5050 Canyon Crest, Riverside, California 92507, Riverside, 92507 - 2 bed, 3 bath
Loading property details...
5050 Canyon Crest
Riverside, California 92507
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,302Sq Ft
3,049Lot Size
Property Price
LIST PRICE$455,500
EST. MARKET VALUE
$431,467
5% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at $455,500, positioned above the $431,468 Fair Market Value. While the property requires cosmetic updates to its Condition Rating of 4, it features a newly replaced AC and upgraded kitchen appliances. The unit offers a functional 1-story layout with a 2-car garage and mountain views, situated in a prime location near UCR. This asset is well-suited for Buy-and-Hold Investors or first-time buyers looking to build value through strategic interior modernization in a high-demand rental corridor.
Estimated Market Value
$431,467
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 Subject | $455,500* List Price | 2 | 3 | 1,302 | $331 | - |
A 5050 Canyon Crest 7 Sold | $465,750 | 2 | 2 | 1,302 | $358 | 0.0 mi |
B 600 Central Avenue 332 Sold | $340,000 | 2 | 2 | 1,076 | $316 | 0.6 mi |
C 1006 Via Zapata Sold | $565,000 | 3 | 3 | 1,728 | $327 | 0.5 mi |
D 375 Central Avenue #14 Sold | $386,000 | 2 | 2 | 960 | $402 | 0.7 mi |
E 5050 Canyon Crest Drive 43 Active Under Contract | $460,000 List Price | 2 | 3 | 1,299 | $354 | 0.1 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, the property is nearly 40 years old and remains largely dated with original-style cabinetry and older carpeting. While the HVAC system (AC) and select kitchen appliances (stove/microwave) are new, the overall interior requires cosmetic updates to the kitchen and bathrooms to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
The property is ideally situated within walking distance of the Canyon Crest shopping center and in close proximity to UCR, making it highly attractive for students, faculty, and local professionals.
- Recent Upgrades
Significant value is added through a newly replaced AC system and brand-new kitchen appliances, including a stove and microwave, reducing immediate maintenance concerns for the buyer.
- Desirable Layout and Parking
This single-story unit features a spacious kitchen and includes a private 2-car garage with an automatic opener, a rare and highly sought-after amenity for condominium living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 2178. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1302, other record living area = 1413.
- Market Stagnation
With 82 days on the market and multiple price adjustments, the property may be facing challenges in buyer perception or initial overpricing relative to current market demand.
- High Monthly Carrying Costs
The monthly association fee of $424 represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
About 5050 Canyon Crest
Very nice condo located walking distance from Canyon Crest shopping center and UCR is just down the street. The 1 story condo has 2 bedrooms and 2 bathrooms. Large kitchen with lots of counter space. Master bedroom has walk in closet. This unit comes with a 2 car garage with auto opener. AC was just replaced. New stove and microwave just added.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 3,049 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 | 1,302 | 1,143.641 |
| Lot Size | 3,049 | 1,329.769 |
| Price | $455.5K | $397.1K |
| Price per sq ft | $350 | $365 |
| Built year | 1986 | 1982 |
| HOA | $424.0 | $377 |
| Days on market | 100 | 58 |
Pricing History
Listed for Sale
Jul 21, 2026
$455,500
$460,500
-1% Price Drop
Initial Listing
Price Change
Jun 19, 2026
$460,500
$440,000
+5% Price Increase
Initial Listing
Price Change
Jun 1, 2026
$440,000
Initial Listing
Sold
May 3, 2024
$460,000
Public Record
Sold
Jul 18, 2002
$150,000
Public Record