587 W Blaine, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
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Riverside, California 92507
This Value-Add Residential Asset is listed at $582,000, representing a stable entry point at its $582,000 Fair Market Value. The property offers significant potential for forced appreciation, carrying a Condition Rating of 4 that necessitates interior modernization of the kitchen and bathrooms. Spanning an impressive 1,899 square foot layout on a generous 9,583 square foot lot, the home features a private patio and prime proximity to the University of California, Riverside. Located within the Riverside Unified school district, this is a high-utility acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking a strategic rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 587 W Blaine Subject | $582,000* List Price | 3 | 2 | 1,899 | $306 | - |
A 3540 Watkins Drive Sold | $675,000 | 4 | 2 | 1,747 | $386 | 0.5 mi |
B 3160 Terrace Drive Sold | $598,000 | 3 | 2 | 1,836 | $326 | 0.8 mi |
C 270 W Blaine Sold | $655,000 | 4 | 2 | 1,672 | $392 | 0.4 mi |
D 3314 Celeste Pending | $725,000 List Price | 4 | 2 | 2,017 | $359 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this property is a classic fixer-upper that has been maintained but requires significant interior modernization. While the seller has recently updated the exterior paint and some flooring, the listing explicitly notes that the kitchen and bathrooms need remodeling and appliances require updating. The home is functional and move-in ready for a buyer willing to accept outdated finishes, but it lacks the modern systems and aesthetics required for a higher rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1899.
The property is ideally situated near the University of California, Riverside (UCR), offering high appeal for faculty, staff, or investors looking for a prime rental market with easy freeway access.
With a generous 1,899 square foot layout and a large 9,583 square foot lot, this home provides a substantial foundation for equity growth through interior modernization and personalized renovations.
The home requires comprehensive updates to the kitchen, bathrooms, and appliances to meet modern standards, which will necessitate a significant post-purchase capital investment.
Built in 1956, the property may require additional inspections and potential upgrades to older mechanical, electrical, or plumbing systems common in homes of this vintage.
Beautifully Priced and Ideally Located! Situated in one of Riverside's most desirable neighborhoods, this charming single-family home offers incredible potential and a prime location near the University of California, Riverside, local schools, shopping, and convenient freeway access. This is a fantastic opportunity for buyers seeking a home to make their own or investors looking for their next project. The home features 3 spacious bedrooms and 2 bathrooms, a cozy living room with a fireplace, a dedicated dining area that flows into the kitchen and laundry room, and a large family room perfect for gatherings. The seller has recently painted the exterior and added new flooring in select areas, providing a great start for future renovations. With some interior updates, such as kitchen and bath remodels, new flooring, fresh paint, and modern appliances, this home has all the makings of a true gem. The generous backyard, shaded by mature trees, offers the perfect space to relax and enjoy the outdoors, while the attached 2-car garage provides everyday convenience.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,899 | 1,751.5 | 60% |
| Lot Size | 9,583 | 8,276 | 63% |
| Price | $582.0K | $650.5K | 28% |
| Price per sq ft | $306 | $388 | 22% |
| Built year | 1956 | 1974 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 102 | 189 | 21% |
Jan 10, 2026
$582,000
Initial Listing
Jan 9, 2015
$280,000
Public Record
Aug 5, 2005
$375,000
Public Record
Oct 7, 2003
$488,000
Public Record
Jul 9, 2003
$320,000
Public Record