2932 Prospect Avenue, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath
Loading property details...
Riverside, California 92507
This Modern Riverside Residence is a Strong Value Opportunity, listed at $649,000—positioned well below the $719,489 Fair Market Value by 9%. This valuation gap provides $70,489 in Instant Equity. Boasting a Condition Rating of 3, the 2006-built home features a spacious 4-bedroom layout, laminate flooring, and a private patio. Located in the Riverside Unified School District near UC Riverside, the property benefits from modern construction standards and high rental demand. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2932 Prospect Avenue Subject | $649,000* List Price | 4 | 2 | 1,906 | $377 | - |
A 4429 Forest Street Sold | $676,000 | 4 | 2 | 1,652 | $409 | 0.3 mi |
B 4209 Angelo Street Sold | $560,000 | 4 | 2 | 1,458 | $384 | 0.9 mi |
C 2520 14th Street Sold | $500,000 | 3 | 2 | 1,438 | $348 | 0.4 mi |
D 4485 Dwight Avenue Sold | $572,500 | 3 | 1 | 1,378 | $415 | 1.0 mi |
E 2908 Prospect Active | $603,000 List Price | 3 | 2 | 1,400 | $431 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property falls within the 10 to 20-year age range defined for a 'good' condition score. The provided images show a move-in ready interior with well-maintained laminate flooring, neutral paint, and functional ceiling fans. While kitchen and bathroom photos were not provided, the overall cleanliness and the age of the structure suggest that major systems are likely functional and within their expected lifespan, requiring no immediate major renovations.
Built in 2006, this residence offers contemporary building standards and energy efficiencies that are often superior to the older, historic housing stock typically found in Riverside.
With 1,906 square feet of living space and four dedicated bedrooms, the property provides a generous floor plan ideal for growing families or high-occupancy rental potential.
Located in the 92507 zip code, the property is positioned in a prime area with convenient access to the University of California, Riverside, downtown amenities, and major transit corridors.
The 6,098 square foot lot is relatively modest for a home of this size, which may limit options for extensive landscaping, private pool installation, or large-scale outdoor entertaining.
The property is noted as having no significant views, which may be a drawback for buyers seeking the hillside or city light vistas common in other elevated Riverside neighborhoods.
Prime Riverside location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,906 | 1,756 | 60% |
| Lot Size | 6,098 | 8,276 | 20% |
| Price | $649.0K | $651.0K | 47% |
| Price per sq ft | $341 | $387 | 34% |
| Built year | 2006 | 1974 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 189 | 1% |
Apr 6, 2026
$649,000
Initial Listing
Aug 2, 2005
$390,000
Public Record