2533 Colgate Way, Riverside, California 92507, Riverside, - bed, bath
ACTIVE$340,000
2533 Colgate Way, Riverside, California 92507
2Beds
2Baths
1,024Sqft
567Lot
Year Built
1977
Close
-
List price
$340K
Original List price
$340K
Price/Sqft
-
HOA
$336
Days on market
-
Sold On
-
MLS number
OC25226369
Home ConditionFair
Features
View-
About this home
One of the few units with both an ***ATTACHED*** garage and a private backyard, offering excellent value and convenience. The home features an open layout with bright living spaces and comfortable bedrooms. Some cosmetic updates are needed, making it a perfect choice for buyers wanting to add their personal touch or investors seeking strong rental potential. Ideally located just minutes from UC Riverside, shopping, dining, and freeway access. Investors welcome—don’t miss this chance to own the best-priced home with an attached garage and private yard in this desirable community!
Price History
Date
Event
Price
10/08/25
Listing
$340,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (44 Listings) | |
|---|---|---|---|
| Beds | 2 | 2 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,024 | 1,121 | 42% |
| Lot Size | 567 | 0 | 0% |
| Price | $340K | $396K | 29% |
| Price per square foot | $332 | $380 | 24% |
| Built year | 1977 | 1986 | 29% |
| HOA | $336 | $365 | 38% |
| Days on market | 28 | 169 | 2% |
Condition Rating
Fair
Built in 1977, this property is significantly dated. The kitchen features original-style white cabinets, very dated green laminate countertops, and old vinyl flooring, though it does have newer stainless steel appliances. The bathroom is also very outdated with original-style vanity, large wall mirror, and dated tile flooring and shower enclosure. The living areas have worn carpet, popcorn ceilings, and dated wall paneling. While functional, the property requires substantial cosmetic updates throughout to meet modern standards, aligning with the 'Fair' condition criteria for properties built over 20 years ago with no major recent renovations, where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Exclusive Amenities: This unit is highlighted as one of the few offering both an attached garage and a private backyard, providing significant convenience and desirable outdoor space for a condominium.
Prime Location: Strategically located just minutes from UC Riverside, shopping, dining, and freeway access, making it highly attractive to students, faculty, and commuters.
Strong Investment Potential: Explicitly marketed to investors, its proximity to UC Riverside and competitive pricing suggest high rental demand and potential for strong returns.
Value Proposition: Positioned as the 'best-priced home' in the community for its unique combination of an attached garage and private yard, offering excellent value.
Functional Layout: Features an open layout with bright living spaces and comfortable bedrooms, providing a practical and inviting environment for residents.
Cons
Required Cosmetic Updates: The property explicitly states that 'some cosmetic updates are needed,' indicating immediate additional investment and effort for the buyer to modernize or personalize the space.
Age of Property: Built in 1977, the property is over 45 years old, which may imply older systems (plumbing, electrical, HVAC) and potential for higher maintenance costs or the need for significant renovations in the near future.
Monthly Association Fees: A monthly association fee of $336.0 adds a significant recurring cost to homeownership, which can impact affordability and overall investment returns.