
Riverside, California 92507
This Versatile Single Family Residence is a Strong Value Opportunity, listed at $565,000—positioned above the $520,106 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3 with recent interior upgrades and a unique attached rear room with a mini-split system. Its proximity to UCR creates consistent rental demand, making it a strategic asset. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-producing home in a high-demand Riverside location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1164 Massachusetts Avenue Subject | $565,000* List Price | 2 | 2 | 940 | $553 | - |
A 1168 Athena Court Sold | $540,000 | 3 | 2 | 1,076 | $502 | 0.1 mi |
B 1065 Bascomb Sold | $518,000 | 4 | 2 | 1,200 | $432 | 0.2 mi |
C 461 W Blaine Sold | $575,000 | 3 | 2 | 1,063 | $541 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1983, the property has undergone recent cosmetic renovations including new vinyl flooring and fresh interior paint. The kitchen features stainless steel appliances and updated cabinetry/counters likely from a 5-15 year old renovation. The addition of a mini-split system and the overall clean, functional condition make it move-in ready.
The property includes a unique attached rear room with its own mini-split system, providing a turnkey opportunity for rental income, a guest studio, or a private home office.
Located just minutes from the University of California, Riverside (UCR), the home is positioned in a high-demand area for student rentals and faculty housing, ensuring long-term investment stability.
The home features fresh interior paint, new vinyl flooring, and various cosmetic updates, offering a move-in-ready experience that appeals to modern buyer preferences.
With only 940 square feet of living area to accommodate three bedrooms and a den, the interior layout may feel restrictive or cramped for families requiring more spacious common areas.
The list price of $565,000 represents a significant premium for the total square footage, which may pose challenges for appraisal valuations or buyers seeking more value for their investment.
Welcome to this versatile Riverside property offering comfort, functionality, and income potential. This home features 3 bedrooms, 2 full bathrooms, and a spacious den that can be used as a home office, family room, playroom, or additional living space to fit your needs. Recent improvements include: fresh interior paint, upgraded vinyl flooring, and various cosmetic updates that enhance the home's overall presentation and livability. The sale also includes a washer and dryer for added convenience. A unique bonus is the attached room located at the rear of the property, complete with its own mini-split system, providing an excellent opportunity for a home office, guest space, studio, or potential rental income. Ideally located just minutes from the University of California, Riverside (UCR), this property benefits from strong owner-occupant appeal as well as consistent rental demand. Whether you're looking for a primary residence, an investment opportunity, or a combination of both, this property offers exceptional flexibility and value. Don't miss the opportunity to own a home with space, updates, and income-producing potential in a desirable Riverside location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 940 | 1,652 | 7% |
| Lot Size | 6,534 | 8,276 | 30% |
| Price | $565.0K | $642.5K | 25% |
| Price per sq ft | $601 | $393 | 96% |
| Built year | 1983 | 1974 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 178 | 1% |
Jun 1, 2026
$565,000
Initial Listing
Sep 17, 2024
$530,000
Public Record
Apr 21, 2016
$265,000
Public Record