1118 W Blaine 202, Riverside, California 92507, Riverside, 92507 - 1 bed, 1 bath
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1118 W Blaine 202
Riverside, California 92507
ACTIVE
CONDITION: GOOD
1Beds
1Baths
616Sq Ft
570Lot Size
Property Price
LIST PRICE$249,000
EST. MARKET VALUE
$257,759
3% BelowMARKET VALUE
SUMMARY
This Condominium is a Prime Investment Opportunity, listed at $249,000—positioned well below the $257,760 Fair Market Value by 3%. This valuation gap offers $8,760 in Instant Equity. Featuring a Condition Rating of 3, the unit is move-in ready with a Granite Kitchen and private balcony. Its proximity to UCR ensures high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, well-located residence.
Estimated Market Value
$257,759+$8,759 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1118 W Blaine 202 Subject | $249,000* List Price | 1 | 1 | 616 | $418 | - |
A 1329 Massachusetts 202 Sold | $245,000 | 1 | 1 | 604 | $406 | 0.5 mi |
B 1333 Massachusetts Avenue 201 Sold | $244,000 | 1 | 1 | 604 | $404 | 0.5 mi |
C 1313 Massachusetts Avenue 201 Sold | $240,000 | 1 | 1 | 604 | $397 | 0.5 mi |
D 1317 Massachusetts Avenue 202 Sold | $252,000 | 1 | 1 | 604 | $417 | 0.5 mi |
E 600 Central 374 Sold | $298,000 | 1 | 1 | 822 | $363 | 0.8 mi |
F 1305 Massachusetts 205 Active | $249,000 List Price | 1 | 1 | 640 | $389 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1987 but features significant updates that place it in the 5-15 year renovation category. The interior is move-in ready with fresh paint, granite countertops in the kitchen and bathroom, and tile flooring. While the cabinetry and white appliances are not brand new, the property is well-maintained and functional.
PROSSTRENGTHS & OPPORTUNITIES
- Prime University Proximity
Located within walking distance to the University of California, Riverside (UCR), this property offers exceptional investment potential for student rentals or faculty housing.
- Top-Floor Privacy
Positioned on the top floor, the unit benefits from no neighbors above, increased natural light, and peaceful tree-lined views from the private balcony.
- Move-In Ready Condition
The interior features fresh paint, granite countertops, and stainless steel appliances, providing a modern and updated aesthetic that requires no immediate renovation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =570, other record lot size in square feet = 1742. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
- High Association Fees
The monthly HOA fee of $452 is relatively high for a 616-square-foot one-bedroom unit, which may impact the overall debt-to-income ratio for potential buyers.
- Limited Living Space and Laundry
The compact 616-square-foot footprint and lack of in-unit laundry facilities may be a drawback for buyers seeking more spacious accommodations or modern convenience.
About 1118 W Blaine 202
Enjoy walking into your freshly painted, spacious open floorplan where the living room and dining room seamlessly flow from the kitchen overlooking everything. Located on the top floor filled with natural light and peaceful views looking out an oversized sliding glass door off the living room to the private balcony patio with tree views, perfect for entertaining or relaxing outside. The kitchen has granite countertops, stainless steel sink, tile flooring and all kitchen appliances. Updated bathroom offers plenty of cabinet storage, granite countertop sink area, tile flooring with a privacy door separating the toilet, shower/bathtub combo. Retreat to the spacious primary bedroom with two separate grandiose closets that are double mirrored! A detached 1car garage (#394)– perfect for parking with extra storage built in. Residents of The Woodlands Community features; gated car and pedestrian access, pool & jacuzzi, laundry, clubhouse and well-maintained grounds. Just a short walk from the University of California, Riverside (UCR) and walking distance to student recreation center, parking lot 26, dining, shopping and the 91fwy & 215fwy.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 570 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $452.0 / Month
Neighborhood Insights
Riverside Unified Schools
Highland Elementary School
Grades PK-6 • 0.6 mi
2/10
University Heights Middle School
Grades 7-8 • 0.4 mi
3/10
John W. North High School
Grades 9-12 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 616 | 1,143.641 |
| Lot Size | 570 | 1,329.769 |
| Price | $249.0K | $397.1K |
| Price per sq ft | $404 | $365 |
| Built year | 1987 | 1982 |
| HOA | $452.0 | $377 |
| Days on market | 20 | 58 |
Pricing History
Listed for Sale
Aug 20, 2026
$249,000
Initial Listing
Sold
Oct 31, 2005
$162,000
Public Record