2057 Down
About This Property
The home has been completely updated and features **new flooring throughout, quartz countertops, remodeled kitchen cabinetry, and fresh interior paint**, delivering a modern and welcoming feel that's perfect for a first-time buyer or growing family. The property is **vacant and move-in ready**Large bundled parcels are rare in this area, and this offering provides a true **blank canvas for future value-add potential**. Located in a well-established Riverside neighborhood, residents enjoy a balance of peaceful suburban living with convenient access to local shops, everyday amenities, major healthcare facilities, and nearby institutions such as **UC Riverside**.
With generous land, thoughtful upgrades, and a strong sense of community, **2057 Down St** is more than just a home-it's an opportunity to create something special in one of Riverside's growing neighborhoods.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 17, 2026 | Sold | ||
| Sold | |||
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Jan 20, 2026 | Listed by Circle Real Estate | $569,000 | |
| Listed by Circle Real Estate | |||
| Oct 11, 2025 | Price Decreased |
$524,900
↓ $24K
(4.4%) | |
| Price Decreased | |||
| Oct 1, 2025 | Listed | $549,000 | |
| Listed | |||
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Welcome to 2057 Down St, a unique Riverside opportunity with built-in potential. This 2-bed, 2-bath home sits on an 8,712 sq ft lot and is being sold together with an additional 5,227 sq ft parcel directly behind the property (APN 210-091-023), giving you over 13,900 sq ft combined. While the home needs some work, it offers investors, renovators, or visionary buyers the chance to reimagine the space, expand, or add accessory units. Large lots with bundled parcels are rare, and this one provides a blank canvas for those seeking value-add potential. The property is delivered vacant and ready for its next chapter. Residents in this part of Riverside often highlight the area’s balance of peaceful suburban living with easy access to everyday amenities, local shops, and nearby institutions like UCR and major healthcare facilities. With a strong sense of community and convenient location, this property is more than just a fixer-upper—it’s an opportunity to create something special in one of Riverside’s growing neighborhoods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017