1331 Massachusetts 201, Riverside, California 92507, Riverside, 92507 - 1 bed, 1 bath
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1331 Massachusetts 201
Riverside, California 92507
ACTIVE
CONDITION: GOOD
1Beds
1Baths
604Sq Ft
661Lot Size
Property Price
LIST PRICE$250,000
SUMMARY
Welcome to Palmilla! This bright and freshly updated 1-bedroom, 1-bath condo (604 sq ft) sits just 1.2 miles from UC Riverside — ideal for students, faculty, staff, or investors seeking a strong rental. Fresh interior paint and brand-new flooring throughout. The open living/dining area is light and airy, and the cozy bedroom offers a large closet. Assigned carport parking plus guest parking. Enjoy resort-style community amenities: sparkling pool and spa, fitness center, clubhouse, BBQ and picnic areas, playground, and gated entry. Minutes to UCR, shopping, dining, and the 60/215 freeways. Don't miss this turn-key opportunity in Riverside's University neighborhood!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1986, the property is well-maintained and move-in ready. It features brand-new flooring and fresh interior paint throughout. The bathroom has been partially updated with a modern vanity and mirror, though some plumbing fixtures appear older. It meets the 'Good' criteria as a functional, updated, and turn-key unit.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic University Proximity
Located just 1.2 miles from UC Riverside, this property is ideally positioned to capture high rental demand from students, faculty, and university staff.
- Turn-Key Condition
The unit features fresh interior paint and brand-new flooring throughout, offering a move-in-ready opportunity that minimizes immediate capital expenditure for buyers.
- Extensive Community Amenities
The gated Palmilla community provides premium amenities including a pool, spa, fitness center, and clubhouse, which enhances tenant retention and lifestyle appeal.
CONSRISKS & DEFICIENCIES
- High Carrying Costs
The monthly association fee of $458.52 is relatively high for a 604-square-foot unit, which may compress net rental yields for investors.
- Limited Square Footage
With only 604 square feet of living space, the property's appeal is restricted to single occupants or couples, offering little flexibility for a home office or additional storage.
About 1331 Massachusetts 201
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1986
- Lot Size
- 661 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $458.52 / Month
Neighborhood Insights
Riverside Unified Schools
Highland Elementary School
Grades PK-6 • 0.9 mi
2/10
University Heights Middle School
Grades 7-8 • 0.3 mi
3/10
John W. North High School
Grades 9-12 • 0.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 1.0 |
| Square foot | 604 | 924 |
| Lot Size | 661 | 3,920 |
| Price | $250.0K | $540.0K |
| Price per sq ft | $414 | $584 |
| Built year | 1986 | 1945 |
| HOA | $458.52 | $0 |
| Days on market | 26 | 120 |
Pricing History
Listed for Sale
Sep 28, 2026
$250,000
Initial Listing
Sold
May 28, 2010
$62,000
Public Record