3208 Gibraltar, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
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Riverside, California 92506
This Spacious Pool Home is a Strong Value Opportunity, listed at $635,000—positioned well below the $687,732 Fair Market Value by 7%. This valuation gap offers $52,732 in Instant Equity for the incoming buyer. While the property holds a Condition Rating of 4 and requires cosmetic updates, it boasts premium infrastructure including leased solar panels, a tankless water heater, and a salt-water pool and spa. Located on a quiet cul-de-sac near Riverside Plaza and Riverside Unified schools, it perfectly balances investment upside with lifestyle convenience. 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 |
|---|---|---|---|---|---|---|
★ 3208 Gibraltar Subject | $635,000* List Price | 3 | 2 | 2,018 | $341 | - |
A 5663 Osburn Sold | $635,000 | 3 | 2 | 1,772 | $358 | 0.4 mi |
B 4008 Bandini Sold | $550,000 | 3 | 2 | 1,664 | $331 | 0.9 mi |
C 5062 Magnolia Avenue Sold | $699,000 | 3 | 3 | 2,060 | $339 | 0.8 mi |
D 3346 Sunnyside Drive Sold | $605,000 | 4 | 2 | 1,805 | $335 | 0.4 mi |
E 5239 Coventry Pending | $770,000 List Price | 4 | 3 | 2,118 | $364 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the home is dated with original popcorn ceilings and a vintage kitchen featuring oak cabinetry and tile countertops. While there are some high-value system upgrades like a tankless water heater, solar panels, and newer pool equipment, the interior requires significant cosmetic updates and minor repairs to be considered modern.
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 = 2018.
The property features a private backyard oasis with a salt-water pool and spa, recently enhanced with a new pump, filter, and a five-year-old heater for immediate enjoyment.
Equipped with 24 solar panels and a tankless water heater, the home offers significant long-term utility savings and modern infrastructure improvements.
The 24 solar panels are leased rather than owned, which requires the buyer to assume the existing lease agreement and monthly payment obligations.
The property is marketed as needing 'imagination' and 'personal touches,' indicating that significant cosmetic or functional updates may be required to reach its full potential.
Pool home in Riverside. Bring your imagination and unlock true potential! Tucked away on a quiet cul-de-sac, this single-story 3 bedroom, 2 bath home offers incredible value and endless possibilities. Beautiful wood-look tile flooring adds warmth, durability, and timeless style. Money saving upgrades such as tankless water heater and 24 solar panels have been added. Panels are leased. Beveled glass sliders are newer and a wonderful addition. Private backyard pool and spa have been converted to salt water usage. Heater is 5 years old, pump is new and filter was replaced 2024. Located just a short walk from Riverside Plaza with its movie theater, restaurants, and shopping, you’ll enjoy the perfect blend of convenience and comfort. Top rated Riverside schools are also nearby, making this an ideal location for families. This versatile floor plan is ready for your personal touches and updates. Step outside to your private backyard, complete with a sparkling pool and ample space for entertaining or relaxing in the sun. Priced to sell and ready for its new owner, this is a fantastic opportunity to create your dream home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,018 | 1,896 | 57% |
| Lot Size | 10,019 | 9,801 | 50% |
| Price | $635.0K | $720.8K | 29% |
| Price per sq ft | $315 | $384 | 10% |
| Built year | 1978 | 1964 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 176 | 1% |
Apr 17, 2026
$635,000
Initial Listing
Feb 28, 2017
$350,000
Public Record
Jan 21, 1998
$132,000
Public Record
Apr 26, 1996
$238,000
Public Record
Sep 11, 1995
$134,000
Public Record