2428 Vasquez Place, Riverside, California 92507, Riverside, 92507 - 3 bed, 1 bath
ACTIVE$599,900
2428 Vasquez Place, Riverside, California 92507
3Beds
1Bath
988Sqft
6,970Lot
Price Vs. Estimate
The estimated value ($514,318.18) is $85,581.82 (14%) lower than the list price ($599,900). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Potential (ADU): Features a separate 'granny quarters' (Accessory Dwelling Unit), providing significant income potential or flexible multi-generational living arrangements.
Top Cons:
Property Age & Condition: Built in 1951, the home is older, suggesting potential for dated systems (e.g., plumbing, electrical) and the need for significant modernization or repairs beyond cosmetic updates.
Compared to the nearby listings
Price:$599.9K vs avg $650.0K ($-50,100)27%
Size:988 sqft vs avg 1,854 sqft5%
Price/sqft:$607 vs avg $36498%
More Insights
Built in 1951 (74 years old).
Condition: Built in 1951, this property is aged but appears to be maintained and functional. The kitchens and bathrooms are significantly outdated in style, featuring older cabinets, laminate countertops, and basic fixtures, though some appliances appear to be newer. Flooring is a mix of older tile and worn carpet. While livable, the property requires substantial cosmetic updates throughout, particularly in the kitchen and bathrooms, to meet current aesthetic standards. It does not show signs of major structural defects or safety concerns that would classify it as 'poor' or 'tear-down'.
Year Built
1951
Close
-
List price
$600K
Original List price
$615K
Price/Sqft
$607
HOA
-
Days on market
-
Sold On
-
MLS number
IV25167866
Home ConditionFair
Features
Patio
View-
About this home
Two houses, Main house is 3 bedroom 1 bath, good size living room with tile flooring, kitchen and dining room. Second unit is granny quarters, one bedroom, one bath, living room, kitchenette and dining area. Great starter home in a nice area of Riverside, Close to 91 fwy, schools and shopping. Good size back yard for those summer bbq's or expand the living space.
Condition Rating
Fair
Built in 1951, this property is aged but appears to be maintained and functional. The kitchens and bathrooms are significantly outdated in style, featuring older cabinets, laminate countertops, and basic fixtures, though some appliances appear to be newer. Flooring is a mix of older tile and worn carpet. While livable, the property requires substantial cosmetic updates throughout, particularly in the kitchen and bathrooms, to meet current aesthetic standards. It does not show signs of major structural defects or safety concerns that would classify it as 'poor' or 'tear-down'.
Pros & Cons
Pros
Income-Generating Potential (ADU): Features a separate 'granny quarters' (Accessory Dwelling Unit), providing significant income potential or flexible multi-generational living arrangements.
Prime Commuter Location: Strategically located with easy access to the 91 Freeway, enhancing connectivity for commuters.
Convenient Local Amenities: Close proximity to schools and shopping centers offers everyday convenience for residents.
Generous Outdoor Space: Boasts a good-sized backyard, ideal for entertaining, outdoor activities, or future expansion.
Attractive Price Adjustment: A recent price reduction from the original list price signals motivated sellers and presents a more competitive offering for potential buyers.
Cons
Property Age & Condition: Built in 1951, the home is older, suggesting potential for dated systems (e.g., plumbing, electrical) and the need for significant modernization or repairs beyond cosmetic updates.
Low Bathroom-to-Bedroom Ratio: The main house features only one bathroom for three bedrooms, which may be inconvenient for families and could limit market appeal for some buyers.
Unspecified Total Living Area: The listed square footage (988 sqft) appears to be for the main house only, leaving the total combined living space with the granny unit unclear, which can be a point of uncertainty for buyers regarding overall usable space.