11146 Gramercy, Riverside, California 92505, Riverside, 92505 - 3 bed, 2 bath
11146 Gramercy
Riverside, California 92505
Property Price
SUMMARY
Analysis of 11146 Gramercy, Riverside, California 92505 reveals a Prime Investment Opportunity with a current list price of $600,000—significantly undercutting the $640,579 Fair Market Value by 6%. This valuation gap indicates a +$40,579 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11146 Gramercy Subject | $600,000* List Price | 3 | 2 | 1,287 | $498 | - |
A 11680 Richmond Street Sold | $650,000 | 3 | 2 | 1,407 | $462 | 0.8 mi |
B 10384 Hole Sold | $610,000 | 3 | 2 | 1,125 | $542 | 0.9 mi |
C 5220 Marengo Ct. Sold | $650,000 | 3 | 2 | 1,370 | $474 | 0.4 mi |
D 5345 La Sierra Avenue Active | $585,000 List Price | 3 | 2 | 1,168 | $501 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1982, the property has undergone an extensive recent renovation within the last 5 years. The interior features a modern kitchen with white shaker-style cabinetry, stone countertops, and stainless steel appliances. The home boasts updated luxury vinyl plank flooring throughout, recessed lighting, and fully modernized bathrooms with new vanities and fixtures. The property is in move-in-ready condition with no visible deferred maintenance, meeting the criteria for a high-quality, fully updated residence.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 1287.
- Expansive Lot & ADU Potential
The property features a generous lot of over 12,000 square feet, providing ample space for outdoor entertaining, gardening, or the construction of an Accessory Dwelling Unit (ADU) for multi-generational living or rental income.
- Turn-Key Modern Updates
The home has been thoughtfully updated throughout with a refreshed kitchen and modern finishes, offering a move-in-ready experience that appeals to contemporary buyers.
CONSRISKS & DEFICIENCIES
- Compact Interior Square Footage
At 1,287 square feet, the interior living space is relatively modest for a three-bedroom home, which may feel restrictive for larger families or those requiring expansive indoor areas.
- Underperforming Local Schools
Several of the nearest public schools carry lower performance ratings, which could be a drawback for families prioritizing high-ranking educational facilities.
About 11146 Gramercy
Welcome to this charming single-story residence in the desirable La Sierra neighborhood of Riverside. The home has been thoughtfully updated throughout, offering a fresh, modern feel. Enjoy an open living space creating the perfect setting for gatherings and everyday living. The well-appointed kitchen has been refreshed to complement the home’s updates, and the generous bedrooms provide flexible space for family, guests, or a home office. Situated on a spacious lot, over 12,000 square feet, the backyard offers plenty of room for gardening, outdoor entertaining, or a possible Accessory Dwelling Unit (ADU). An attached garage and central cooling system add everyday convenience and year-round comfort. Located in an established community with easy access to shopping, dining, transportation, and schools, this property presents a great opportunity to own an updated home in one of Riverside’s most convenient neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1982
- Lot Size
- 12,197 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Riverside Unified Schools
Twinhill Elementary School
Grades K-5 • 0.4 mi
Valley View Elementary School
Grades K-5 • 0.8 mi
La Granada Elementary School
Grades PK-5 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,287 | 1,483.5 | 30% |
| Lot Size | 12,197 | 7,841 | 84% |
| Price | $600.0K | $640.0K | 25% |
| Price per sq ft | $466 | $427 | 70% |
| Built year | 1982 | 1977 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 176 | 1% |
Pricing History
Listed for Sale
Feb 24, 2026
$600,000
Initial Listing