
Riverside, California 92507
This Single Family Residence represents a Strong Value Opportunity, listed at $560,000—positioned slightly above the $552,946 Fair Market Value. While the price reflects current market stability, the property’s Condition Rating of 3 and recent HVAC and cosmetic upgrades ensure immediate functionality. The 6,970 sqft lot provides significant ADU Potential and RV parking, offering a clear path to forced appreciation. Located near UCR, this asset is perfectly suited for Buy-and-Hold Investors or first-time buyers seeking a strategic, high-demand location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1035 Altura Subject 3 bd · 2 ba · 1,040 sqft · $532 | $560,000* List Price | 3 | 2 | 1,040 | $532 | - |
A 1164 Massachusetts Avenue Sold 2 bd · 2 ba · 940 sqft · $601 · 0.2 mi | $565,000 | 2 | 2 | 940 | $601 | 0.2 mi |
B 2993 Lecil Street Sold 3 bd · 1 ba · 1,315 sqft · $422 · 0.8 mi | $555,000 | 3 | 1 | 1,315 | $422 | 0.8 mi |
C 1065 Bascomb Sold 5 bd · 2 ba · 1,450 sqft · $438 · 0.1 mi | $635,000 | 5 | 2 | 1,450 | $438 | 0.1 mi |
D 657 Glenhill Drive Active 4 bd · 2 ba · 1,204 sqft · $482 · 0.5 mi | $579,900 List Price | 4 | 2 | 1,204 | $482 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready due to recent cosmetic updates including newer laminate flooring, fresh paint, and new baseboards. Crucially, the HVAC system (furnace and AC) and key kitchen appliances are described as 'newer,' providing functional reliability. While the kitchen cabinetry and countertops remain dated, the overall condition meets the criteria for a functional, updated home within the 5-15 year renovation window.
The property's proximity to UC Riverside and major freeways (60, 91, and 215) makes it a prime candidate for student housing or a high-demand rental investment.
Featuring fresh paint, newer laminate flooring, and updated HVAC and appliances, the home offers a move-in-ready interior that reduces immediate renovation costs for buyers.
The generous 6,970 sqft lot includes RV parking and ample backyard space, providing a significant opportunity to add an Accessory Dwelling Unit (ADU) for additional income or multi-generational living.
With only 1,040 square feet of living space for a 3-bedroom configuration, the interior layout may feel compact and lack the spaciousness desired by some modern families.
Built in 1970, the property may have aging underlying systems typical of its era that were not part of the recent cosmetic and HVAC updates, potentially requiring future maintenance.
Prime Location with Investment Potential Near UCR! Discover the possibilities with this 3-bedroom, 2-bathroom home in Riverside, ideally located just minutes from UCR. Whether you’re looking for a place to call home or an investment opportunity, this property offers a great combination of location, improvements, and future potential. The interior features fresh, neutral paint, new laminate flooring in the bedroom, new baseboards throughout, and new cordless faux wood blinds, creating a clean, inviting space ready for your personal touch. Additional upgrades include a newer stove and microwave, along with a newer furnace for year-round comfort. The generous lot offers RV parking and a spacious backyard with exciting possibilities, including the potential to add an ADU for additional living space or future rental income. Imagine creating your own outdoor retreat, expanding your investment portfolio, or maximizing the property’s potential over time. Conveniently located near shopping, parks, and schools, with easy access to the 60, 91, and 215 freeways, this property offers both everyday convenience and investment appeal. An exciting bonus is the nearby planned two-mile Gage Canal Trail, offering a future walking and biking route to Blaine Street near UCR, adding outdoor recreation and another convenient connection to the university area. With no HOA and low property taxes, this is an opportunity you won’t want to miss! Whether you’re a first-time buyer, looking for a home near UCR, or searching for your next investment property, come explore the possibilities this Riverside property has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,040 | 1,854.896 |
| Lot Size | 6,970 | 8,680.308 |
| Price | $560.0K | $698.4K |
| Price per sq ft | $538 | $380 |
| Built year | 1970 | 1982 |
| HOA | $0 | $156 |
| Days on market | 10 | 57 |
Oct 14, 2026
$560,000
Initial Listing
Sep 15, 2005
$346,000
Public Record
Aug 27, 1999
$95,000
Public Record