5110 Caldera Court, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
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Riverside, California 92507
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $400,030 Fair Market Value by -24%. While the property requires significant renovation given its Condition Rating of 5, the expansive 10,890 sqft lot and proximity to the UCR campus provide strong rental demand. This asset is ideal for Buy-and-Hold Investors or Contractors capable of executing a full rehab to capture the value-add potential of this unique, detached-style townhouse.
Property is extensive renovation needed.
Built in 1970 (54 years old) with no evidence of major renovations. The kitchen is severely dated with missing cabinet doors, the bedroom flooring is peeling/lifting, and the exterior shows significant deferred maintenance on the driveway and landscaping. The listing confirms it needs 'TLC' and is sold 'as-is,' indicating a full rehab is necessary.
The property is situated within walking distance of the University of California, Riverside (UCR) campus, making it an ideal location for student rentals or faculty housing.
Rare for a townhouse, this unit sits on a large 10,890 sqft fenced lot with a private driveway, offering significant outdoor space and a sense of detached living.
The home is noted to qualify for FHA and VA financing, providing a valuable opportunity for first-time buyers and veterans to enter the market with lower down payment options.
The property is sold in 'as-is' condition and requires 'TLC' for updates, which will necessitate additional immediate capital investment from the buyer.
With three bedrooms but only 1.5 bathrooms, the layout may be less functional for larger families or multiple roommates compared to modern full-bath standards.
Sits On a large fenced lot, 3 bedrooms, 1.5 baths, with a 2-car garage, central air & heat. This townhouse is attached to the similar unit next to it. The townhouse has a separate driveway & private large fenced yard. The home is within a walking distance from the University of Riverside (UCR) campus. Some TLC is needed to update the home. The home is sold in as is condition. No warrantee expressed or implied. The home should qualify for FHA, VA financing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,036 | 1,641 |
| Lot Size | 10,890 | 1,505.5 |
| Price | $499.0K | $561.9K |
| Price per sq ft | $482 | $365 |
| Built year | 1970 | 2026 |
| HOA | $0 | $350 |
| Days on market | 11 | 95 |
Jul 11, 2026
$499,000
Initial Listing
Sep 26, 2003
$219,500
Public Record