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2505 Pennsylvania Avenue Avenue, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath

2505 Pennsylvania Avenue Avenue, Riverside, California 92507 home-pic-0
ACTIVE$559,000
2505 Pennsylvania Avenue Avenue, Riverside, California 92507
4Beds
2Baths
1,345Sqft
7,841Lot
Year Built
1960
Close
-
List price
$559K
Original List price
$569K
Price/Sqft
$416
HOA
-
Days on market
-
Sold On
-
MLS number
219130312DA
Home ConditionExcellent
Features
Good View: Panoramic
Patio
ViewPanoramic

About this home

We found 3 Cons,6 Pros. Rank: price - $559.0K(19th), sqft - 1345(19th), beds - 4(50th), baths - 2(50th).

Welcome to this charming single family Gem just minutes from downtown Riverside! This home is Ideally positioned near the 91 and 215 freeways, along with convenient access to shopping, UCR, downtown, and other key areas. This beautifully remodeled 4-bedroom, 2-bathroom home is ready for you to make it your own. Upon entering, you'll be greeted by fresh paint and new wood laminate flooring, both completed in 2023. The kitchen boasts fully renovated cabinets, countertops, and appliances. Enjoy the versatility of a separate family room that can double as a cozy library for reading enthusiasts. As you proceed down the hallway, you'll find four upgraded bedrooms and modernized bathrooms, But the upgrades don't stop there; the roof was replaced around 2018, new windows were installed in 2020, and the exterior was painted that same year. You will never run out of room with the oversized front and back yard with room for RV Parking, Storage, or an ADU for any investor looking for additional rental income. Take advantage of this fantastic opportunity to settle into a fully upgraded home near everything Riverside has to offer.

Price History

Date
Event
Price
12/05/25
Price Change
$559,000-1.8%
05/22/25
Listing
$569,000
Condition Rating
Excellent
Despite being built in 1960, this property has undergone extensive and recent renovations, bringing its condition to an excellent standard. The description explicitly states 'fresh paint and new wood laminate flooring, both completed in 2023,' a 'fully renovated kitchen with new cabinets, countertops, and appliances,' and 'modernized bathrooms.' Images confirm these updates, showing a contemporary kitchen with white shaker cabinets, quartz-like countertops, and stainless steel appliances, and bathrooms with modern vanities and fixtures. Key systems like the roof (2018) and windows (2020) have also been recently replaced. These comprehensive updates, particularly within the last 5 years for the interior, align perfectly with the 'Excellent' criteria for a property extensively renovated to current quality standards with virtually new components and no deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1345.
Extensive Recent Renovations: The home boasts significant recent interior upgrades, including fresh paint, new wood laminate flooring (2023), a fully renovated kitchen with new cabinets, countertops, and appliances, and modernized bathrooms and bedrooms, offering a move-in ready experience.
Key System Upgrades: Major capital improvements have been addressed, such as a replaced roof (2018), new windows (2020), and exterior paint (2020), reducing immediate maintenance concerns for a buyer.
Prime Location & Accessibility: Strategically located minutes from downtown Riverside, with excellent access to the 91 and 215 freeways, shopping, UCR, and other key areas, enhancing convenience and potential appreciation.
Large Lot with ADU/RV Potential: The oversized front and back yard provides ample space for RV parking, additional storage, or the potential to add an Accessory Dwelling Unit (ADU), offering significant value for investors or homeowners seeking extra income/space.
Panoramic View: The property benefits from a panoramic view, adding a desirable aesthetic and potentially increasing its market value and appeal.

Cons

Age of Property: Built in 1960, while extensively remodeled, the property's age suggests potential for older underlying infrastructure (e.g., plumbing, electrical) that may not have been fully updated beyond the explicitly mentioned renovations.
Lack of Mentioned Cooling System: The description details numerous upgrades but does not specify the presence or type of a cooling system, which is a critical amenity for comfort in Riverside's warm climate and could be a significant omission for potential buyers.
Recent Price Reduction: A recent price drop from $569,000 to $559,000 could indicate initial overpricing or market resistance, potentially affecting perceived value or negotiation leverage for prospective buyers.

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