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3479 Hoover St1 / 27 · Click to zoom

About this home

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.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$432,000 · Apr 2023
📋 Assessed value$764,692
💵 Annual tax$8,386
🏫 School districtRiverside Unified School District

MLS #26129337MR

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

Estimate your monthly payment. Adjust the numbers to fit your budget.

Down payment %
Interest rate %
Loan term (yrs)
Property tax %/yr
Home insurance %/yr
Estimated total monthly payment
$4,692
Principal & interest$3,787
Property tax$687
Home insurance$218
Down payment: $149,800Loan: $599,200

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.