1337 Massachusetts, Riverside, California 92507, Riverside, 92507 - 2 bed, 2 bath
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Riverside, California 92507
This Turnkey University-Adjacent Condominium is a Prime Investment Opportunity listed at $315,000—positioned well below the $324,716 Fair Market Value by 2%. This valuation gap provides $9,716 in Instant Equity. Boasting a Good Condition Rating, the home features new luxury vinyl plank flooring, granite countertops, and fresh interior paint. Located minutes from UC Riverside within the Riverside Unified district, residents enjoy a gated pool, spa, and private garage. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1337 Massachusetts Subject | $305,000* List Price | 2 | 2 | 886 | $355 | - |
A 1315 Massachusetts Avenue 204 Sold | $305,000 | 2 | 2 | 886 | $344 | 0.1 mi |
B 1333 Massachusetts Avenue 201 Sold | $244,000 | 1 | 1 | 604 | $404 | 0.0 mi |
C 2891 Canyon Crest 68 Sold | $330,000 | 2 | 2 | 900 | $367 | 0.6 mi |
D 2537 Occidental Circle Sold | $385,000 | 3 | 2 | 1,085 | $355 | 0.1 mi |
E 2561 Gonzaga Ln Sold | $361,000 | 3 | 2 | 1,152 | $313 | 0.1 mi |
F 2891 Canyon Crest Drive 53 Sold | $250,000 | 2 | 2 | 900 | $278 | 0.6 mi |
G 1110 W Blaine Active | $365,000 List Price | 2 | 2 | 840 | $435 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1986, it has undergone recent cosmetic renovations including brand-new luxury vinyl plank flooring and fresh interior paint. The kitchen is updated with granite countertops and appears well-maintained. The unit is move-in ready, and the complex features a newer roof, placing it in the 'Good' category despite the building's age.
Situated just minutes from UC Riverside in a gated community, this property is ideally positioned for high rental demand from students and faculty or for first-time buyers seeking proximity to local amenities.
The home features significant recent improvements, including brand-new luxury vinyl plank flooring, fresh interior paint, and granite countertops, offering a modern, move-in-ready aesthetic.
The desirable floor plan offers two full bathrooms for maximum privacy and high ceilings for an airy feel, complemented by the rare inclusion of a private one-car garage for secure parking and storage.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =958, other record lot size in square feet = 651. Living area discrepancy between mls listing and other public or private record. mls listing living area = 886, other record living area = 640. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The association fee of $457.56 is relatively high for a condominium at this price point, which may impact monthly affordability and the overall debt-to-income ratio for some buyers.
The assigned elementary and middle schools carry low ratings (2 and 3 respectively), which could be a deterrent for families and may impact long-term resale value compared to areas with higher-rated schools.
Welcome home to this beautifully updated condominium located in the desirable gated Palmilla Community in Riverside, conveniently situated just minutes from UC Riverside. This highly sought-after floor plan offers 2 bedrooms and 2 full bathrooms, providing a comfortable and functional layout ideal for first-time buyers, students, investors, or anyone looking for low-maintenance living in a prime location. Step inside and immediately notice the fresh interior paint throughout the home along with brand-new luxury vinyl plank flooring that adds a modern touch while offering durability and easy upkeep. The bright and airy living room features high ceilings and an abundance of windows that bring in plenty of natural light, creating an open and inviting atmosphere. The living space flows seamlessly into the kitchen, making it ideal for both everyday living and entertaining guests. The kitchen is equipped with granite countertops, and ample cabinetry offering both style and functionality for preparing meals at home. Both bedrooms are generously sized, and the two full bathrooms provide convenience and flexibility for residents and guests alike. Step outside to enjoy the balcony perfect for relaxing after a long day. A bonus is that the unit also includes an assigned one-car garage conveniently located beneath the home for easy access and additional storage. Residents of this gated community enjoy updated roofing throughout the complex as well as access to a sparkling pool and spa area—perfect for enjoying warm Southern California days. Conveniently located near shopping, dining, major freeways, and local amenities, this move-in ready condo offers the perfect combination of comfort, convenience, and value. Make this great home yours today!
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 886 | 1,119 | 26% |
| Lot Size | 958 | - | 74% |
| Price | $305.0K | $385.0K | 21% |
| Price per sq ft | $344 | $361 | 38% |
| Built year | 1986 | 1982 | 51% |
| HOA | $457.56 | $385 | 82% |
| Days on market | 40 | 155 | 3% |
Jun 4, 2026
$305,000
$315,000
-3% Price Drop
Initial Listing
Apr 27, 2026
$315,000
Initial Listing
Apr 29, 2021
$185,000
Public Record
Apr 23, 2015
$111,000
Public Record
Apr 28, 2011
$60,500
Public Record
Nov 15, 2006
$370,000
Public Record