
Riverside, California 92504
Analysis of 1820 Julie Drive, Riverside, California 92504 is currently available with a list price of $679,800. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This is a brand-new 2023 construction in mint condition. As a new build, the kitchen, bathrooms, and all major systems (HVAC, electrical, plumbing) are less than 2 years old, meeting the highest standards for modern efficiency and requiring zero immediate maintenance.
As a 2023 build, the home features modern construction standards and updated fixtures, eliminating the need for immediate renovations or repairs.
Located just 5 minutes from UCR and Downtown Riverside, the property offers a strong 5% gross rental yield and consistent demand from students and faculty.
The 2,100 sqft floor plan includes a highly desirable main-floor bedroom and full bathroom, perfect for guests, remote work, or multi-generational living.
With a lot size of only 3,864 square feet, the property offers limited private outdoor space compared to other single-family residences in the area.
Several of the nearby public schools, particularly at the middle school level, have lower performance ratings, which may impact appeal for families with school-aged children.
Positioned within a secure private gated community in desirable Riverside, this brand-new 2023 single-family residence presents a rare combination of modern move-in-ready living and compelling investment potential. Spanning 2,100 square feet of thoughtfully curated interior space across a 3,864-square-foot lot with 4 bedrooms and 3 full bathrooms, the property delivers contemporary aesthetics, versatile functionality, and long-term value for both primary residents and real estate investors. Designed with an airy open floor plan, the home features bright, modern living areas filled with abundant natural light and seamless spatial flow, ideal for daily family life, casual gatherings, and formal entertaining. A highly practical and sought-after layout highlight is the main-floor bedroom with a full bathroom, accommodating multi-generational living, remote work setups, or guest suites—a premium feature that sets this new construction home apart from competing properties in the neighborhood. Boasting an unbeatable location, the residence sits just a 5-minute drive from UCR and vibrant Downtown Riverside, granting quick access to premier educational institutions, urban dining, retail destinations, and community parks. With direct proximity to major highways, it offers exceptional commute accessibility, amplifying residential desirability and rental demand year-round. As a 2023 new build, the home incorporates modern construction standards, updated fixtures, and reliable structural integrity, eliminating immediate renovation costs and ensuring hassle-free occupancy. The gated community setting further enhances privacy, safety, and exclusive neighborhood appeal, solidifying its premium residential status. From an investment perspective, this property stands out with a stable 5% gross rental yield, a benchmark return for Southern California residential assets. Thanks to its ultra-close proximity to UCR, the home enjoys strong, consistent rental demand from university students and faculty. Its spacious bedroom count and flexible floor plan are perfectly suited for student housing arrangements, easily driving higher-than-market rental returns and consistent cash flow. This low-maintenance new-build investment with steady tenant demand and impressive yield will not stay available long. Schedule your private showing today to secure this exceptional residential and investment opportunity.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades PK-6 • 0.5 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,100 | 1,867.892 |
| Lot Size | 3,864 | 8,787.773 |
| Price | $679.8K | $692.3K |
| Price per sq ft | $324 | $386 |
| Built year | 2023 | 1980 |
| HOA | $164.0 | $151 |
| Days on market | 33 | 55 |
Aug 7, 2026
$679,800
Initial Listing
Feb 1, 2024
$640,000
Public Record