2111 Elsinore Road, Riverside, California 92506, Riverside, 92506 - 3 bed, 3 bath
2111 Elsinore Road
Riverside, California 92506
Property Price
SUMMARY
Analysis of 2111 Elsinore Road, Riverside, California 92506 reveals a Prime Investment Opportunity with a current list price of $785,000—significantly undercutting the $810,000 Fair Market Value by 3%. This valuation gap indicates a +$25,000 Instant Equity potential for buyers. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2111 Elsinore Road Subject | $785,000* List Price | 3 | 3 | 2,301 | $352 | - |
A 5363 Cornwall Sold | $890,000 | 4 | 3 | 2,034 | $438 | 0.5 mi |
B 5316 Coventry Drive Sold | $875,000 | 4 | 2 | 2,252 | $389 | 0.4 mi |
C 1995 Rincon Avenue Sold | $758,000 | 4 | 3 | 2,000 | $379 | 0.2 mi |
D 5665 Abilene Road Sold | $700,000 | 3 | 2 | 1,900 | $368 | 1.0 mi |
E 5540 Royal Hill Pending | $795,000 List Price | 4 | 3 | 2,094 | $380 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1959, the property has undergone an extensive recent renovation within the last year. It features brand-new flooring, cabinetry, countertops, and stainless steel appliances. The bathrooms and kitchen have been fully modernized while preserving the mid-century aesthetic, and the property shows no signs of deferred maintenance, making it move-in ready and meeting the highest quality standards.
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 = 11326, living area = 2301.
- Prime Location and Lot
Situated on a desirable corner lot in the prestigious Victoria Woods neighborhood, this property offers over a quarter-acre of land within walking distance to the Victoria Club and top-rated schools.
- Modernized Mid-Century Aesthetic
The home perfectly balances vintage 1950s charm, including original stone fireplaces and walls of glass, with high-end modern updates such as new flooring, cabinetry, and stainless steel appliances.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-05-07. The sold price is $650,000.00.
- Vintage Infrastructure Risks
Despite the aesthetic renovations, the 1959 construction date suggests that underlying systems like plumbing or electrical may require closer inspection or future capital investment.
- Market Positioning
A recent price reduction from the original list price indicates the property is currently navigating market sensitivity regarding its valuation relative to local competition.
About 2111 Elsinore Road
Classic 1950s Ranch-style home within Victoria Woods...prime corner lot, pool/spa, RV parking, over 1/4 acre. Tastefully updated inside and out. New flooring, new countertops, cabinets, and appliances. Spacious 3 bedroom home with over 2,300 sq ft of living space. Walls of glass along the living room and dining room with views out to the sparkling pool & spa. Original stone fireplace, BBQ, and accent wall. Some other original features have been saved to highlight this vintage mid-century style. Mature trees, spacious front and rear lawn. Private primary suite with direct access out to the rear yard. Just blocks to prestigious Victoria Club, Poly High School, and Alcott Elementary.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 11,326 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 2,301 | 2,016 | 69% |
| Lot Size | 11,326 | 10,454 | 54% |
| Price | $785.0K | $750.0K | 59% |
| Price per sq ft | $341 | $386 | 22% |
| Built year | 1959 | 1968 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 184 | 2% |
Pricing History
Listed for Sale
Feb 18, 2026
$785,000
$810,000
-3% Price Drop
Initial Listing
Price Change
Jan 29, 2026
$810,000
Initial Listing
Sold
May 7, 2025
$650,000
Public Record
Sold
Apr 30, 1996
$155,000
Public Record