1317 Massachusetts Avenue 202, Riverside, California 92507, Riverside, - bed, bath
ACTIVE$265,000
1317 Massachusetts Avenue 202, Riverside, California 92507
1Bed
1Bath
604Sqft
Lot
Year Built
1986
Close
-
List price
$265K
Original List price
$265K
Price/Sqft
-
HOA
$420
Days on market
-
Sold On
-
MLS number
CV25130797
Home ConditionFair
Features
Pool
Spa
Patio
ViewNeighborhood
About this home
Location, location, location!!! This Palmilla community in Riverside, CA offers a 1 bed, 1 bath unit with modern upgrades, including new interior paint, storage door, and window blinds. The location is highly convenient, near UCR, shopping centers, major freeways (215, 91, & 60), and The Highlander Trolley stop. The community provides secure, gated access, a detached carport (#18), and amenities like a pool, spa, and HOA-covered water & trash services. If you're looking to build equity instead of paying rent, this could be a solid investment.
Nearby schools
2/10
Highland Elementary School
Public,•PK-6•0.8mi
3/10
University Heights Middle School
Public,•7-8•0.2mi
5/10
John W. North High School
Public,•9-12•0.5mi
Price History
Date
Event
Price
06/11/25
$265,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (44 Listings) | |
|---|---|---|---|
| Beds | 1 | 2 | 33% |
| Baths | 1 | 2 | 29% |
| Square foot | 604 | 1,121 | 9% |
| Lot Size | 0 | 0 | |
| Price | $265K | $396K | 11% |
| Price per square foot | $439 | $382 | 87% |
| Built year | 1986 | 1986 | 50% |
| HOA | $420 | $375 | 78% |
| Days on market | 147 | 169 | 38% |
Condition Rating
Fair
Built in 1986, this property has received recent cosmetic updates like new paint and blinds, making it move-in ready. However, the kitchen features dated light wood cabinets, speckled countertops, and a mix of older white appliances alongside a newer stainless steel refrigerator. The bathroom vanity matches the kitchen's older style, and the light fixture is also dated. While functional and well-maintained, the core elements of the kitchen and bathroom show signs of being outdated, aligning with a property built over 20 years ago with renovations likely 15-30 years ago, or original components.
Pros & Cons
Pros
Exceptional Location: Proximity to UCR, shopping centers, major freeways (215, 91, & 60), and The Highlander Trolley stop offers unparalleled convenience and strong potential for rental demand.
Community Amenities & Security: The Palmilla community provides secure, gated access, a pool, and a spa, enhancing the living experience and resident safety.
Recent Interior Upgrades: The unit features modern updates including new interior paint, a storage door, and window blinds, making it move-in ready and aesthetically appealing.
HOA Inclusions: The Homeowners Association covers water and trash services, which helps reduce monthly utility costs for the owner.
Investment Potential: Positioned as a solid investment for building equity instead of paying rent, this property is attractive to first-time homebuyers or investors.
Cons
Compact Living Space: With only 604 sqft, the 1-bedroom, 1-bathroom layout may be restrictive for some buyers, particularly those needing more space or planning for a family.
High HOA Fees: An association fee of $420.0 per month is substantial for a 1-bedroom unit, significantly adding to the overall monthly housing expense.
Potential Overpricing: The listing price of $265,000 is 8% higher than the estimated property value of $241,242.25, suggesting it may be priced above current market expectations.