375 Central 55, Riverside, California 92507, Riverside, 92507 - 1 bed, 1 bath
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Riverside, California 92507
This Turnkey Condominium represents a Strong Value Opportunity, listed at $375,000—positioned above the $346,001 Fair Market Value. While priced slightly above market, the property features a Mint Condition Rating following comprehensive renovations, including new flooring, recessed lighting, and modern kitchen appliances. Located less than two miles from UC Riverside, the unit offers high rental demand for students and faculty. With resort-style amenities like a pool, spa, and gym, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 375 Central 55 Subject | $377,000* List Price | 1 | 1 | 740 | $469 | - |
A 375 Central Avenue 83 Active Under Contract | $339,000 List Price | 1 | 1 | 740 | $458 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1997, the property has undergone a comprehensive recent renovation (less than 5 years) including new flooring, fresh paint, recessed lighting, and high-quality kitchen appliances. The bathroom is fully updated with a modern walk-in shower and vessel sink. With new windows and patio doors, the unit is in mint, turnkey condition.
The property is fully remodeled with high-quality finishes, including new flooring, recessed lighting, and modern kitchen appliances, offering a move-in-ready experience with no immediate renovation costs.
Situated less than two miles from UC Riverside, this condo is perfectly positioned to attract a steady stream of student or faculty tenants, ensuring strong rental demand and low vacancy rates.
Located in a gated community, residents have access to premium amenities including a pool, gym, tennis courts, and sauna, which significantly enhances the lifestyle appeal and property value.
The $390 monthly association fee represents a significant recurring expense that may impact the net ROI for investors or the monthly affordability for first-time buyers.
With only one bedroom and 740 square feet of living area, the property has a restricted target market, excluding families or those requiring a dedicated home office space.
Explore an incredible condo located just under 2 miles from UC Riverside and less than 7 miles from downtown Riverside, providing exceptional convenience and accessibility. This beautifully remodeled property boasts gorgeous new flooring, fresh paint, modern recessed lighting, and high-quality kitchen appliances, including a barn sink, washer, dryer, and a stylish walk-in shower. It also features new windows and patio doors. Crafted with both style and practicality in mind, This is a turnkey opportunity ideal for investors aiming to attract young professionals or students. Nestled in a gated community, residents can take advantage of outstanding amenities—a gym, tennis court, pool, sauna, jacuzzi, and a recreational party room—promising a lifestyle filled with comfort and energy. Seize the opportunity to act on this amazing property! There’s truly nothing left for the new owner to do.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 740 | 1,165 |
| Lot Size | 871 | 1,229 |
| Price | $377.0K | $402.1K |
| Price per sq ft | $509 | $353 |
| Built year | 1997 | 1975 |
| HOA | $390.0 | $355 |
| Days on market | 35 | 67 |
Jul 14, 2026
$377,000
$375,000
+1% Price Increase
Initial Listing
Jun 17, 2026
$375,000
Initial Listing
Jun 27, 2022
$320,000
Public Record
Oct 6, 2011
$98,000
Public Record
Jul 27, 2005
$197,000
Public Record