
Riverside, California 92507
This Dual-Unit Residential Property represents a Strong Value Opportunity, listed at $645,000—positioned well below the $693,211 Fair Market Value by 6%. This valuation gap provides $48,211 in Instant Equity. Featuring a Condition Rating of 2, the property offers modern, turnkey finishes across two separate dwellings on a large 8,712 sqft lot. Its proximity to UCR and downtown ensures high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2510 10th Subject | $645,000* List Price | 3 | 2 | 1,789 | $387 | - |
A 2571 12th Street Sold | $625,000 | 4 | 2 | 1,509 | $414 | 0.1 mi |
B 4429 Forest Street Sold | $676,000 | 4 | 2 | 1,652 | $409 | 0.3 mi |
C 3454 Franklin Sold | $565,000 | 4 | 2 | 1,274 | $443 | 0.5 mi |
D 2676 5th Sold | $617,500 | 4 | 2 | 1,401 | $441 | 0.4 mi |
E 2743 12th Active | $700,000 List Price | 3 | 2 | 2,196 | $319 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1900, the property has undergone a comprehensive modern renovation within the last 5 years. The interior features contemporary finishes, updated flooring, and modern bathroom vanities with stone-look countertops. The description confirms upgraded features and a move-in ready, low-maintenance condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1789.
The property features two separate residences on one lot, providing exceptional flexibility for rental income, an ADU, or multigenerational living arrangements.
Located near UC Riverside and Downtown Riverside, the property is ideally positioned to attract high rental demand from students and faculty.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1789, other record living area = 2280.
Built in 1900, the property may have underlying maintenance requirements or aging systems common with century-old structures that require specialized inspections.
With two dwellings situated on a single 8,712 sqft lot, residents may experience reduced outdoor privacy and shared utility considerations between the front and rear units.
Welcome to this beautifully built property offering two separate homes on one lot, providing exceptional flexibility for multigenerational living, rental income, or extended family. The front residence features 2 bedrooms and 1 bathroom with an open-concept layout, modern finishes, and abundant natural light. The detached rear residence offers 1 bedroom and 1 bathroom with its own private entrance, making it ideal as an ADU, guest house, home office, or income-producing rental. Situated on a spacious lot and ample parking, this low-maintenance property combines upgraded features and contemporary design. Conveniently located near Downtown Riverside, the University of California, Riverside (UCR), shopping, dining, parks, and major freeways, this is a rare opportunity for homeowners and investors alike. Whether you're looking to offset your mortgage with rental income or accommodate extended family while maintaining privacy, this versatile property checks all the boxes. Don't miss your chance to own this unique Riverside gem.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,789 | 1,723 |
| Lot Size | 8,712 | 8,712 |
| Price | $645.0K | $676.0K |
| Price per sq ft | $361 | $395 |
| Built year | 1900 | 1977 |
| HOA | $0 | $125 |
| Days on market | 21 | 58 |
Jul 1, 2026
$645,000
Initial Listing
Dec 20, 2018
$330,000
Public Record
Feb 11, 2016
$120,000
Public Record