5110 Caldera Court, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
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Riverside, California 92507
This Value-Add Townhouse Asset is listed at $510,000, positioned above the $338,765 Fair Market Value. Carrying a Condition Rating of 5, the property requires substantial rehabilitation and modernization to address over 50 years of deferred maintenance. Its primary investment appeal lies in the exceptional proximity to the University of Riverside (UCR) campus and its quiet Cul-de-Sac Location. Featuring a Large Fenced Backyard, Two-Car Garage, and private Patio, the home offers significant rental demand potential once updated. This is a strategic acquisition for Buy-and-Hold Investors or Contractors.
Property is extensive renovation needed.
Built in 1970, this property is over 50 years old and shows significant signs of age and deferred maintenance. The MLS description explicitly states 'Some TLC is needed to update the home' and it's 'sold in as is condition.' The kitchen features outdated white cabinets, worn laminate countertops, and old, mismatched appliances (except for a newer dishwasher). The bathrooms are equally dated with old vanities, fixtures, and flooring. The main living areas have very worn and dated terracotta-style floor tiles, and bedrooms have older laminate flooring. Light fixtures are basic and old. While the structure appears intact, the property requires substantial rehabilitation and updates to all major cosmetic and likely functional systems to meet current living standards, making it uncomfortable in its current state.
The property is within walking distance of The University of Riverside (UCR) campus, making it highly attractive for students, faculty, or as a rental investment.
Situated on a cozy cul-de-sac, the home benefits from reduced traffic, enhanced privacy, and a quieter living environment.
The single-story design offers broad appeal, providing accessibility and convenience for various demographics.
The home is sold 'as is' and requires 'some TLC to update,' indicating potential for significant immediate investment in renovations and upgrades.
Built in 1970, the property is over 50 years old, suggesting that systems, finishes, and overall aesthetics may be outdated and contribute to the need for updates.
As an attached townhouse, it shares walls with a neighbor, and with only 1.5 baths for 3 bedrooms, it may present functional limitations for families or multiple occupants.
Cozy Cul De Sac single story home has 3 bedrooms 1.5 baths with a two car garage, central air & heat, fireplace, large fenced backyard. This townhouse is attached to the townhouse next door. It has a separate driveway. The home is in 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 warranty expressed or implied.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 1,036 | 1,549 | 11% |
| Lot Size | 10,890 | - | 89% |
| Price | $510.0K | $537.0K | 44% |
| Price per sq ft | $492 | $347 | 89% |
| Built year | 1970 | 1990 | 22% |
| HOA | $0 | $332 | 11% |
| Days on market | 109 | 180 | 33% |
Jan 3, 2026
$510,000
Initial Listing
Sep 26, 2003
$219,500
Public Record