One-Bedroom Income
For Sale
$250,000
1331 Massachusetts, Riverside, CA 92507
Riverside, CA
Property Size604 SF
Lot Size0.02 Acres
Price / SF$413.91
Days on Market14
Property Features for 1331 Massachusetts
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Laundry Room
Parking
1
Lot features
0-1 Unit/ Acre
Elementary school district
Riverside Unified
Middle school district
Riverside Unified
High school district
Riverside Unified
Directions
60/215 freeways
Subdivision
252 - Riverside
Standard status
Active
APN
250054073
Size
604 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$459 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
pool
spa
fitness center
clubhouse
BBQ and picnic areas
playground
gated entry
Building Details
Year built
1986
Floors in Building
2
Number of units
201
Listing Agency:
IRN Realty
(626) 322-2900
Listed By:
Yuan Hao Cheng · License #01916753
(626) 447-5100
Added: Sep 28
Changed: Oct 10
Last Checked: Oct 11 at 12:06PM
MLS# TR26211805
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condo encompasses 604 square feet, with an open living and dining area, a bedroom with a large closet, and a laundry room. Interior paint and flooring have been updated. Central heating and central air conditioning serve the unit, which was built in 1986. Parking includes an assigned carport space, with additional guest parking available.
The gated community is 1.2 miles from UC Riverside. Shared amenities include a pool and spa, fitness center, clubhouse, barbecue and picnic areas, and a playground. Public water and public sewer serve the property.
The gated community is 1.2 miles from UC Riverside. Shared amenities include a pool and spa, fitness center, clubhouse, barbecue and picnic areas, and a playground. Public water and public sewer serve the property.
Key Highlights
- 604‑square‑foot condo with 1 bedroom and 1 bathroom
- Located 1.2 miles from UC Riverside
- Assigned carport parking plus guest parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,201
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,020
$164.0K
Cap Rate 7%
$117,157
$117.2K
Cap Rate 9%
$91,122
$91.1K
Market Conditions
NOI Build-Up for 604 SF
Gross rent
$15.7K $26.04/SF
− Vacancy
−$818 −$1.35/SF
EGI
$14.9K $24.69/SF
− OpEx
−$6.7K −$11.11/SF
NOI
$8.2K $13.58/SF
Area
ZIP 92507
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,020
Cap Rate 7%
$117,157
Cap Rate 9%
$91,122
Alternative Uses
Best Use
Apartment 5plus
$117.2K
$102.5K – $136.7K
NOI $8,201 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.0K
$181.1K – $241.5K
NOI $14,490 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Explore this area
Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated finishes, community recreation facilities, and assigned carport parking are part of this residential property.
Where is this residential income property located?
The property is located at 1331 Massachusetts Riverside, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 604‑square‑foot condo with 1 bedroom and 1 bathroom; Located 1.2 miles from UC Riverside; Assigned carport parking plus guest parking
