205 Waring, Riverside, California 92507, Riverside, 92507 - 0 bed, 0 bath
Loading property details...
205 Waring
Riverside, California 92507
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,000Sq Ft
8,276Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$724,449
24% AboveMARKET VALUE
SUMMARY
This tri-unit property represents a High-Potential Investment Opportunity, currently listed at a List Price of $899,000. With a Fair Market Value of $724,450, the property is priced above current market estimates, requiring a strategic approach to ROI. Featuring a Good Condition Rating with modernized interiors and a large 8,276 sqft lot, the asset offers significant versatility for multi-generational living or rental income. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through a house-hacking strategy in a prime Riverside location.
Estimated Market Value
$724,449
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 |
|---|---|---|---|---|---|---|
★ 205 Waring Subject | $899,000* List Price | 0 | 0 | 2,000 | $362 | - |
A 7598 Orangebrook Sold | $769,000 | 4 | 2 | 2,206 | $349 | 0.7 mi |
B 19668 Season Grove Dr Sold | $650,000 | 4 | 2 | 1,831 | $355 | 0.6 mi |
C 7347 Fernwood Court Active | $805,500 List Price | 3 | 2 | 1,896 | $425 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1958, the property has undergone significant interior renovations likely within the last 5-15 years. The kitchen is modernized with stainless steel double ovens and stone countertops, bathrooms have been updated with newer vanities, and the living areas feature recessed lighting and well-maintained hardwood or new carpet. A modern HVAC condenser is visible, and the units appear move-in ready, though the exterior stucco and roof show some age-related wear consistent with a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 2000.
- High Income Potential
The property features three separate units on a single lot, offering a rare opportunity for multiple rental income streams or a high-yield investment portfolio addition.
- Strategic Location
Situated in a prime Riverside area near major commuter routes, schools, and shopping, the property is well-positioned to attract consistent tenant demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 2420.
- Aggressive Pricing History
The list price of $899,000 is a significant jump from the $510,000 sale price in 2022, which may pose challenges for appraisal and ROI calculations.
- Aging Infrastructure
With an original build date of 1958, the property may require ongoing maintenance or capital expenditures for aging utility systems across all three units.
About 205 Waring
Exceptional investment opportunity with three separate units on one property, offering excellent income-producing potential or flexible multi-generational living. Whether you're looking to live in one unit while generating rental income from the others or expand your investment portfolio, this property offers incredible versatility. Each unit provides its own private living space, making it ideal for long-term tenants or extended family. Conveniently located near shopping, dining, schools, and major commuter routes, this is a rare chance to own a property with multiple streams of rental income and strong future potential. Don't miss this unique opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.3 |
| Square foot | 2,000 | 1,867.892 |
| Lot Size | 8,276 | 8,787.773 |
| Price | $899.0K | $692.3K |
| Price per sq ft | $450 | $386 |
| Built year | 1958 | 1980 |
| HOA | $0 | $151 |
| Days on market | 33 | 55 |
Pricing History
Listed for Sale
Aug 7, 2026
$899,000
Initial Listing
Sold
Jan 28, 2022
$510,000
Public Record
Sold
Jan 13, 2006
$325,000
Public Record