1343 Massachusetts Ave Avenue, Riverside, California 92507, Riverside, 92507 - 1 bed, 1 bath
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1343 Massachusetts Ave Avenue
Riverside, California 92507
ACTIVE
CONDITION: FAIR
1Beds
1Baths
604Sq Ft
0Lot Size
Property Price
LIST PRICE$230,000
EST. MARKET VALUE
$229,379
SUMMARY
This condominium presents a Strong Value Opportunity with a List Price of $230,000—positioned well below the $229,379 Fair Market Value by a negligible margin, reflecting a stable, market-aligned entry point. Featuring a Condition Rating of 4, this unit offers a functional, turn-key layout with a private deck. Its proximity to UC Riverside ensures consistent rental demand, though the $394 HOA fee warrants careful cash-flow analysis. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-growth university location.
Estimated Market Value
$229,379
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1343 Massachusetts Ave Avenue Subject 1 bd · 1 ba · 604 sqft · $380 | $230,000* List Price | 1 | 1 | 604 | $380 | - |
A 1140 W Blaine Street 101 Sold 1 bd · 1 ba · 616 sqft · $373 · 0.5 mi | $230,000 | 1 | 1 | 616 | $373 | 0.5 mi |
B 1317 Massachusetts Avenue 202 Sold 1 bd · 1 ba · 604 sqft · $417 · 0.1 mi | $252,000 | 1 | 1 | 604 | $417 | 0.1 mi |
C 1118 W Blaine 202 Sold 1 bd · 1 ba · 616 sqft · $398 · 0.6 mi | $245,000 | 1 | 1 | 616 | $398 | 0.6 mi |
D 1329 Massachusetts 202 Sold 1 bd · 1 ba · 604 sqft · $406 · 0.1 mi | $245,000 | 1 | 1 | 604 | $406 | 0.1 mi |
E 1136 W Blaine Street 203 Sold 0 bd · 1 ba · 489 sqft · $422 · 0.5 mi | $206,250 | 0 | 1 | 489 | $422 | 0.5 mi |
F 1333 Massachusetts Avenue 201 Sold 1 bd · 1 ba · 604 sqft · $404 · 0.1 mi | $244,000 | 1 | 1 | 604 | $404 | 0.1 mi |
G 1327 Massachusetts 205 Pending 1 bd · 1 ba · 640 sqft · $391 · 0.0 mi | $249,990 List Price | 1 | 1 | 640 | $391 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985 (39 years old), the property falls into the dated category. While the listing describes the unit as turn-key, the interior photos show older carpeting, basic fixtures, and a color palette consistent with a property that is over 20 years old and has not undergone a recent high-end renovation. It appears functional and move-in ready but requires minor cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime University Location
Situated minutes from UC Riverside, this property offers high rental demand and exceptional convenience for students, faculty, and university staff.
- Turn-Key Condition
The upper-level unit features a bright, open layout and is move-in ready, minimizing immediate renovation costs for buyers or investors.
- Excellent Commuter Access
Immediate proximity to major freeways including CA-60 and I-215 provides seamless connectivity for professionals commuting throughout the Inland Empire.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $394 is relatively high for a 604-square-foot one-bedroom unit, which may impact monthly cash flow and investor ROI.
- Underperforming School District
The assigned elementary and middle schools carry low ratings of 2 and 3, which could limit the property's long-term appeal to family-oriented buyers.
About 1343 Massachusetts Ave Avenue
PRIME LOCATION! This charming 1-bedroom, 1-bathroom condominium boasts an unbeatable location in the heart of Riverside's highly desirable University neighborhood. Situated just minutes from the UC Riverside (UCR) campus, this property offers the absolute best in convenience for students, faculty, or investors looking for high rental demand. Enjoy exceptional walkability and quick access to local dining, entertainment, university amenities, and public transit. Commuting is a breeze with immediate proximity to major freeways (CA-60 and I-215). Located on the upper level with a bright, open layout, this turn-key unit is an incredible investment opportunity in a thriving, high-growth university community. Don't miss out!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $394.0 / 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 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 604 | 1,115.608 |
| Lot Size | - | 1,254.765 |
| Price | $230.0K | $393.4K |
| Price per sq ft | $381 | $359 |
| Built year | 1985 | 1982 |
| HOA | $394.0 | $389 |
| Days on market | 37 | 62 |
Pricing History
Listed for Sale
Sep 18, 2026
$230,000
Initial Listing
Sold
Sep 6, 2019
$145,000
Public Record
Sold
May 29, 2015
$105,500
Public Record
Sold
May 19, 2011
$67,000
Public Record
Sold
Sep 29, 2006
$180,500
Public Record