2424 Central, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
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Riverside, California 92506
This Turnkey Mid-Century Residence is a Prime Investment Opportunity, listed at $699,999—positioned well below the $736,305 Fair Market Value by 4%. This valuation gap provides $36,306 in Instant Equity. Boasting a High-Quality Renovation Condition, the home features a modern granite kitchen, fenced-in swimming pool, and 220V EV charging. Its prime location near UC Riverside and Polytechnic High School ensures strong lifestyle appeal and rental demand. This versatile asset is perfect for Owner-Occupants seeking a move-in-ready sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2424 Central Subject | $698,999* List Price | 3 | 2 | 1,574 | $445 | - |
A 6023 Academy Sold | $799,000 | 4 | 3 | 1,842 | $434 | 1.0 mi |
B 5382 Tower Sold | $715,000 | 4 | 2 | 1,827 | $391 | 1.0 mi |
C 5593 Malvern Sold | $755,000 | 4 | 2 | 1,900 | $397 | 0.7 mi |
D 1971 Camden Sold | $728,000 | 4 | 2 | 1,543 | $472 | 0.8 mi |
E 2909 Pecos Sold | $755,000 | 3 | 2 | 1,805 | $418 | 0.6 mi |
F 2845 Iron Hills Way Sold | $702,000 | 3 | 2 | 1,600 | $439 | 0.6 mi |
G 5127 Glenhaven Pending | $799,900 List Price | 4 | 2 | 1,860 | $430 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1957, the home has undergone a recent high-quality renovation (likely <5 years) and is presented in turnkey condition. Key updates include a modern kitchen with dark shaker cabinets, granite counters, and new stainless appliances (protective film still visible), along with fresh interior paint, new laminate flooring, newer dual-pane windows, and upgraded 220V electrical systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 1574.
The property features a massive 13,068 sqft lot equipped with a fenced-in swimming pool and a large covered patio, offering a premier space for entertaining and recreation.
Situated minutes from UC Riverside and Cal Baptist University, the home is ideally positioned to capture strong rental demand from students and faculty.
Built in 1957, the property may have underlying aging systems or structural elements that require more maintenance than a newer construction despite recent cosmetic updates.
Located on Central Ave and directly adjacent to an elementary school, the property is subject to significant noise and traffic congestion during peak school and commute hours.
Welcome to 2424 Central Ave in Riverside — a true entertainer’s dream and turnkey opportunity you don’t want to miss! This eye-catching home features a massive backyard designed for hosting, complete with a large covered patio, fenced-in swimming pool, and plenty of space to accommodate big family gatherings, summer parties, or relaxing weekends at home. Inside, the home has been thoughtfully upgraded with fresh interior paint, creating a clean, move-in-ready feel. Enjoy the benefits of newer dual-pane windows for energy efficiency and comfort throughout. The property also includes 220V electrical in the garage, making it ideal for electric vehicle charging or future upgrades. Located in a prime Riverside area, this home is just minutes from University of California, Riverside and California Baptist University, making it an excellent opportunity for rental income or student housing demand. Whether you’re an investor looking for strong rental potential or a homeowner wanting space, convenience, and lifestyle, this property checks all the boxes. Close to shopping, dining, parks, and major freeways, you’ll enjoy both accessibility and neighborhood charm. With its combination of indoor comfort, outdoor living, and prime location, this home is truly priced right and ready to go. Don’t miss your chance to own one of Riverside’s standout properties!
No exterior & parking available.
Grades K-6 • 0.0 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,574 | 1,866 | 34% |
| Lot Size | 13,068 | 10,019 | 65% |
| Price | $699.0K | $728.0K | 42% |
| Price per sq ft | $444 | $400 | 71% |
| Built year | 1957 | 1964 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 134 | 10% |
Jun 9, 2026
$698,999
$699,999
+0% Price Increase
Initial Listing
Apr 22, 2026
$699,999
Initial Listing
Nov 22, 2019
$437,000
Public Record
Jul 17, 2014
$355,000
Public Record
Mar 19, 2014
$265,000
Public Record