2311 5th Street, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath
2311 5th Street
Riverside, California 92507
Property Price
SUMMARY
Analysis of 2311 5th Street, Riverside, California 92507 reveals a Fairly Priced Property with a current list price of $485,000 aligned with the estimated $485,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 2311 5th Street Subject | $485,000* List Price | 4 | 2 | 1,111 | $437 | - |
A 2315 11th Street Active | $604,999 List Price | 4 | 2 | 1,382 | $438 | 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 1927, the property has undergone a comprehensive interior renovation within the last 5 years. It features a modern kitchen with contemporary cabinetry, fully remodeled bathrooms with new fixtures and custom tile work, updated flooring, and fresh paint throughout, meeting current quality standards for a move-in-ready home.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Interior Remodel
The home features modern finishes including cathedral ceilings, updated flooring, fresh paint, and fully renovated kitchen and bathrooms, offering a move-in-ready experience.
- Versatile Floor Plan
With four bedrooms plus a dedicated bonus office room, this property provides exceptional utility and work-from-home flexibility rarely found in homes of this size.
- Entry-Level Affordability
Priced competitively under $500,000 following recent price adjustments, this residence represents a strong value proposition for first-time buyers in the Riverside market.
CONSRISKS & DEFICIENCIES
- High-Density Living Space
At only 1,111 square feet for a four-bedroom layout, the interior living areas and bedrooms are likely quite compact, which may feel restrictive for some families.
- Limited Lot Size
The modest 3,485 square foot lot offers minimal outdoor space, limiting options for gardening, large-scale entertaining, or significant property expansions.
About 2311 5th Street
Cute 4BR, 2BA Home with extra bonus office room, this beautifully remodeled home boasts a perfect blend of modern finishes and endless potential, Step inside to discover beautiful cathedral ceilings in living room featuring updated flooring and fresh paint. The inviting kitchen has been renovated with contemporary cabinetry. Remodeled bathrooms with new toilets, fixtures and beautifully tiled shower. This property is perfect for first-time buyers, it’s a must see
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,111 | 1,773 | 10% |
| Lot Size | 3,485 | 8,276 | 3% |
| Price | $485.0K | $655.0K | 11% |
| Price per sq ft | $437 | $370 | 77% |
| Built year | 1927 | 1977 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 244 | 174 | 86% |
Pricing History
Listed for Sale
Jan 21, 2026
$485,000
$510,000
-5% Price Drop
Initial Listing
Price Change
Dec 11, 2025
$510,000
$519,900
-2% Price Drop
Initial Listing
Price Change
Sep 23, 2025
$519,900
$524,900
-1% Price Drop
Initial Listing
Price Change
Sep 3, 2025
$524,900
$529,000
-1% Price Drop
Initial Listing
Price Change
Jul 7, 2025
$529,000
Initial Listing