3318 Celeste, Riverside, California 92507, Riverside, 92507 - 4 bed, 4 bath
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3318 Celeste
Riverside, California 92507
ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,234Sq Ft
10,454Lot Size
Property Price
LIST PRICE$710,000
EST. MARKET VALUE
$732,347
3% BelowMARKET VALUE
SUMMARY
This Versatile Multi-Unit Asset is a High-Potential Investment Opportunity, listed at $710,000—positioned well below the $732,347 Fair Market Value by 3%. This valuation gap offers $22,347 in Instant Equity. With a Condition Rating of 3, the home features critical infrastructure updates including a 2021 repipe and 2025 sewer relining. Its proximity to UCR and flexible 4-to-6 bedroom potential make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income.
Estimated Market Value
$732,347+$22,347 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3318 Celeste Subject 4 bd · 4 ba · 2,234 sqft · $328 | $710,000* List Price | 4 | 4 | 2,234 | $328 | - |
A 2973 Flanders Sold 4 bd · 2 ba · 1,900 sqft · $316 · 0.3 mi | $601,000 | 4 | 2 | 1,900 | $316 | 0.3 mi |
B 3058 Flanders Sold 4 bd · 3 ba · 1,677 sqft · $401 · 0.3 mi | $672,500 | 4 | 3 | 1,677 | $401 | 0.3 mi |
C 3421 Maricopa Sold 6 bd · 3 ba · 2,178 sqft · $340 · 0.5 mi | $740,000 | 6 | 3 | 2,178 | $340 | 0.5 mi |
D 3430 Bahia Sold 4 bd · 2 ba · 1,597 sqft · $375 · 0.1 mi | $599,000 | 4 | 2 | 1,597 | $375 | 0.1 mi |
E 587 W Blaine Sold 3 bd · 2 ba · 1,899 sqft · $303 · 0.2 mi | $575,000 | 3 | 2 | 1,899 | $303 | 0.2 mi |
F 3395 Santa Cruz Drive Sold 4 bd · 2 ba · 1,572 sqft · $382 · 0.2 mi | $600,000 | 4 | 2 | 1,572 | $382 | 0.2 mi |
G 370 W Blaine Active 4 bd · 2 ba · 2,068 sqft · $357 · 0.1 mi | $739,000 List Price | 4 | 2 | 2,068 | $357 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1962 but features excellent maintenance and major system updates including a new HVAC (2022), full house repipe (2021), and sewer relining (2025). The interior is move-in ready with updated flooring and functional, partially renovated bathrooms, though some cabinetry remains dated.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Strategic Location & Rental Potential
Situated within walking distance to UC Riverside, this property offers exceptional investment value with high demand for student housing and easy access to major freeways and downtown amenities.
- Versatile Floor Plan
The 2,234 sq. ft. layout includes two primary suites—one with a private entrance—and offers the flexibility to expand from 4 to 6 bedrooms, making it ideal for multi-generational living or maximizing rental income.
CONSRISKS & DEFICIENCIES
- Aged Structure
Originally built in 1962, the property may require further cosmetic updates or face typical maintenance challenges associated with older homes despite the recent mechanical upgrades.
- High-Activity Environment
The extreme proximity to a university and a nearby bus stop may result in increased foot traffic and noise, which could be a deterrent for buyers seeking a quiet, secluded residential atmosphere.
About 3318 Celeste
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 Upgrades House repiped (2021)NEW HVAC (2022)SEWER PIPE RELINING (2025)NEW DISCHWASHER 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 and UCR University 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. Bus stop just a few houses down, great for students. This open space can easily make this 4 bedroom to 6 bedroom, Fantastic for Student Rental Income ! With 4 bathroom so much potential
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 10,454 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 2.2 |
| Square foot | 2,234 | 1,854.896 |
| Lot Size | 10,454 | 8,680.308 |
| Price | $710.0K | $698.4K |
| Price per sq ft | $318 | $380 |
| Built year | 1962 | 1982 |
| HOA | $0 | $156 |
| Days on market | 8 | 57 |
Pricing History
Listed for Sale
Oct 16, 2026
$710,000
Initial Listing
Sold
Nov 17, 2011
$270,000
Public Record