3090 Panorama Road A, Riverside, California 92506, Riverside, 92506 - 2 bed, 2 bath
Loading property details...
Riverside, California 92506
This Strong Value Opportunity is listed at a List Price of $318,000, positioned well below the $291,685 Fair Market Value by -9%. Featuring a Condition Rating of 3, this move-in ready unit offers a private courtyard patio and a functional mid-century layout. While the HOA fee is a consideration, the proximity to RCC and downtown provides excellent rental demand. This property serves as a stable, low-maintenance asset, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the Riverside market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3090 Panorama Road A Subject | $318,000* List Price | 2 | 2 | 1,023 | $285 | - |
A 3068 Panorama Road C Active | $299,000 List Price | 2 | 2 | 1,023 | $292 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1963 build date, the property is well-maintained and move-in ready with updated bathrooms and fresh paint. While the HVAC appears to be older wall-mounted units, the interior surfaces and functional layout meet the criteria for a well-maintained, functional residence.
Priced competitively at $318,000 and located just blocks from Riverside City College and downtown, this home offers exceptional value for first-time buyers or investors.
The unit features updated bathrooms, newer paint, and durable tile flooring, providing a modern and clean aesthetic that requires no immediate additional investment.
The mid-century, single-story layout eliminates stairs and includes a private courtyard patio, making it ideal for those seeking ease of access and seamless indoor-outdoor flow.
The $408 monthly association fee represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for some buyers.
Despite its location on Panorama Road, the property is noted as having no view, which may limit its appeal compared to other units in the area that offer elevated vistas.
Single Level Living in Gated Community. This affordable home offers 2 bedrooms and 2 bathrooms on one floor. Enter through your private courtyard patio into the mid-century architecture unit with tile flooring and newer paint throughout. Livingroom with wall of glass sliding doors, welcomes you with an abundance of natural light seamlessly connects you to kitchen dining area. Kitchen also has washer/dryer hookups. Updated bathrooms and fresh paint makes this move-in ready. This property is conveniently located just a few blocks to RCC and close to downtown. HOA covers water, trash, security and exterior maintenance.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,023 | 1,165 |
| Lot Size | - | 1,229 |
| Price | $318.0K | $402.1K |
| Price per sq ft | $311 | $353 |
| Built year | 1963 | 1975 |
| HOA | $408.0 | $355 |
| Days on market | 9 | 67 |
Jul 13, 2026
$318,000
Initial Listing
Feb 18, 2005
$112,500
Public Record
Nov 30, 1999
$37,500
Public Record
Oct 23, 1995
$55,000
Public Record
Jun 2, 1995
$28,000
Public Record