
Riverside, California 92507
This property presents a Strong Value Opportunity with a List Price of $499,000—positioned well below the $548,507 Fair Market Value by 9%. This valuation gap offers $49,507 in Instant Equity for the buyer. Featuring a Mint Condition Rating due to recent renovations across all three units, this asset provides immediate rental income potential near a major university. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-yield investment in the Riverside Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4422 Victoria Avenue Subject 5 bd · 3 ba · 1,670 sqft · $327 | $499,000* List Price | 5 | 3 | 1,670 | $327 | - |
A 2942 Denton Sold 5 bd · 2 ba · 1,990 sqft · $316 · 0.4 mi | $629,000 | 5 | 2 | 1,990 | $316 | 0.4 mi |
B 2723 Iris Street Sold 4 bd · 3 ba · 1,488 sqft · $386 · 0.5 mi | $575,000 | 4 | 3 | 1,488 | $386 | 0.5 mi |
C 2483 Rancho Pending 3 bd · 2 ba · 1,811 sqft · $326 · 0.3 mi | $590,000 List Price | 3 | 2 | 1,811 | $326 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1950, the property has been recently remodeled across all three units. Interior images show modern wood-look tile flooring, recessed lighting, and completely updated bathrooms with new vanities, toilets, and contemporary wall tiling, meeting the criteria for a recent renovation in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1670.
The property features three remodeled units, offering high rental yield potential and making it an attractive turnkey option for investors seeking immediate cash flow.
Located near a major university in the 92507 zip code, the property benefits from consistent student and faculty housing demand, ensuring low vacancy rates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1670, other record living area = 1160. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
With 5 bedrooms and 3 baths packed into only 1,670 square feet across three units, the individual living spaces are likely quite small and may feel cramped for tenants.
Built in 1950, the property may have underlying vintage plumbing or electrical systems that could require more frequent maintenance compared to newer constructions.
Property used as a rental units: Main unit - 3 BR 1 Bath. The back units are both 1BR and 1Bath each. Drive-by only. Please do not disturb tenants. good rents, very highly rental, good investment property, close to university.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,670 | 1,854.896 |
| Lot Size | 7,405 | 8,680.308 |
| Price | $499.0K | $698.4K |
| Price per sq ft | $299 | $380 |
| Built year | 1950 | 1982 |
| HOA | $0 | $156 |
| Days on market | 63 | 57 |
Aug 22, 2026
$499,000
Initial Listing
Jul 13, 2021
$340,000
Public Record