2561 Gonzaga Ln, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
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Riverside, California 92507
This Upgraded Residential Condominium is a High-Potential Investment Opportunity, listed at $320,000—positioned well below the $377,389 Fair Market Value by 15%. This valuation gap provides $57,389 in Instant Equity. Boasting a Condition Rating of 3, the home features a refreshed kitchen with stone countertops, modern laminate flooring, and a rare private 2-car garage. Located minutes from UC Riverside within the Riverside Unified School District, it offers high rental demand and lifestyle convenience. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2561 Gonzaga Ln Subject | $320,000* List Price | 3 | 2 | 1,152 | $328 | - |
A 2537 Occidental Circle Sold | $385,000 | 3 | 2 | 1,085 | $355 | 0.1 mi |
B 1471 Clemson Way Sold | $383,000 | 3 | 2 | 1,170 | $327 | 0.1 mi |
C 1456 Clemson Way Sold | $390,000 | 3 | 2 | 1,119 | $349 | 0.1 mi |
D 1373 Wheaton Way Sold | $359,000 | 2 | 2 | 1,024 | $351 | 0.1 mi |
E 1315 Massachusetts Avenue 204 Sold | $305,000 | 2 | 2 | 886 | $344 | 0.2 mi |
F 2891 Canyon Crest Drive 53 Sold | $250,000 | 2 | 2 | 900 | $278 | 0.7 mi |
G 2321 Gonzaga Lane Active | $380,000 List Price | 3 | 2 | 1,152 | $330 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant interior updates, including modern laminate flooring, crown molding, and a refreshed kitchen with soft-close cabinetry and stone countertops. While the 1977 exterior shows some weathering on the wood trim and the appliances are standard white rather than high-end stainless steel, the home has been well-maintained and renovated within the timeframe required for a 'good' rating.
Ideally situated minutes from UC Riverside, Riverside City College, and major freeways (60, 91, 215), making it a high-demand spot for students, faculty, and professionals.
The home features high-quality updates including refreshed soft-close cabinetry, updated flooring, and a fully equipped kitchen with included appliances, offering a turnkey move-in experience.
Unlike many condominiums, this unit provides a private 2-car garage, custom closets, and an additional outdoor storage closet, significantly enhancing its functional living space.
With a build date of 1977, the property may have older underlying mechanical or plumbing systems that require more maintenance than newer developments despite the cosmetic upgrades.
The recurring association fee of $322.40 adds a fixed monthly cost that may impact the overall affordability and debt-to-income ratio for budget-conscious buyers.
UPGRADED| NEAR UCR AND RCC| 2 CAR GARAGE| COMMUNITY POOL Beautifully upgraded home in an excellent location. Inside, you will find updated flooring and a dining area that flows easily into the kitchen, creating a practical layout for everyday living. The kitchen has been updated with refreshed cabinetry featuring soft-close doors, pull-out pantry storage, two Lazy Susans, a newer microwave, a trash compactor, and the refrigerator is included. Thoughtful storage continues throughout the home with a custom closet, linen storage, and an additional storage closet on the patio. Beyond the home itself, the community offers a sparkling pool, spa, and landscaped common areas for residents to enjoy. The location is a standout, just minutes from UCR, RCC, and Downtown Riverside, with Regal Cinemas only about 5 minutes away. You will also appreciate being close to Trader Joe’s, Chipotle, The Cheesecake Factory, banks, fitness facilities, supermarkets, and a weekly farmer’s market. With easy access to the 60, 91, and 215 freeways, this property is perfect for commuting, dining, shopping, and everyday convenience.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 68% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,152 | 1,102 | 68% |
| Lot Size | - | - | 50% |
| Price | $320.0K | $388.0K | 18% |
| Price per sq ft | $278 | $364 | 8% |
| Built year | 1977 | 1982 | 39% |
| HOA | $322.4 | $385 | 5% |
| Days on market | 27 | 176 | 3% |
Mar 26, 2026
$320,000
Initial Listing
Sep 23, 2016
$215,000
Public Record
Apr 11, 2002
$82,000
Public Record