475 Transit Avenue, Riverside, California 92507, Riverside, - bed, bath
ACTIVE$534,999
475 Transit Avenue, Riverside, California 92507
3Beds
1Bath
760Sqft
4,792Lot
Year Built
1929
Close
-
List price
$535K
Original List price
$535K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25115806
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights
About this home
Beautiful And Affordable Starter Home With A Great Potential! Price To Sell Fast! This Beautiful And Cozy 3 Bedroom And 2 Baths Home Is A Great Opportunity For A First -Time Buyer To Build Equity Or An Investment. Don’t Miss Out This Excellent Opportunity. Close to Downtown, Freeways And Much More Property To Be Sold-As-Is! Drive-By Only
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (125 Listings) | |
|---|---|---|---|
| Beds | 3 | 4 | 48% |
| Baths | 1 | 2 | 6% |
| Square foot | 760 | 1,732 | 1% |
| Lot Size | 4,792 | 7,880 | 10% |
| Price | $535K | $650K | 14% |
| Price per square foot | $704 | $366.5 | 99% |
| Built year | 1929 | 9905992 | 12% |
| HOA | |||
| Days on market | 166 | 173 | 44% |
Condition Rating
Fair
The property was built in 1929 and is being sold 'as-is'. The listing suggests it's a good opportunity for a first-time buyer to build equity, implying that updates and renovations are likely needed, especially in the kitchen and bathroom. The exterior image shows an older home that appears maintained but not recently renovated. Therefore, a 'fair' condition score is appropriate.
Pros & Cons
Pros
Affordable Price Point: Listed at $534,999, this property presents an accessible entry point for first-time homebuyers in the Riverside market.
Investment Potential: The listing highlights the opportunity to build equity, suggesting potential for value appreciation through renovations and improvements.
Desirable Location: Close proximity to downtown Riverside and freeways offers convenient access to amenities, employment centers, and transportation.
City Lights View: The property boasts a 'City Lights' view, adding to its aesthetic appeal and potential resale value.
Starter Home: The property is marketed as a starter home, which is attractive to first-time buyers.
Cons
As-Is Condition: The property is being sold 'as-is,' indicating potential for deferred maintenance and required repairs, which may deter some buyers.
Age and Condition: Built in 1929, the property's age suggests potential for outdated systems and structural issues, requiring thorough inspection and possible renovation.
Limited Square Footage: With only 760 sqft, the living space may be insufficient for larger families or those desiring more room.