195 Masters, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
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Riverside, California 92507
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $715,000—positioned slightly above the $711,906 Fair Market Value. While priced at market, the property offers significant upside through its 15,682 sq. ft. lot and ADU development potential. Featuring a Condition Rating of 2, the home is fully remodeled and move-in ready. Its strategic location near UCR ensures high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-utility asset in a prime Riverside neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 195 Masters Subject | $715,000* List Price | 3 | 2 | 1,416 | $503 | - |
A 212 Barret Road Sold | $675,000 | 4 | 2 | 1,496 | $451 | 0.5 mi |
B 151 Barret Sold | $761,000 | 4 | 2 | 1,669 | $456 | 0.5 mi |
C 3682 Mt Vernon Active | $699,000 List Price | 3 | 2 | 1,400 | $499 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1964, the property has undergone a full recent remodel (under 5 years). Images show a new roof, new windows, fresh interior and exterior paint, modern recessed lighting, and new laminate flooring throughout. The description confirms a total renovation of the 3 bedrooms and 2 bathrooms, making it move-in ready with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15682, living area = 1416.
The massive 15,682 sq. ft. lot with RV access provides significant room for expansion or ADU development, offering excellent potential for multi-generational living or additional rental income.
Situated in a desirable neighborhood north of UCR, the property is ideally positioned to attract student or faculty tenants, ensuring high rental demand and long-term appreciation.
Built in 1964, the property may possess aging underlying systems or structural components typical of its era that could require maintenance despite the recent cosmetic upgrades.
The attached two-car garage is currently configured as an office, which may require the buyer to verify permits or incur costs to revert the space back to traditional vehicle storage.
Rare opportunity north of UCR on a desirable neighborhood. This fully remodeled property is nested on a 15,000 ft. sq. Lot. with plenty of space to develop to accommodate two families with RV access and/or to rent to UCR students. Come see this beauty 3 bedrooms with 2 full bathrooms, attached 2 car garage to be used as office (Buyer to Verify) and a detached carport. Do not miss out this opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,416 | 1,723 |
| Lot Size | 15,682 | 8,712 |
| Price | $715.0K | $676.0K |
| Price per sq ft | $505 | $395 |
| Built year | 1964 | 1977 |
| HOA | $0 | $125 |
| Days on market | 13 | 58 |
Jul 9, 2026
$715,000
Initial Listing
Jun 23, 2006
$390,000
Public Record