1329 Massachusetts 202, Riverside, California 92507, Riverside, 92507 - 1 bed, 1 bath
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Riverside, California 92507
This updated Riverside Condominium is a Strong Value Opportunity, listed at $249,000—positioned below the $253,041 Fair Market Value by 2%. This valuation gap offers $4,041 in Instant Equity. Boasting a Condition Rating of 3, the interior features a Granite Kitchen, stainless appliances, and Mountain Views. Located 0.6 miles from UCR in a gated community with a pool and spa, it ensures high rental demand and turnkey living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a university-adjacent residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1329 Massachusetts 202 Subject | $249,000* List Price | 1 | 1 | 604 | $419 | - |
A 1313 Massachusetts Avenue 201 Sold | $240,000 | 1 | 1 | 604 | $397 | 0.0 mi |
B 2891 Canyon Crest Drive 16 Sold | $290,000 | 1 | 1 | 752 | $386 | 0.5 mi |
C 1333 Massachusetts Avenue 201 Active Under Contract | $244,000 List Price | 1 | 1 | 604 | $404 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant modern updates that elevate it above its 1986 build year. The interior boasts wide plank wood-look flooring, recessed lighting, and a renovated kitchen with granite countertops and stainless steel appliances. The bathroom has also been updated with a matching granite vanity and modern fixtures. While the building itself is older, the unit's interior components have been well-maintained and updated within a timeframe that aligns with the 'good' condition criteria.
Located just 0.6 miles from the University of California Riverside, this property offers exceptional convenience for students and faculty, making it a high-demand location for both residents and investors.
The unit features contemporary finishes including granite countertops, stainless steel appliances, and wide plank wood-look flooring, providing a stylish, move-in-ready aesthetic.
Situated within a gated community, the property provides enhanced security and privacy, complemented by a private balcony that includes valuable exterior storage space.
The monthly HOA fee of $463 is relatively high for a 604-square-foot one-bedroom unit, which may impact overall affordability and investment yield.
With only 604 square feet of living area, the compact footprint may feel restrictive for buyers seeking more spacious accommodations or additional storage.
Located approximately 0.6 miles from the University of California Riverside, this second-floor condominium is situated in a gated community and offers convenient access to nearby shopping, dining, and commuter routes. The open-concept living and dining area features wide plank wood-look flooring, recessed lighting, and large windows that bring in abundant natural light. A sliding glass door opens to a private balcony with exterior storage, providing additional outdoor space. The kitchen includes granite countertops, stainless steel appliances, gas range, microwave hood, dishwasher, dual-basin sink, and extensive cabinetry with wraparound counter space. The open layout connects the kitchen and living area, creating a functional space for everyday living. The bedroom includes large windows and mirrored closet doors, while the bathroom features a granite vanity countertop, framed mirror, updated lighting, and a tub/shower combination. Located near University Village shopping center, offering restaurants, grocery stores, coffee shops, and everyday services. Additional nearby destinations include the University of California Riverside campus, Andulka Park, and convenient access to the 215 freeway for commuting throughout the Inland Empire. The gated community setting, private balcony, and proximity to UCR, nearby parks, retail centers, and freeway access provide convenient Riverside living.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 26% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 604 | 1,080.5 | 5% |
| Lot Size | - | - | 50% |
| Price | $249.0K | $388.0K | 5% |
| Price per sq ft | $412 | $368 | 82% |
| Built year | 1986 | 1982 | 58% |
| HOA | $463.0 | $394 | 89% |
| Days on market | 47 | 177 | 11% |
Mar 6, 2026
$249,000
Initial Listing
Apr 22, 2022
$250,000
Public Record
Mar 16, 2018
$129,000
Public Record
Apr 20, 2012
$60,000
Public Record
Feb 23, 2007
$180,000
Public Record