3968 Ramona Drive, Riverside, CA 92506

Property Description

An exceptional turnkey investment opportunity in Riverside’s coveted Wood Streets neighborhood, this fully furnished pool home also operates as a successful short-term rental with a history of generating more than $100,000 in annual revenue. Approximately $45,000 in included furniture, games, a pool table, and additional furnishings, along with the property’s entertainment setup and operating systems, allow an investor to step into a proven STR property without starting from scratch. For traditional buyers, it offers something equally compelling: a spacious, character-filled home with inviting gathering spaces, a resort-style backyard, and the flexibility to grow, entertain, work, and unwind comfortably. This distinctive 1940 residence features a blend of classic Wood Streets charm and modern comfort. Original hardwood floors and a welcoming fireplace create a warm atmosphere that feels like home, while the open kitchen and dining area provide a natural setting for everyday meals, celebrations, and time spent together. Designed for cooking and entertaining, the kitchen features a generous island with a second sink, ample preparation space, a walk-in pantry, wine cooler, gas cooktop, convection oven, pot filler, and integrated speaker system. An indoor laundry room and two main-level bedrooms add convenience and flexibility to the home’s spacious layout. Step outside to a private backyard retreat centered around an in-ground pool and spa with a new pool heater and iAquaLink smart controls. From quiet mornings beside the water to summer afternoons, weekend barbecues, and evenings with friends, the backyard offers a setting designed to be enjoyed throughout the year. The detached two-car garage has been renovated and finished with its own mini-split system, creating a comfortable extension of the property that can serve as a game room, creative studio, home gym, office, or lounge. Extensive underground plumbing improvements add meaningful long-term value, while additional upgrades include a newer roof, updated HVAC system, driveway, exterior paint, wood flooring, and tankless water heater. Conveniently located near Downtown Riverside, Riverside City College, Mount Rubidoux, shopping, dining, and the historic Mission Inn, 3968 Ramona Drive presents a rare opportunity: an established, fully furnished short-term rental with proven revenue history, or a timeless Wood Streets home ready for its next owner to settle in and make it their own.