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2135 Down, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath

2135 Down, Riverside, California 92507 home-pic-0
ACTIVE$658,990
2135 Down, Riverside, California 92507
4Beds
2Baths
1,844Sqft
6,970Lot
Year Built
1959
Close
-
List price
$659K
Original List price
$695K
Price/Sqft
$357
HOA
-
Days on market
-
Sold On
-
MLS number
IG25266178
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $659.0K(50th), sqft - 1844(50th), beds - 4(83th), baths - 2(67th).

Great duplex with separate electrical and gas meters. Units are mirror matches. Front unit occupied with tenants who are willing to stay. . Located in a high-demand rental area, the home features strong tenant appeal, convenient access to local amenities, and flexible use options. Perfect for investors—whether you’re purchasing your first income property or adding to an established portfolio. This property offers solid rental demand, dependable long-term appreciation, and flexible potential for value-add improvements. Its location provides consistent tenant interest and convenient access to shopping, schools, and major commuter routes. A strong option for buyers seeking stable returns, growth opportunity,

Price History

Date
Event
Price
12/16/25
Price Change
$658,990-5.2%
12/03/25
Listing
$695,000
12/24/15
Sold
$244,500
12/15/09
Sold
$110,000
08/21/00
Sold
$118,000
05/12/00
Sold
$64,000
Condition Rating
Fair
Built in 1959, this property has received recent cosmetic updates, including new gray shaker cabinets, white countertops, and a modern sink in the kitchen, along with a fully updated bathroom featuring contemporary tile and fixtures. New flooring and fresh paint are also evident throughout the interior. However, the kitchen still features older white appliances, and the exterior shows an older roof-mounted HVAC unit. The listing description itself notes 'Property Age' and 'outdated systems, components, or aesthetics' as weaknesses. While the cosmetic renovations are appealing and relatively recent, the underlying systems and some key appliances are outdated, indicating that major components are functional but show signs of age, aligning with a 'Fair' condition score.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex with separate electrical and gas meters, offering two distinct units ideal for rental income or owner-occupancy with supplemental income.
High-Demand Rental Location: Located in a high-demand rental area with strong tenant appeal and convenient access to local amenities, shopping, schools, and major commuter routes, ensuring consistent tenant interest.
Existing Tenant & Immediate Income: The front unit is currently occupied with tenants willing to stay, providing immediate rental income and reducing vacancy risk for a new owner.
Investment & Value-Add Potential: Marketed as perfect for investors, the property offers solid rental demand, dependable long-term appreciation, and flexible potential for value-add improvements to increase equity and cash flow.
Recent Price Adjustment: The listing price has been recently reduced from $695,000 to $658,990, making it a more competitive and attractive option for potential buyers.

Cons

Property Age: Built in 1959, the property is older, which may imply outdated systems, components, or aesthetics that could require significant capital expenditures for maintenance or modernization.
Unspecified Unit Condition: The description lacks specific details regarding the current condition of the units, particularly the vacant one, suggesting potential for substantial renovation costs to maximize rental value or tenant appeal.
Potential for Deferred Maintenance: While offering 'value-add improvements,' this also implies the property is not turn-key and likely requires updates or repairs to address wear and tear or meet modern tenant expectations.

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