2057 Down, Riverside, California 92507, Riverside, - bed, bath

home-pic
ACTIVE$524,900
2057 Down, Riverside, California 92507
2Beds
2Baths
1,401Sqft
13,939Lot
Year Built
1946
Close
-
List price
$525K
Original List price
$549K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
RS25230154
Home ConditionFair
Features
Patio
View-

About this home

Welcome to 2057 Down St, a unique Riverside opportunity with built-in potential. This 2-bed, 2-bath home sits on an 8,712 sq ft lot and is being sold together with an additional 5,227 sq ft parcel directly behind the property (APN 210-091-023), giving you over 13,900 sq ft combined. While the home needs some work, it offers investors, renovators, or visionary buyers the chance to reimagine the space, expand, or add accessory units. Large lots with bundled parcels are rare, and this one provides a blank canvas for those seeking value-add potential. The property is delivered vacant and ready for its next chapter. Residents in this part of Riverside often highlight the area’s balance of peaceful suburban living with easy access to everyday amenities, local shops, and nearby institutions like UCR and major healthcare facilities. With a strong sense of community and convenient location, this property is more than just a fixer-upper—it’s an opportunity to create something special in one of Riverside’s growing neighborhoods.

Price History

Date
Event
Price
10/11/25
Price Change
$524,900-4.4%
10/04/25
Listing
$549,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (125 Listings)
Beds24
4%
Baths22
50%
Square foot1,4011,732
23%
Lot Size13,9397,989
90%
Price$525K$650K
13%
Price per square foot$375$366.5
53%
Built year19469905992
13%
HOA
Days on market32173
2%
Condition Rating
Fair

The property was built in 1946, making it over 50 years old. While the kitchen features stainless steel appliances, the wood-toned cabinets, granite countertops, and mosaic backsplash appear to be from an older renovation, likely 15-25 years ago, and are not modern. Both bathrooms are significantly dated with older vanities, fixtures, and tile work. The carpets throughout the living areas and bedrooms are worn and stained, indicating a need for replacement. The overall condition, including the exterior and landscaping, suggests the home is aged and requires substantial cosmetic updates and repairs, aligning with the 'fair' category's description of a home that is aged but maintained through regular upkeep and occasional updates, with major components functional but showing signs of being outdated. The listing description itself refers to it as a 'fixer-upper' that 'needs some work' and offers 'value-add potential', further supporting this assessment.
Pros & Cons

Pros

Exceptional Lot Size & Development Potential: The property boasts a substantial combined lot size of over 13,900 sq ft, including an additional parcel, offering rare opportunities for expansion, adding Accessory Dwelling Units (ADUs), or potential redevelopment.
Significant Value-Add Opportunity: Explicitly marketed as a 'blank canvas' and 'fixer-upper,' this property is ideal for investors, renovators, or visionary buyers seeking to reimagine the space, expand, or add units, promising substantial future equity.
Strategic & Convenient Location: Situated in a desirable part of Riverside, the property offers a balance of peaceful suburban living with easy access to everyday amenities, local shops, UCR, and major healthcare facilities, fostering a strong sense of community.
Vacant for Immediate Project Commencement: The property is delivered vacant, simplifying the acquisition and renovation process by allowing for immediate project commencement without the complexities of tenant relocation or lease agreements.
Recent Price Adjustment: A recent price reduction from $549,000 to $524,900 indicates increased seller motivation and presents a more attractive entry point for potential buyers, suggesting room for negotiation.

Cons

Extensive Renovation Required: The description clearly states 'the home needs some work' and is a 'fixer-upper,' indicating that significant capital investment, time, and effort will be necessary for modernization, repairs, and upgrades.
Age of Property: Built in 1946, the home is 78 years old, which typically implies outdated systems (plumbing, electrical, HVAC), potential for lead paint or asbestos, and a need for comprehensive renovations to meet current standards and buyer expectations.
Lack of Described Views: The property details explicitly state 'view: None,' which could be a drawback for buyers prioritizing scenic outlooks or premium views, potentially limiting its market appeal compared to properties offering such amenities.

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