2428 Vasquez Place, Riverside, California 92507, Riverside, 92507 - 3 bed, 1 bath
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Riverside, California 92507
This Multi-Unit Residential Asset provides significant income potential through its dual-unit configuration, featuring a 3-bedroom main house and detached granny quarters. Listed at $590,900, the property is positioned relative to a $518,762 Fair Market Value, with the price reflecting the high demand for multi-generational living in the Riverside Unified School District. While maintaining a Condition Rating of 4, the property offers a spacious backyard and patio for outdoor utility. This versatile property is an ideal match for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2428 Vasquez Place Subject | $585,000* List Price | 3 | 1 | 988 | $510 | - |
A 2810 11th Street Sold | $467,500 | 3 | 2 | 1,120 | $417 | 0.4 mi |
B 2190 9th St Sold | $475,000 | 3 | 2 | 969 | $490 | 0.4 mi |
C 2538 Pleasant Street Sold | $500,000 | 3 | 2 | 1,130 | $442 | 0.2 mi |
D 2481 Prospect Avenue Sold | $500,000 | 2 | 1 | 882 | $567 | 0.2 mi |
E 2112 Vasquez Place Sold | $500,000 | 3 | 2 | 1,078 | $464 | 0.3 mi |
F 4264 Victoria Avenue Active | $410,000 List Price | 2 | 1 | 840 | $488 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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 The kitchens and bathrooms are functional but significantly outdated, featuring older cabinets (some painted), laminate countertops, basic fixtures, and older tile flooring.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.
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.
Located in a 'nice area of Riverside' with convenient access to the 91 freeway, schools, and shopping, enhancing its appeal for commuters and families.
A 'good size back yard' provides ample outdoor space for entertaining, summer BBQs, gardening, or potential future expansion of living areas.
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.
The main house has 3 bedrooms but only 1 bathroom, which can be a significant inconvenience and a drawback for families or multiple occupants.
With 988 sqft for a 3-bedroom main house, the living space is relatively small, which might feel restrictive or cramped for some buyers.
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,Potential rental with room to expand. 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 988 | 1,747 | 8% |
| Lot Size | 6,970 | 8,276 | 36% |
| Price | $585.0K | $651.0K | 31% |
| Price per sq ft | $592 | $388 | 97% |
| Built year | 1951 | 1974 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 271 | 189 | 91% |
Apr 10, 2026
$585,000
$590,900
-1% Price Drop
Initial Listing
Jan 26, 2026
$590,900
$599,900
-2% Price Drop
Initial Listing
Aug 19, 2025
$599,900
$615,000
-2% Price Drop
Initial Listing
Jul 25, 2025
$615,000
Initial Listing