270 E Big Springs Road, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
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Riverside, California 92507
This property presents a High-Potential Investment Opportunity with a List Price of $579,990—positioned well below the $507,270 Fair Market Value by -14%. While the property requires significant rehabilitation due to its Fair Condition Rating and deferred maintenance, the elevated lot provides a rare Panoramic City Lights View. Located in a high-demand area near UCR, this asset offers significant upside for forced appreciation through strategic renovations. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the proximity to the university.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 270 E Big Springs Road Subject | $579,990* List Price | 3 | 2 | 1,482 | $342 | - |
A 3415 Valencia Hill Sold | $585,000 | 3 | 2 | 1,398 | $418 | 0.6 mi |
B 208 Deborah Court Sold | $680,000 | 4 | 2 | 1,851 | $367 | 0.8 mi |
C 194 W Blaine Street Sold | $570,000 | 4 | 2 | 1,350 | $422 | 0.6 mi |
D 231 Hillandale Court Pending | $595,000 List Price | 3 | 2 | 1,456 | $409 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 (48 years old) with no mention of recent renovations. The listing explicitly notes 'deferred maintenance' and a yard needing 'tender loving care,' indicating the property likely requires significant rehabilitation and updates to major systems consistent with its age.
Situated just blocks from the University of California, Riverside (UCR), this property offers exceptional convenience for faculty, students, or investors looking for high rental demand in a vibrant college community.
The home's elevated lot position provides unique city light views and an enhanced sense of privacy, adding a premium aesthetic value that is rare for the price point.
Priced competitively to account for its current state, this residence offers a significant opportunity for buyers to build 'sweat equity' through strategic renovations in a well-established neighborhood.
The property explicitly requires 'tender loving care' and repairs, which may necessitate immediate additional capital investment and effort from the buyer after closing.
The spacious yard is currently underdeveloped and requires significant landscaping work to transform it into a functional and attractive outdoor living space.
This charming 3-bedroom, 2-bathroom home, perfectly situated on an elevated lot offers a unique panoramic view and a peaceful sense of privacy. Located a few blocks from the vibrant UCR college community, this home combines comfort, convenience and character. Enjoy spacious living areas, subtle colors and natural light of indoor living. Step outside to a spacious yard that is waiting for your tender loving care. Price reflects some deferred maintenance. Think of the possibilities in this established UCR area!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,482 | 1,651 | 37% |
| Lot Size | 7,841 | 8,385 | 47% |
| Price | $580.0K | $647.5K | 29% |
| Price per sq ft | $391 | $393 | 50% |
| Built year | 1976 | 1971 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 165 | 1% |
May 29, 2026
$579,990
Initial Listing