secondary · 0.7 mi away
Woodcrest Christian Day School
School · 0.7 mi away
Project Team
School · 0.9 mi away
Springs Charter Schools - Magnolia Student Center
Elementary · 1.1 mi away
Sierra Middle School
Secondary · 1.1 mi away
Washington Elementary School
Elementary · 1.1 mi away
Jefferson Elementary School
Elementary · 1.3 mi away
Gage Middle School
Secondary · 1.3 mi away
Raincross High School
Secondary · 1.3 mi away
Educational Options Center - Eoc
Elementary · 1.3 mi away
Summit View Independent Study
School · 1.3 mi away
California School for the Deaf-Riverside
School · 1.4 mi away
Pachappa Elementary School
Elementary · 1.5 mi away
Riverside Christian Middle School
School · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6057 Florence, Riverside, CA | $525,000 | 4 | 2 | 1,350 |
| 4110 Dwight, Riverside, CA | $529,900 | 4 | 2 | 1,440 |
| 9542 Hannah Way, Riverside, CA | $529,990 | 3 | 3 | 1,447 |
| 3262 Racine, Riverside, CA | $530,000 | 3 | 2 | 1,178 |
| 19166 Pemberton, Riverside, CA | $533,000 | 3 | 2 | 1,112 |
| 7486 Olive Grove, Riverside, CA | $533,000 | 3 | 3 | 1,549 |
Moving Cost Estimate
EXIT Agents in Riverside
Listing Courtesy: Daniel C Robles Jr - 424-485-2251
Presented by: Josh Flores JR
Licensed in the state of California.