375 Central 42, Riverside, California 92507, Riverside, 92507 - 2 bed, 2 bath
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Riverside, California 92507
This 1997-built condominium represents a Strong Value Opportunity, listed at a List Price of $429,000—positioned well above the $409,385 Fair Market Value by -4%. While the property requires minor updates to its original fixtures, its Fair Condition Rating and functional 2-bedroom, 2-bathroom layout provide a stable foundation for value-add improvements. Featuring a private patio and a contemporary floor plan, this asset offers a practical entry point into the Riverside market. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable residential project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 375 Central 42 Subject | $429,000* List Price | 2 | 2 | 1,121 | $365 | - |
A 375 Central Avenue #14 Sold | $386,000 | 2 | 2 | 960 | $402 | 0.1 mi |
B 375 Central Avenue 10 Sold | $382,000 | 2 | 2 | 960 | $398 | 0.1 mi |
C 600 Central Avenue 332 Sold | $340,000 | 2 | 2 | 1,076 | $316 | 0.3 mi |
D 375 Central Avenue 78 Sold | $342,000 | 1 | 1 | 740 | $462 | 0.1 mi |
E 5050 Canyon Crest 7 Sold | $465,750 | 2 | 2 | 1,302 | $358 | 0.7 mi |
F 5050 Canyon Crest Active | $440,000 List Price | 2 | 3 | 1,302 | $338 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1997 (27 years old), which exceeds the 20-year threshold for a 'Good' rating. While the interior features updated laminate flooring and appears move-in ready, the bathroom vanity, laundry area, and fixtures appear original to the 90s construction, fitting the 'Fair' criteria for dated properties needing minor updates.
Built in 1997, this 1,121 sqft condominium offers a more contemporary floor plan and generous living space compared to older inventory in the Riverside market.
At a list price of $429,000, the property serves as an accessible entry point for first-time homebuyers or investors seeking a stable residential asset.
The 2-bedroom, 2-bathroom layout is highly functional, providing the privacy and utility sought after by both owner-occupants and potential tenants.
The $420 monthly association fee represents a significant recurring expense that may impact a buyer's debt-to-income ratio and overall affordability.
The property is noted as having no view, which may limit its competitive edge against other units in the area that offer mountain or city light vistas.
Exceptional opportunity in Riverside. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,121 | 1,120 | 50% |
| Lot Size | - | - | 50% |
| Price | $429.0K | $384.0K | 66% |
| Price per sq ft | $383 | $362 | 71% |
| Built year | 1997 | 1984 | 71% |
| HOA | $420.0 | $394 | 74% |
| Days on market | 11 | 154 | 3% |
Jun 5, 2026
$429,000
Initial Listing
Aug 24, 2016
$250,000
Public Record
Mar 4, 2008
$232,000
Public Record
Jan 6, 2006
$327,000
Public Record