4360 Watkins, Riverside, California 92507, Riverside, 92507 - 4 bed, 3 bath
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Riverside, California 92507
This Modernized University Heights Residence is a Strong Value Opportunity, listed at $789,900—positioned well below the $811,334 Fair Market Value by 2%. This valuation gap provides $21,434 in Instant Equity. Boasting a Condition Rating of 2, the home features a Remodeled Kitchen, Designer Bathrooms, and a Private Pool with Mountain Views. Its proximity to UC Riverside and a massive 18,295 sqft lot offers significant ADU Potential. This is an exceptional find for Owner-Occupants seeking a lifestyle upgrade or Buy-and-Hold Investors targeting high rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4360 Watkins Subject | $789,900* List Price | 4 | 3 | 2,090 | $392 | - |
A 151 Barret Sold | $761,000 | 4 | 2 | 1,669 | $456 | 0.3 mi |
B 5002 Trojan Court Sold | $680,000 | 4 | 3 | 2,206 | $308 | 0.7 mi |
C 134 W Broadbent Active | $728,000 List Price | 4 | 3 | 2,037 | $357 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1962, the property has undergone an extensive recent renovation that meets modern quality standards. The kitchen features contemporary white cabinetry, stone countertops, and stainless steel appliances, while the bathrooms have been fully remodeled with designer tile work and updated fixtures. The home also boasts new wood-look flooring, recessed lighting, and a well-maintained pool area, showing no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18295, living area = 2090.
Situated in the desirable University Heights near UC Riverside, the property offers significant rental demand and ADU conversion potential, making it an ideal asset for investors or multi-generational families.
The oversized 18,295 sqft lot features a private pool, stunning mountain views, and a terraced landscape with fruit trees, providing a premium outdoor living experience rarely found in the area.
Originally built in 1962, the property may have aging systems or structural components that require ongoing maintenance despite the recent cosmetic interior renovations.
The terraced backyard and proximity to a seasonal stream may necessitate specialized landscaping upkeep and careful management of drainage and erosion.
UNIVERSITY HEIGHTS- Nestled in the sought-after University neighborhood, just moments from the University of California Riverside and the scenic foothills of Box Springs Mountain, this one-of-a-kind single-level home offers endless possibilities. With a flexible layout, it can function as a 5-bedroom residence, a 4-bedroom with a dedicated family room, or even be reimagined with an ADU conversion—thanks to the existing half bath that can easily become a full. The property boasts a generous lot featuring a sparkling pool, breathtaking mountain views, and a terraced backyard that gently slopes to a seasonal stream. Fruit lovers will delight in the variety of fruit trees dotting the landscape. Inside, you'll find an updated kitchen, remodeled bathrooms, and a spacious, open floor plan with wide hallways that enhance the home’s airy, inviting feel. Additional highlights include ample off-street parking, an attached 2-car garage, and undeniable investment potential. This is more than a home—it's an opportunity to create the lifestyle or income-generating property you've been dreaming of!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,090 | 1,751.5 | 67% |
| Lot Size | 18,295 | 8,276 | 92% |
| Price | $789.9K | $653.0K | 86% |
| Price per sq ft | $378 | $388 | 47% |
| Built year | 1962 | 1974 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 189 | 2% |
Mar 11, 2026
$789,900
Initial Listing
Aug 14, 1996
$139,000
Public Record