
Riverside, California 92503
This Prime Investment Opportunity is a turnkey, tenant-occupied residence listed at $546,500, positioned well below the $567,952 Fair Market Value by 3%. This valuation gap provides $21,452 in Instant Equity. Featuring a Condition Rating of 3, the home includes high-end Granite Kitchen finishes and a newer HVAC system. With immediate rental income and a stable lease in place, this asset is perfectly suited for Buy-and-Hold Investors or long-term portfolio builders seeking a low-maintenance, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10104 Gould Street Subject | $546,500* List Price | 3 | 3 | 1,691 | $336 | - |
A 10128 Camino De Rosa Active | $575,000 List Price | 3 | 3 | 1,700 | $338 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (20 years old), the property is well-maintained with functional granite countertops and cherry wood cabinetry. It features a newer HVAC system and water heater, ensuring systems are in good working order, and the interior remains move-in ready.
As a former model home, the residence features high-end finishes including granite countertops, cherry wood cabinetry, crown molding, and recessed lighting that enhance its aesthetic appeal and market value.
The property is sold with tenants in place, providing a turnkey opportunity for investors to secure immediate cash flow and a proven rental history without the initial vacancy period.
Recent upgrades to the HVAC system, water heater, and garage door significantly reduce the risk of near-term capital expenditures and maintenance costs for the new owner.
The requirement to honor the existing lease term makes this property unsuitable for traditional buyers looking for immediate owner-occupancy, limiting the potential buyer pool.
With a lot size of only 2,614 square feet, the property offers very limited private outdoor space, which may be a drawback for families or buyers seeking a large backyard.
Investment Opportunity in Desirable Gated Community – Tenant Occupied Through Current Lease Term ending Mar 31 2027. This is an Exceptional opportunity to add a well-maintained, income-producing property to your investment portfolio. Located within a sought-after gated community, this spacious 3-bedroom, 2.5-bath residence offers approximately 1,691 square feet of living space on a 2,613-square-foot lot and is currently tenant occupied, providing immediate rental income potential. Originally designed as one of the community's model homes, the property showcases numerous upgrades throughout, including granite countertops, rich cherry wood cabinetry, crown molding, recessed lighting, panelized doors, and attractive laminate flooring. The functional open-concept layout creates an inviting living environment that appeals to long-term tenants and owner-occupants alike. The well-appointed kitchen features custom cabinetry, granite counters, ample storage, and durable tile flooring, making it both stylish and practical for everyday living. A convenient half-bath is located on the main level for guests. All bedrooms are situated upstairs, providing privacy and separation from the main living areas. The spacious primary suite features laminate flooring and an ensuite bathroom highlighted by a beautifully tiled walk-in shower and dual-sink vanity. Secondary bedrooms offer generous closet space, ceiling fans, and easy access to the upstairs guest bath, which includes granite finishes and a tiled tub/shower surround. Additional features include a dedicated laundry room, attached two-car garage, newer HVAC system, updated garage door, and newer water heater, helping minimize future maintenance concerns. Residents enjoy access to community amenities, including a sparkling pool, playground, and beautifully maintained common areas. Conveniently located near shopping, dining, schools, and major commuter routes, this property offers strong tenant appeal and long-term investment potential. Whether you're expanding an existing portfolio or acquiring your first investment property, this turnkey residence presents an excellent opportunity to own a quality asset in a highly desirable community. Property is tenant occupied and will be sold with tenants in place. A solid opportunity for investors seeking an established rental property with existing income potential and great CAP rate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,691 | 1,723 |
| Lot Size | 2,614 | 8,712 |
| Price | $546.5K | $676.0K |
| Price per sq ft | $323 | $395 |
| Built year | 2006 | 1977 |
| HOA | $88.0 | $125 |
| Days on market | 29 | 58 |
Jun 23, 2026
$546,500
Initial Listing
Jun 30, 2022
$530,000
Public Record
Jun 3, 2010
$229,000
Public Record
Feb 25, 2004
$300,000
Public Record