2428 Vasquez Place, Riverside, California 92507, Riverside, 92507 - 3 bed, 1 bath
2428 Vasquez Place
Riverside, California 92507
Property Price
SUMMARY
Analysis of 2428 Vasquez Place, Riverside, California 92507 reveals a property with a current list price of $590,900, which is 12% above the estimated $514,619 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2428 Vasquez Place Subject | $590,900* List Price | 3 | 1 | 988 | $521 | - |
A 2190 9th St Sold | $475,000 | 3 | 2 | 969 | $490 | 0.4 mi |
B 2481 Prospect Avenue Sold | $500,000 | 2 | 1 | 882 | $567 | 0.2 mi |
C 2538 Pleasant Street Sold | $500,000 | 3 | 2 | 1,130 | $442 | 0.2 mi |
D 2112 Vasquez Place Sold | $500,000 | 3 | 2 | 1,078 | $464 | 0.3 mi |
E 2880 Woodbine Street Sold | $530,000 | 3 | 2 | 1,146 | $462 | 0.7 mi |
F 2390 5th Street Sold | $490,000 | 2 | 2 | 860 | $570 | 0.7 mi |
G 2810 11th Street Active Under Contract | $499,000 List Price | 3 | 2 | 1,120 | $446 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1951, the property is aged but appears maintained. The kitchens and bathrooms are functional but significantly outdated, featuring older cabinets (some painted), laminate countertops, basic fixtures, and older tile flooring. While some minor updates like newer appliances in the main house kitchen and some bedroom carpets are present, the overall style and condition suggest a property that requires substantial cosmetic updates and potential system upgrades (e.g., HVAC, electrical) to meet modern standards. The granny quarters are particularly basic and dated.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential / Multi-Generational Living
The property features two separate units, a main house and a 'granny quarters' with its own living space and kitchenette, offering excellent potential for rental income or accommodating extended family.
- Prime Location & Accessibility
Located in a 'nice area of Riverside' with convenient access to the 91 freeway, schools, and shopping, enhancing its appeal for commuters and families.
- Spacious Backyard
A 'good size back yard' provides ample outdoor space for entertaining, summer BBQs, gardening, or potential future expansion of living areas.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential for Updates
Built in 1951, the property is older, suggesting that buyers may need to budget for updates to systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations to meet modern standards.
- Limited Bathroom Count (Main House)
The main house has 3 bedrooms but only 1 bathroom, which can be a significant inconvenience and a drawback for families or multiple occupants.
- Compact Main House Living Space
With 988 sqft for a 3-bedroom main house, the living space is relatively small, which might feel restrictive or cramped for some buyers.
About 2428 Vasquez Place
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 3.0 | 4.0 | 45% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 988 | 1,773 | 10% |
| Lot Size | 6,970 | 8,276 | 39% |
| Price | $590.9K | $655.0K | 30% |
| Price per sq ft | $598 | $370 | 97% |
| Built year | 1951 | 1977 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 225 | 173 | 81% |
Pricing History
Listed for Sale
Jan 26, 2026
$590,900
$599,900
-2% Price Drop
Initial Listing
Price Change
Aug 19, 2025
$599,900
$615,000
-2% Price Drop
Initial Listing
Price Change
Jul 25, 2025
$615,000
Initial Listing