3535 Banbury Drive 178, Riverside, California 92505, Riverside, 92505 - 2 bed, 2 bath
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Riverside, California 92505
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $389,000—positioned well above the $345,150 Fair Market Value by -12%. While priced above current market estimates, the property features a Condition Rating of 3, offering a functional, move-in ready layout with dual-suite privacy. Residents enjoy access to a pool, gym, and tennis courts within a well-maintained community. This asset is ideal for Buy-and-Hold Investors seeking a rental-ready unit or first-time buyers prioritizing a low-maintenance lifestyle in the La Sierra area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3535 Banbury Drive 178 Subject | $389,000* List Price | 2 | 2 | 915 | $377 | - |
A 3535 Banbury 14 Sold | $310,000 | 1 | 1 | 685 | $453 | 0.1 mi |
B 3874 Polk Street F Sold | $420,000 | 2 | 2 | 1,211 | $347 | 0.6 mi |
C 3944 Polk Sold | $420,000 | 2 | 2 | 1,211 | $347 | 0.7 mi |
D 3535 Banbury Dr 65 Active | $399,000 List Price | 2 | 2 | 915 | $436 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1984, the unit features a recent cosmetic refresh with modern wide-plank flooring and fresh interior paint. The property is marketed as turnkey and move-in ready; however, the bathroom fixtures and wall-mounted AC units appear older, preventing an 'Excellent' rating. It remains well-maintained and functional.
This move-in ready condo features a highly functional open floor plan with two spacious bedrooms, each equipped with its own private bathroom, making it ideal for roommates or as a high-demand rental.
The well-maintained complex offers a comprehensive lifestyle package including a pool, tennis courts, a gym, and outdoor cooking stations, all set within mature, professional landscaping.
Situated in the La Sierra area, the property provides excellent convenience with immediate access to shopping, dining, local parks, and major freeways for efficient commuting.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 947.
The $445 monthly association fee represents a significant recurring expense that may impact the debt-to-income ratio for some buyers and overall monthly affordability.
Several of the assigned schools in the immediate vicinity carry lower performance ratings, which could be a deterrent for families prioritizing top-tier educational districts.
This Turnkey- Move-in ready Second-Floor Condominium is located in the La Sierra Area of Riverside. The two lovely sized bedrooms have their own bathrooms and ample closet space. With an Open Floor Plan, the living room incorporates a patio, dining area and kitchen that includes all the appliances, and a laundry on the patio allowing you to be comfortable anywhere in your home. An assigned carport space is located near your condo. The beautifully well-maintained community amenities include a pool, tennis courts, a gym, a poolside outdoor cooking station and gorgeous, mature landscaping. The HOA covers water, grounds maintenance and insurance. Conveniently located near shopping, dining, school, parks, and freeway access, make this great condominium, an investment opportunity, suitable for a rental, 1031 exchange or your primary residence.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades PK-5 • 1.2 mi
Grades PK-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 915 | 1,165 |
| Lot Size | 871.2 | 1,229 |
| Price | $389.0K | $402.1K |
| Price per sq ft | $425 | $353 |
| Built year | 1984 | 1975 |
| HOA | $445.0 | $355 |
| Days on market | 35 | 67 |
Jun 17, 2026
$389,000
Initial Listing
Oct 23, 2024
$360,000
Public Record
Aug 25, 2009
$70,000
Public Record
Jun 30, 2006
$274,000
Public Record