
Riverside, California 92507
This Turnkey Condominium represents a Strong Value Opportunity, listed at $250,000—positioned well below the $261,577 Fair Market Value by 4%. This valuation gap offers $11,577 in Instant Equity. Featuring a Mint Condition Rating with recent upgrades like Granite Kitchen countertops and new flooring, this unit is move-in ready. Located minutes from UC Riverside, it offers a high-demand rental corridor for Buy-and-Hold Investors or a low-maintenance lifestyle for first-time buyers seeking proximity to campus and major freeways.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1140 W Blaine Street 202 Subject 1 bd · 1 ba · 616 sqft · $425 | $250,000* List Price | 1 | 1 | 616 | $425 | - |
A 1118 W Blaine 202 Sold 1 bd · 1 ba · 616 sqft · $398 · 0.1 mi | $245,000 | 1 | 1 | 616 | $398 | 0.1 mi |
B 1329 Massachusetts 202 Sold 1 bd · 1 ba · 604 sqft · $406 · 0.4 mi | $245,000 | 1 | 1 | 604 | $406 | 0.4 mi |
C 1114 W Blaine 204 Sold 2 bd · 2 ba · 810 sqft · $364 · 0.1 mi | $295,000 | 2 | 2 | 810 | $364 | 0.1 mi |
D 1333 Massachusetts Avenue 201 Sold 1 bd · 1 ba · 604 sqft · $404 · 0.4 mi | $244,000 | 1 | 1 | 604 | $404 | 0.4 mi |
E 1134 W Blaine 202 Pending 1 bd · 1 ba · 616 sqft · $414 · 0.0 mi | $255,000 List Price | 1 | 1 | 616 | $414 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1987, the property has undergone recent renovations (<5 years) including new vinyl flooring, fresh interior paint, recessed lighting, and an updated bathroom. The inclusion of a newer AC unit and granite countertops in the kitchen ensures the home is in mint, move-in ready condition with no immediate maintenance needed.
Located just minutes from UC Riverside and major freeways, this property sits in a high-demand rental corridor, ensuring consistent interest from students and faculty.
The unit features extensive recent improvements, including new vinyl flooring, an updated bathroom, fresh paint, and a newer AC unit, minimizing immediate capital expenditure for a new owner.
The gated community offers robust amenities including a pool, jacuzzi, and BBQ areas, with HOA dues conveniently covering essential utilities like water, trash, and sewer.
The $452 monthly HOA fee is relatively high for a one-bedroom condo of this size, which may compress net rental yields for investors or impact affordability for first-time buyers.
At only 616 square feet, the compact footprint may limit the property's appeal to a narrower demographic of single occupants or couples, offering little flexibility for home office needs.
Located in the gated Woodlands community, this upstairs condo offers a convenient Riverside location just minutes from UC Riverside, downtown, shopping, dining, and major freeways. Recent improvements include new vinyl flooring, updated bathroom, recessed lighting, upgraded balcony features, fresh interior paint, and a newer AC unit. The spacious bedroom features double mirrored closets, while the oversized bathroom offers generous counter space and storage. The kitchen is finished with granite countertops and includes a stove, microwave, dishwasher, and refrigerator. Step outside to your private balcony, an inviting spot to enjoy your morning coffee or unwind at the end of the day. A detached one-car garage is included, along with ample street parking for guests. Community amenities include a swimming pool, jacuzzi, BBQ and picnic areas, onsite laundry, beautifully maintained grounds, and pet-friendly living. HOA dues include water, trash, sewer, and grounds maintenance. With its proximity to UC Riverside, convenient access to major freeways, and desirable community amenities, this property is an excellent opportunity for an investor seeking a rental property in a location with established rental demand. It also offers an appealing option for a homeowner looking for a low-maintenance place to call home. Whether you're looking to add to your investment portfolio or make Riverside your home, this condo combines comfort, convenience, and a location that makes everyday living easy.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 616 | 1,115.608 |
| Lot Size | - | 1,254.765 |
| Price | $250.0K | $393.4K |
| Price per sq ft | $406 | $359 |
| Built year | 1987 | 1982 |
| HOA | $452.0 | $389 |
| Days on market | 18 | 62 |
Oct 6, 2026
$250,000
Initial Listing
Mar 19, 2024
$325,000
Public Record
Oct 13, 2005
$172,000
Public Record