5050 Canyon Crest Drive, Riverside, California 92507, Riverside, 92507 - 2 bed, 3 bath
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5050 Canyon Crest Drive
Riverside, California 92507
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,413Sq Ft
2,324Lot Size
Property Price
LIST PRICE$459,500
EST. MARKET VALUE
$452,815
SUMMARY
This Condominium is a Strong Value Opportunity, listed at $459,500—positioned slightly above the $452,815 Fair Market Value. While the price reflects current market stability, the property offers significant lifestyle appeal with Dual Primary Suites and a Granite Kitchen. With a Condition Rating of 4, the home is move-in ready while providing room for minor cosmetic updates to drive future appreciation. Located within walking distance of Canyon Crest Towne Centre, this is an ideal acquisition for first-time buyers or Owner-Occupants seeking a convenient, low-maintenance lifestyle.
Estimated Market Value
$452,815
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5050 Canyon Crest Drive Subject 2 bd · 3 ba · 1,413 sqft · $320 | $459,500* List Price | 2 | 3 | 1,413 | $320 | - |
A 5050 Canyon Crest 7 Sold 2 bd · 2 ba · 1,302 sqft · $358 · 0.1 mi | $465,750 | 2 | 2 | 1,302 | $358 | 0.1 mi |
B 5555 Canyon Crest F2 Sold 2 bd · 2 ba · 1,352 sqft · $344 · 0.6 mi | $465,000 | 2 | 2 | 1,352 | $344 | 0.6 mi |
C 1006 Via Zapata Sold 3 bd · 3 ba · 1,728 sqft · $327 · 0.4 mi | $565,000 | 3 | 3 | 1,728 | $327 | 0.4 mi |
D 5050 Canyon Crest Drive 43 Active 2 bd · 3 ba · 1,299 sqft · $354 · 0.0 mi | $460,000 List Price | 2 | 3 | 1,299 | $354 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1986 (38 years old), the property falls into the >20y category. While it features some recent cosmetic updates like new LVP flooring and granite countertops in the kitchen, the bathrooms remain dated with original-style cabinetry and fixtures. It is move-in ready but requires minor updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
The property is ideally situated within walking distance of the Canyon Crest Towne Centre, offering residents easy access to a variety of restaurants, shopping, and entertainment options.
- Dual Primary Suites
The floor plan features two primary suites, providing exceptional privacy and flexibility for roommates, guests, or multi-generational living arrangements.
- Upgraded Kitchen Finishes
The kitchen is enhanced with custom granite countertops and a breakfast bar, offering a modern and functional space that adds immediate value to the home.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2324, other record lot size in square feet = 11761.
- Monthly Association Fees
The $424 monthly HOA fee adds a significant recurring cost to the ownership budget, which may impact the overall affordability for some buyers.
- Lack of Scenic Views
Despite its location in the Canyon Crest area, the property listing indicates no specific views, which may be a disadvantage for buyers seeking aesthetic surroundings.
About 5050 Canyon Crest Drive
Enjoy comfort, convenience, and easy living in this lovely 2-bedroom, 2.25-bath condo in The Crest! Ideally located within walking distance of Canyon Crest Towne Centre, you’ll enjoy its charming, rustic atmosphere with a market, restaurants, shopping, entertainment, and more. Two primary suites offer privacy and flexibility, while the inviting kitchen features custom granite countertops, a breakfast bar, and an eat-in dining area. The spacious living room’s cozy fireplace creates the perfect place to unwind. Step outside to your patio for morning coffee or a relaxing evening glass of wine. With a community pool and spa, this condo offers a wonderful lifestyle in a location you’ll love!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 2,324 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $424.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,413 | 1,115.608 |
| Lot Size | 2,324 | 1,254.765 |
| Price | $459.5K | $393.4K |
| Price per sq ft | $325 | $359 |
| Built year | 1986 | 1982 |
| HOA | $424.0 | $389 |
| Days on market | 14 | 62 |
Pricing History
Listed for Sale
Oct 10, 2026
$459,500
Initial Listing