2493 Vasquez, Riverside, California 92507, Riverside, 92507 - 2 bed, 1 bath
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Riverside, California 92507
This Updated Mid-Century Residence is a strategic asset listed at $470,000, aligning with its $458,275 Fair Market Value. Boasting a Condition Rating of 3, the property features a refreshed interior with wood laminate flooring, dual-pane windows, and upgraded appliances. Its prime location minutes from the University of California, Riverside ensures consistent rental demand, while the 6,970 sqft lot and RV parking offer significant utility and ADU development potential. Located within the Riverside Unified School District, this home is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2493 Vasquez Subject | $470,000* List Price | 2 | 1 | 856 | $535 | - |
A 2190 9th St Sold | $475,000 | 3 | 2 | 969 | $490 | 0.4 mi |
B 2538 Pleasant Street Sold | $500,000 | 3 | 2 | 1,130 | $442 | 0.2 mi |
C 2810 11th Street Sold | $467,500 | 3 | 2 | 1,120 | $417 | 0.3 mi |
D 2992 Date Street Sold | $585,000 | 3 | 2 | 924 | $633 | 0.6 mi |
E 2158 10th Street Sold | $535,000 | 3 | 2 | 1,122 | $477 | 0.4 mi |
F 2428 Vasquez Place Active | $585,000 List Price | 3 | 1 | 988 | $592 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1951, the property has undergone a recent cosmetic refresh including new wood laminate flooring, dual-pane windows, and updated stainless steel appliances. The kitchen and bathroom are functional and move-in ready, though they retain some dated cabinetry and tile. Systems are functional but basic, featuring wall heaters and window AC units rather than central HVAC.
Situated just minutes from the University of California, Riverside, the property is ideally positioned for high rental demand and consistent occupancy from students and faculty.
The generous 6,970 sqft lot provides significant upside for future expansion, including the potential to add an Accessory Dwelling Unit (ADU) to maximize property value and rental income.
Recent updates including wood laminate flooring, new appliances, and energy-efficient dual-pane windows offer immediate move-in readiness and reduced initial maintenance costs.
With only 856 square feet of living area and a single bathroom, the home's compact footprint may be restrictive for larger families or those seeking more spacious accommodations.
Originally built in 1951, the property may have aging underlying systems that require future capital investment, despite the recent cosmetic and surface-level refreshments.
Welcome to 2493 Vasquez Place, Riverside — a beautifully updated single story 2 beds 1 bath home with close to 7,000 sqft lot offering space, flexibility, and incredible upside in one of the most desirable pockets near University of California, Riverside. Step inside to discover a thoughtfully refreshed interior featuring new lighting fixtures, upgraded appliances, stylish wood laminate flooring, and dual pane windows that fill the home with natural light while enhancing energy efficiency. The home sits comfortably set back from the street, providing added privacy and curb appeal, along with a long driveway, one car garage, and potential RV parking, offering added convenience and flexibility for additional vehicles, trailers, or recreational use. What truly sets this property apart is its versatility. With ample interior space and a functional layout, it’s ideal for multi generational living or those seeking room to grow. The expansive backyard presents a rare opportunity for future expansion whether you’re envisioning additional living space, outdoor entertaining areas, or the addition of an ADU unlocking strong long term value and income potential. Located just minutes from University of California, Riverside, this home is perfectly positioned for both owner users and investors alike. UCR is a highly regarded research university known for its diverse student body, strong academic programs, and growing national reputation making this an attractive rental market with consistent demand. Beyond the property itself, the location offers exceptional convenience. You’re close to everyday essentials, shopping centers, dining, and local hotspots, including University Village Riverside and Stater Bros. Markets. Enjoy easy access to major freeways including the Interstate 215, California State Route 60, and California State Route 91 making commuting throughout Riverside and into surrounding areas seamless. Whether you’re looking for a primary residence with room to expand, a multi generational setup, or a high demand rental investment near a major university, 2493 Vasquez Place checks all the boxes with both immediate comfort and future potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 7% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 856 | 1,747 | 5% |
| Lot Size | 6,970 | 8,276 | 36% |
| Price | $470.0K | $651.0K | 7% |
| Price per sq ft | $549 | $388 | 94% |
| Built year | 1951 | 1974 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 189 | 1% |
Apr 16, 2026
$470,000
Initial Listing