2112 Vasquez Place, Riverside, California 92507, Riverside, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$500,000
2112 Vasquez Place, Riverside, California 92507
3Beds
2Baths
1,078Sqft
9,583Lot
Year Built
1957
Close
-
List price
$500K
Original List price
$520K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25191015
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Location Location Location!!! Corner home situated on an oversized 6,000 sq. ft. lot with both a spacious front yard and backyard. This 3-bedroom, 2-bath home includes ample storage and a room addition (permits to be verified). A detached 2-car garage is located at the rear of the property. This property requires some deferred maintenance and offers opportunities for updates and improvements. Several financing options may be available, including down payment assistance programs, grants, or a 203(k) rehabilitation loan, which allows buyers to purchase and renovate the property under one loan. Buyers are encouraged to verify all permits, square footage, and eligibility for financing programs with the appropriate professionals. Located minutes from Downtown Riverside, University California Riverside, Riverside City College, Canyon Crest and the Riverside Plaza.

Price History

Date
Event
Price
10/05/25
Price Change
$500,000-3.8%
08/24/25
Listing
$520,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (125 Listings)
Beds34
48%
Baths22
50%
Square foot1,0781,732
7%
Lot Size9,5837,989
67%
Price$500K$650K
10%
Price per square foot$464$366.5
86%
Built year19579905992
21%
HOA
Days on market73173
6%
Condition Rating
Poor

Built in 1957, this property is over 60 years old and the listing description explicitly states it 'requires some deferred maintenance and offers opportunities for updates and improvements,' even suggesting a 203(k) rehabilitation loan. The visible interior features very dated green carpet, popcorn ceilings, wood paneling, and an extremely old bathroom with a yellow sink, indicating no significant renovations in many decades. The absence of kitchen photos further suggests it is likely in a similar, very dated condition. This property requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Exceptional Location: Strategically located minutes from Downtown Riverside, UC Riverside, Riverside City College, Canyon Crest, and Riverside Plaza, offering convenience and strong rental potential.
Oversized Corner Lot: Situated on a generous 9,583 sq. ft. corner lot, providing ample outdoor space with both spacious front and backyards.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and potential value.
Detached Garage & Ample Storage: Features a detached 2-car garage and ample storage throughout the home, adding practical utility and value.
Renovation Financing Potential: Eligibility for various financing options, including 203(k) rehabilitation loans, makes it attractive for buyers looking to customize and add value.

Cons

Significant Deferred Maintenance: The property requires substantial deferred maintenance and updates, indicating a need for immediate investment from the buyer.
Unverified Room Addition: A room addition exists, but its permits need verification, posing a potential legal or financial risk for the buyer.
Listed Above Estimated Value: The current listing price of $500,000 is approximately 11% above the estimated property value of $444,234, suggesting it may be overpriced.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State