
Riverside, California 92507
This Prime Investment Opportunity is listed at a List Price of $625,000, positioned well below the $639,043 Fair Market Value by 2%. This valuation gap offers $14,043 in Instant Equity. Featuring a Condition Rating of 3, the home includes significant recent upgrades like a 2019 roof and updated electrical. Its proximity to UCR and versatile 4-bedroom layout make it a high-demand asset for Buy-and-Hold Investors or Owner-Occupants seeking a strategic, income-generating property in a strong rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3979 Havenhurst Subject 4 bd · 2 ba · 1,547 sqft · $413 | $625,000* List Price | 4 | 2 | 1,547 | $413 | - |
A 222 Green Oaks Sold 4 bd · 2 ba · 1,512 sqft · $413 · 0.6 mi | $625,000 | 4 | 2 | 1,512 | $413 | 0.6 mi |
B 3595 Watkins Drive Sold 4 bd · 2 ba · 1,272 sqft · $487 · 0.4 mi | $620,000 | 4 | 2 | 1,272 | $487 | 0.4 mi |
C 3058 Flanders Sold 4 bd · 3 ba · 1,677 sqft · $401 · 1.0 mi | $672,500 | 4 | 3 | 1,677 | $401 | 1.0 mi |
D 3395 Santa Cruz Drive Sold 4 bd · 2 ba · 1,572 sqft · $382 · 0.5 mi | $600,000 | 4 | 2 | 1,572 | $382 | 0.5 mi |
E 231 Hillandale Court Sold 3 bd · 2 ba · 1,456 sqft · $398 · 0.1 mi | $580,000 | 3 | 2 | 1,456 | $398 | 0.1 mi |
F 3430 Bahia Sold 4 bd · 2 ba · 1,597 sqft · $375 · 0.6 mi | $599,000 | 4 | 2 | 1,597 | $375 | 0.6 mi |
G 4202 Swain Court Sold 3 bd · 2 ba · 1,750 sqft · $363 · 0.3 mi | $635,000 | 3 | 2 | 1,750 | $363 | 0.3 mi |
H 587 W Blaine Sold 3 bd · 2 ba · 1,899 sqft · $303 · 0.9 mi | $575,000 | 3 | 2 | 1,899 | $303 | 0.9 mi |
I 3986 Havenhurst Ave Active 3 bd · 2 ba · 1,547 sqft · $404 · 0.0 mi | $625,000 List Price | 3 | 2 | 1,547 | $404 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1960, the property has been well-maintained with significant recent capital improvements including a new roof (2019), updated electrical panel (2020), and a 2012 HVAC system. Interior images show a modern bathroom renovation with updated tiling and vanity, and the home appears move-in ready, though some areas like the living room carpet and fireplace remain slightly dated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1547.
Situated within walking distance to UC Riverside, this property offers exceptional rental demand and convenience for students or faculty, making it a high-yield investment opportunity.
The home features several high-ticket maintenance updates, including a newer roof (2019), updated electrical panel (2020), and new rain gutters, reducing immediate capital expenditure for the buyer.
The fourth bedroom was created by partitioning the living room, which likely reduces the home's natural flow and limits the size of the primary shared living space.
While well-maintained, the central A/C system dates back to 2012 and the home was built in 1960, indicating that some core systems may be nearing the end of their typical lifecycle.
Location, Location, Location! Don't miss this incredible opportunity to own a beautifully maintained 4-bedroom, 2-bathroom home in one of the most desirable neighborhoods near the University of California, Riverside (UCR). Conveniently located just a short walk to campus, this property is ideal for owner-occupants, investors, or anyone seeking a prime rental opportunity. The versatile floor plan features a converted fourth bedroom, created by adding a wall in the living room, offering additional living or rental flexibility. Recent improvements include a new roof (2019), new garage door and opener (2019), new rain gutters (2020), new circuit breaker panel (2020), central A/C replaced in 2012, and a new refrigerator and dryer (2023). Commuters will appreciate the convenient access to Interstate 60 and State Route 91, making travel throughout the Inland Empire and beyond quick and easy. Enjoy a well-established neighborhood with beautiful mountain views and abundant outdoor recreation. Hike to the iconic Box Springs Mountain "C" or explore the scenic UCR Botanic Gardens, both just minutes away. You'll also enjoy convenient access to shopping, dining, and entertainment, with the vibrant restaurants, arts, and cultural attractions of Downtown Riverside only a short drive away. Families will appreciate the proximity 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 your primary residence, a home for a UCR student, or an investment property in one of Riverside's strongest rental markets, this home offers an exceptional combination of location, updates, and versatility. 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 | 2.0 | 2.2 |
| Square foot | 1,547 | 1,854.896 |
| Lot Size | 8,712 | 8,680.308 |
| Price | $625.0K | $698.4K |
| Price per sq ft | $404 | $380 |
| Built year | 1960 | 1982 |
| HOA | $0 | $156 |
| Days on market | 8 | 57 |
Oct 16, 2026
$625,000
Initial Listing
Oct 28, 2010
$225,000
Public Record
Aug 25, 2005
$395,000
Public Record
Mar 12, 1999
$110,000
Public Record