2790 11th St, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath
ACTIVE$519,929
2790 11th St, Riverside, California 92507
4Beds
2Baths
1,179Sqft
10,019Lot
Price Vs. Estimate
The estimated value ($519,929) is $0 (0%) lower than the list price ($519,929). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1179.
Top Cons:
Age of Property & Potential for Updates: Built in 1957, the property is likely to require significant updates to its systems, finishes, and overall aesthetic to meet modern buyer expectations, potentially incurring substantial renovation costs.
Compared to the nearby listings
Price:$519.9K vs avg $650.0K ($-130,071)11%
Size:1,179 sqft vs avg 1,854 sqft11%
Price/sqft:$441 vs avg $36476%
More Insights
Built in 1957 (68 years old).
Condition: Built in 1957, this property is an older home that has received some updates, particularly in the kitchen and bathrooms. The kitchen features white shaker-style cabinets and subway tile backsplash, which appear to be 15-25 years old rather than recent. Bathrooms have updated vanities but are basic. A significant factor is the presence of window AC units, indicating a lack of central air conditioning, which is a major outdated system. While the home appears clean and maintained with some updated flooring, it requires further updates to its systems and finishes to meet modern standards and comfort expectations.
Year Built
1957
Close
-
List price
$520K
Original List price
$520K
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
RS25230523
Home ConditionFair
Features
View-
About this home
Great home for a first-time buyer or an investor seeking extra rental income, with a huge backyard (over 10,000 sqft lot) and access to the alley, ample parking for cars, and a highly desirable area of Riverside, close to shopping and just a few minutes' drive to Downtown Riverside and UC Riverside.
Condition Rating
Fair
Built in 1957, this property is an older home that has received some updates, particularly in the kitchen and bathrooms. The kitchen features white shaker-style cabinets and subway tile backsplash, which appear to be 15-25 years old rather than recent. Bathrooms have updated vanities but are basic. A significant factor is the presence of window AC units, indicating a lack of central air conditioning, which is a major outdated system. While the home appears clean and maintained with some updated flooring, it requires further updates to its systems and finishes to meet modern standards and comfort expectations.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1179.
Expansive Lot Size: The property boasts a substantial lot size of over 10,000 sqft, offering significant outdoor space for potential expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU), especially with alley access.
Strategic Location: Located in a highly desirable area of Riverside, the home provides convenient access to shopping centers, Downtown Riverside, and UC Riverside, appealing to a wide range of potential buyers including students and professionals.
Versatile Market Appeal: Described as ideal for both first-time buyers and investors seeking rental income, indicating broad market appeal and potential for strong return on investment.
Ample Parking & Alley Access: The presence of ample parking and direct alley access enhances convenience and offers practical benefits for vehicle storage or potential future development.
Bedroom Count: With 4 bedrooms, the property offers good accommodation capacity, suitable for families or multi-tenant rental opportunities.
Cons
Age of Property & Potential for Updates: Built in 1957, the property is likely to require significant updates to its systems, finishes, and overall aesthetic to meet modern buyer expectations, potentially incurring substantial renovation costs.
Compact Interior Space: At 1179 sqft for 4 bedrooms, the interior living areas may feel relatively compact or cramped, which could be a drawback for buyers seeking more spacious living arrangements.
Recent Price Reductions: The history of multiple price reductions suggests the property may have been initially overpriced or is struggling to attract buyer interest at its current price point, potentially indicating a perceived lack of value.