2891 Canyon Crest #53, Riverside, California 92507, Riverside, 92507 - 2 bed, 2 bath

2891 Canyon Crest  home-pic-0
ACTIVE UNDER CONTRACT$269,000
2891 Canyon Crest #53, Riverside, California 92507
2Beds
2Baths
900Sqft
Lot
Year Built
1975
Close
-
List price
$269K
Original List price
$330K
Price/Sqft
$299
HOA
$415
Days on market
-
Sold On
-
MLS number
TR25230363
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $269.0K(12th), sqft - 900(43th), beds - 2(50th), baths - 2(50th).

RARE VALUE-ADD OPPORTUNITY — ARV (After Repair Value) Estimated $320,000+! ?? Located just minutes from UC Riverside, this high-demand 2 bed, 2 bath end-unit condo in the gated Casa de Oro community is a true diamond in the making. Perfect for investors, students, or first-time buyers — properties in this area rent fast and appreciate even faster! Ground-floor unit with no stairs Poolside location — next to the condo Gated community for added privacy and security This condo needs some TLC, but the upside is incredible. With updated finishes, this home can easily reach an estimated after-repair value of $320,000+ — making it one of the best opportunities on the market. The HOA includes trash & exterior maintenance, giving residents a low-maintenance lifestyle. Additional amenities include a sparkling pool, relaxing spa, BBQ area, and community laundry room — offering convenience, comfort, and entertainment all in one place. ?? Prime location — minutes to UC Riverside, shopping, dining, 215/60 freeways & more! ? Bring your tools, your imagination, and secure one of the hottest opportunities in Riverside. ?? Don’t miss this one — deals like this don’t last! Short Sale Notice: Property sold as-is and subject to lender approval.

Price History

Date
Event
Price
11/30/25
Price Change
$269,000-3.9%
11/29/25
Price Change
$280,000-6.4%
11/07/25
Price Change
$299,000-9.4%
10/01/25
Listing
$330,000
Condition Rating
Poor

Built in 1975, this property is 49 years old and explicitly marketed as a 'RARE VALUE-ADD OPPORTUNITY' that 'needs some TLC' and 'extensive renovation.' The description and property analysis indicate that substantial repairs and rehabilitation are required to bring it to modern standards. Major components, including kitchen and bathroom features, are likely original or very outdated, necessitating significant investment beyond cosmetic updates. The 'as-is' sale further supports its poor condition.
Pros & Cons

Pros

Significant Value-Add Potential: Explicitly marketed as a 'RARE VALUE-ADD OPPORTUNITY' with an estimated After Repair Value (ARV) of $320,000+, making it highly attractive for investors or buyers seeking to build equity.
Prime Location: Strategically located just minutes from UC Riverside, shopping, dining, and major freeways (215/60), ensuring high rental demand and strong appreciation potential.
Gated Community & Amenities: Offers enhanced privacy and security within a gated community, complemented by amenities such as a sparkling pool, relaxing spa, BBQ area, and community laundry room.
Ground-Floor End-Unit: Provides convenient, stair-free access as a ground-floor unit, and benefits from potentially more natural light and privacy as an end unit.
Low-Maintenance Lifestyle: The HOA covers trash and exterior maintenance, contributing to a low-maintenance lifestyle for residents, which is appealing for busy individuals or investors.

Cons

Requires Extensive Renovation: The property 'needs some TLC' and is sold 'as-is,' indicating a significant upfront investment in time and money for repairs, updates, and cosmetic improvements.
Short Sale & Lender Approval: Being a short sale, the transaction is 'subject to lender approval,' which can lead to prolonged closing periods, increased uncertainty, and potential complexities in the buying process.
Older Construction: Built in 1975, the condo likely features older systems and finishes, which contributes to the 'needs TLC' aspect and may require costly updates beyond cosmetic repairs to meet modern standards.

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