1110 W Blaine, Riverside, California 92507, Riverside, 92507 - 2 bed, 2 bath
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Riverside, California 92507
This High-Potential Investment Opportunity is listed at a List Price of $365,000, positioned above the $339,389 Fair Market Value. While priced slightly above market, the property offers a Condition Rating of 3 with significant Turnkey Upgrades including a remodeled granite kitchen and newer A/C. Its proximity to UCR and the 60 FWY ensures consistent rental demand, though the $507.69 HOA fee requires careful cash-flow analysis. This asset is best suited for Buy-and-Hold Investors seeking a stable, tenant-occupied property, rather than Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1110 W Blaine Subject | $365,000* List Price | 2 | 2 | 840 | $404 | - |
A 1315 Massachusetts Avenue 204 Sold | $305,000 | 2 | 2 | 886 | $344 | 0.4 mi |
B 2891 Canyon Crest 68 Sold | $330,000 | 2 | 2 | 900 | $367 | 0.4 mi |
C 2537 Occidental Circle Sold | $385,000 | 3 | 2 | 1,085 | $355 | 0.6 mi |
D 2891 Canyon Crest 32 Sold | $342,000 | 2 | 2 | 900 | $380 | 0.4 mi |
E 600 Central 374 Sold | $298,000 | 1 | 1 | 822 | $363 | 0.8 mi |
F 1373 Wheaton Way Sold | $359,000 | 2 | 2 | 1,024 | $351 | 0.6 mi |
G 1337 Massachusetts Active | $315,000 List Price | 2 | 2 | 886 | $356 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1987 (37 years old), it has undergone significant recent renovations including granite countertops in the kitchen and bathrooms, newer flooring, and fresh paint. The inclusion of a newer A/C compressor addresses major system concerns, making the unit well-maintained and move-in ready.
Situated just a five-minute walk from UC Riverside and close to the 60 Freeway, this property offers exceptional rental demand from students and faculty, ensuring high occupancy potential.
The condo features a remodeled kitchen with granite countertops, newer flooring, fresh paint, and a recently replaced A/C compressor, reducing the need for immediate capital expenditures.
The single-story floorplan includes two spacious master suites with upgraded bathrooms and ceiling fans, providing an ideal configuration for roommates and maximizing rental appeal.
With a tenant lease in place until April 30, 2027, the property is strictly limited to investors, excluding any buyers looking for a primary residence in the near future.
The monthly HOA fee of $507.69 is relatively high for an 840-square-foot unit, which may compress the monthly cash flow and overall net operating income for investors.
Upgraded Single-Story & Downstairs Condo with 2 Bedrooms & 2 Bathrooms located in Quiet & Gated Community of Riverside. Walking into this cozy home, you will notice an open and naturally bright floorplan with newer flooring and freshly painted walls. The kitchen features remodeled fixtures including granite countertops, stainless steel sink and all kitchen appliances included already. The home offers 2 Master Suites that have ceiling fans, newer flooring and upgraded bathrooms with tile flooring, granite countertops. Each bedroom has decent space and ample closet space. Newer A/C Compressor. Private Patio great for relaxing after a long day. Condo is fixed with a Detached 1-car garage (#454) and 1 assigned parking space (#483). HOA Community features private gate, Pool & Spa, and Community Laundry Room. Close distance to UCR, local restaurants and shopping centers. Easy Access to 60 FWY. 5 minutes walking to UC Riverside and UC Riverside Baseball Complex. ***THIS CONDO IS INTENDED TO SELL FOR AN INVESTMENT PROPERTY SINCE THE TENANTS JUST SIGNED UP FOR ONE YEAR LEASE THAT WILL END ON APRIL 30, 2027.***
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 840 | 1,119 | 21% |
| Lot Size | - | - | 50% |
| Price | $365.0K | $385.0K | 38% |
| Price per sq ft | $435 | $362 | 92% |
| Built year | 1987 | 1982 | 67% |
| HOA | $507.69 | $385 | 95% |
| Days on market | 23 | 155 | 3% |
May 14, 2026
$365,000
Initial Listing
Apr 30, 2009
$110,000
Public Record
Mar 22, 2006
$256,000
Public Record