4048 9th Street, Riverside, CA 92501
4048 9th Street, Riverside, CA 92501
Property Description
Rare R3 Zoned Bungalow in Downtown Riverside’s Raincross District! Backed by the Downtown Specific Plan, this premium R3 zoning offers unmatched investment flexibility. It is an ideal setup for a live/work layout, multi-family expansion, or high-demand downtown professional office industries—including law firms, accounting practices, real estate brokerages, insurance agencies, and medical or dental offices. The modernized 1,010+ sq ft interior features an open layout, an updated granite kitchen, a Jack-and-Jill bath, and an upgraded 200-amp panel ready for EV charging. Capital improvements include a newer roof, central HVAC, double-pane windows, a partial storage basement, and a low-maintenance paver backyard with secure two-vehicle parking. Attic Space nearly 700 square feet can be converted to additional living space or additional unit. Enjoy elite urban walkability blocks from The Mission Inn Hotel & Spa, Riverside Food Lab, courthouse districts, and local commerce.
Features & Amenities
Property Details
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Current Rates
Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Riverside · Single Family Residence
Listed 4.5% below the median closed sale of $560,000. Closed comps sold at 105% of list — strong seller's market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 5749 Brockton | Riverside | 1924 | 2 | 1 | 984 | 4,356 | $508 | $499,900 | 82 | 86 |
| 3073 Date | Riverside | 1900 | 2 | 1 | 878 | 6,534 | $399 | $350,000 | 52 | 81 |
| 5766 Grand Avenue | Riverside | 1927 | 2 | 1 | 900 | 10,890 | $666 | $599,000 | 12 | 79 |
| 8107 Linares | Riverside | 1985 | 3 | 1 | 1,006 | 3,920 | $517 | $520,000 | 3 | 79 |
| 3328 Comer | Riverside | 1929 | 2 | 1 | 840 | 7,841 | $613 | $515,000 | 4 | 77 |
| Total: 5 · Average | 2.2 | 1.0 | 921.6 | 6,708.2 | $540.6 | $496,780 | 30.6 | |||
| Median | 900 | $515,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3658 Hoover Street | Riverside | 1918 | 10/01/2026 | 2 | 1 | 1,074 | 6,970 | $559,000 | $560,000 | $521 | 1.00 | 111 | 84 |
| 2022 Blenheim | Riverside | 1926 | 10/09/2026 | 2 | 1 | 1,128 | 6,970 | $399,999 | $468,000 | $415 | 1.17 | 20 | 79 |
| 19482 Ray Ave | Riverside | 1945 | 09/21/2026 | 2 | 1 | 970 | 22,651 | $559,000 | $564,000 | $581 | 1.01 | 37 | 78 |
| 16571 Mockingbird Canyon | Riverside | 1962 | 09/29/2026 | 2 | 2 | 1,125 | 24,829 | $589,000 | $600,000 | $533 | 1.02 | 62 | 76 |
| 4944 Wilton Place | Riverside | 1952 | 10/09/2026 | 3 | 1 | 988 | 6,098 | $519,000 | $540,000 | $547 | 1.04 | 55 | 72 |
| Total: 5 · Average | 2.2 | 1.2 | 1,057 | 13,503.6 | $546,400 | $546,400 | $519.4 | — | 57 | ||||
| Median | 1,074 | $560,000 | $560,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.