3318 Celeste, Riverside, California 92507, Riverside, 92507 - 4 bed, 4 bath
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Riverside, California 92507
This property presents a High-Potential Investment Opportunity with a List Price of $739,000—positioned well below the $758,233 Fair Market Value by 2%. This valuation gap offers $19,233 in Instant Equity. Featuring a Fair Condition Rating, the home includes significant infrastructure upgrades like a 2021 repipe and 2022 HVAC. With a versatile layout and proximity to UC Riverside, this is an ideal Asset for Buy-and-Hold Investors or Owner-Occupants seeking long-term value in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3318 Celeste Subject | $739,000* List Price | 4 | 4 | 2,234 | $339 | - |
A 3314 Celeste Sold | $689,000 | 4 | 2 | 2,017 | $342 | 0.0 mi |
B 587 W Blaine Sold | $575,000 | 3 | 2 | 1,899 | $303 | 0.2 mi |
C 3430 Bahia Sold | $599,000 | 4 | 2 | 1,597 | $375 | 0.1 mi |
D 208 Deborah Court Sold | $680,000 | 4 | 2 | 1,851 | $367 | 0.4 mi |
E 194 W Blaine Street Sold | $570,000 | 4 | 2 | 1,350 | $422 | 0.3 mi |
F 231 Hillandale Court Sold | $580,000 | 3 | 2 | 1,456 | $398 | 0.7 mi |
G 3415 Valencia Hill Sold | $585,000 | 3 | 2 | 1,398 | $418 | 0.1 mi |
H 3421 Maricopa Pending | $740,000 List Price | 6 | 3 | 2,178 | $340 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the property benefits from excellent recent system updates including a new HVAC (2022), repiping (2021), and sewer relining (2025). However, the kitchen and bathrooms are significantly dated, featuring older cabinetry, fluorescent light boxes, and 20+ year old finishes that require modernization. While the original hardwood floors are a plus, the overall aesthetic and unlandscaped yard place it in the fair category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 2234.
Situated within walking distance of UC Riverside, this property offers exceptional rental demand and long-term value for investors, student housing, or university faculty.
The floor plan features two primary suites, including one with a private exterior entrance, providing a rare opportunity for house-hacking, guest quarters, or independent rental income.
Despite mechanical upgrades, the 1962 construction suggests the interior finishes may require cosmetic modernization to compete with newer luxury builds in the area.
The property's proximity to a major university and key freeway corridors (60 and 91) may result in increased neighborhood noise and street parking congestion during peak academic semesters.
Location, Location, Location! Rare opportunity to own a spacious 2,234 sq. ft. home in one of the most desirable neighborhoods adjacent to UC Riverside. Featuring 4 bedrooms and 4 bathrooms, this versatile property is ideal for owner-occupants, multi-generational living, student housing, or investors seeking strong rental potential in one of Riverside's most in-demand markets.The flexible floor plan includes two primary suites, one with its own private exterior entrance—perfect for extended family, guests, a home office, or the opportunity to generate additional rental income. Recent UpgradesHouse repiped (2021)New HVAC/air conditioning system (2022)Sewer pipe relining (2025)New dishwasher (2025)Inside, you'll find a welcoming formal living room with a cozy fireplace, a separate family room, and a generously sized kitchen with abundant cabinetry and counter space that opens to the main living areas—ideal for both everyday living and entertaining. A dedicated indoor laundry room adds convenience and functionality.Situated on an expansive 10,454 sq. ft. lot, the backyard offers endless possibilities to create your dream outdoor retreat, whether you envision a garden, entertaining space, play area, or future enhancements.The location is truly exceptional. Just a short walk to UC Riverside, this home is an outstanding option for families, parents purchasing for a student, or investors looking to capitalize on consistent rental demand. Convenient access to Interstate 60 and State Route 91 makes commuting throughout the Inland Empire quick and easy.Outdoor recreation is just minutes away, with the popular Box Springs Mountain "C" Trail and the beautiful UC Riverside Botanic Gardens nearby. You'll also enjoy close proximity to shopping, dining, parks, and the vibrant arts, entertainment, and restaurant scene in Downtown Riverside.Families will appreciate access to highly regarded schools, including Riverside STEM Academy, Harada Elementary School, University Heights Middle School, and North High School.Whether you're searching for a spacious forever home, housing for a UCR student, or a high-performing investment property, this exceptional residence delivers the perfect combination of location, flexibility, comfort, and long-term value. Click on the 360 prompt, take a virtual tour !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,234 | 1,723 |
| Lot Size | 10,454 | 8,712 |
| Price | $739.0K | $676.0K |
| Price per sq ft | $331 | $395 |
| Built year | 1962 | 1977 |
| HOA | $0 | $125 |
| Days on market | 15 | 58 |
Jul 7, 2026
$739,000
Initial Listing
Nov 17, 2011
$270,000
Public Record