2321 Gonzaga Lane, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
2321 Gonzaga Lane
Riverside, California 92507
Property Price
SUMMARY
Analysis of 2321 Gonzaga Lane, Riverside, California 92507 is currently available with a list price of $395,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1977, this property is functional and maintained but shows clear signs of aging infrastructure. The kitchen and bathrooms retain older cabinetry and fixtures consistent with a home that has not undergone a major renovation in the last 15-30 years. While move-in ready, it requires aesthetic updates and modernization to meet current market standards for quality and style.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
The property is ideally situated minutes from UC Riverside, Downtown Riverside, and major freeways, making it a prime location for students, faculty, and commuters.
- Functional 3-Bedroom Layout
A rare three-bedroom find in the condo market, featuring a primary suite with a walk-in closet and an essential in-unit laundry room for maximum convenience.
- High Investment Versatility
With its proximity to a major university and a competitive price point, this unit offers strong potential for rental income or as an entry-level home for first-time buyers.
CONSRISKS & DEFICIENCIES
- Accessibility Limitations
As a second-floor unit, the lack of ground-level access may be a drawback for buyers with mobility concerns or those who prefer avoiding stairs.
- Aging Infrastructure
Built in 1977, the property may require updates to its original systems or aesthetic finishes to meet the expectations of modern buyers seeking contemporary amenities.
About 2321 Gonzaga Lane
This open and inviting 3-bedroom, 2-bath condo offers a large living room and a separate dining area, perfect for entertaining. The pass-through kitchen opens to the dining space and provides a breakfast bar option for additional seating. Inside laundry room fits a full-size washer and dryer, no need for the laundromat! Down the hallway are two generously sized bedrooms, plus a large primary suite featuring a walk-in closet, private bath with tub/shower combo, and extra storage cabinets. The hallway bathroom also includes a shower/tub combo for convenience. Located on the second floor, this unit offers privacy and comfort. Whether you’re a first-time homebuyer, downsizing, or seeking an investment opportunity, this condo checks all the boxes. Minutes from Downtown Riverside, UC Riverside, the Fox Theater, Tyler Mall, and quick freeway access, the location can’t be beat!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $335.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 68% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,152 | 1,120 | 66% |
| Lot Size | - | - | 50% |
| Price | $395.0K | $395.5K | 50% |
| Price per sq ft | $343 | $368 | 26% |
| Built year | 1977 | 1984 | 34% |
| HOA | $335.0 | $375 | 37% |
| Days on market | 187 | 209 | 39% |
Pricing History
Listed for Sale
Sep 1, 2025
$395,000
Initial Listing