$415,000
●
House -
Off Market
2449 Rancho Drive
Riverside, CA 92507
3 Beds
2 Baths
1,907 Ft²
$585,361
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
STOP!!! THIS IS THE PROPERTY YOU HAVE BEEN LOOKING FOR. EVERYTHING
HAS BEEN DONE TO THIS HOME. NEW ROOF (50years) NEW KITCHEN WITH UP
TO DATE CABINETS AND QUARTZ COUNTER TOPS, NEW BATHROOMS, NEW
FLOORING, NEW PAINT INTERIOR & EXTERIOR, NEW WINDOWS. DON'T LET
THIS ONE GET AWAY. LOCATED IN A DESIRABLE NEIGHBERHOOD IN
RIVERSIDE, NEAR FREEWAYS, AND SHOPPING CENTER> THIS HOME IS VERY
EASY TO SHOW
Unit Size
1,907 Ft²
Days on Market
160 days
Land Size
0.20 acres
Price per sqft
$210
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (CRMLS #MB19148377)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Mar 29, 2026 | Listed by RE/MAX TIME REALTY | $825,000 | |
| Listed by RE/MAX TIME REALTY | |||
| | |||
|
Prime Riverside Opportunity: Main House + ADU 2449 Rancho Dr. offers the perfect dual-living setup in a quiet, highly desirable Riverside neighborhood. This versatile property is ideal for owner-occupants seeking rental income/multi-generational space or investors looking for a high-yield portfolio addition. Main House: Charming 3-bed, 2-bath single-family residence with a spacious, functional layout. ADU: Private 1-bed, 1-bath unit featuring a modern mini-split system for efficient heating and air. Whether you're looking to "house-hack" and offset your mortgage or maximize your ROI with two units on one lot, this property delivers. Situated in a peaceful area close to local amenities, it’s a rare find that combines comfort with serious investment potential. Schedule your showing today!
| |||
| Nov 30, 2019 | Sold | ||
| Sold | |||
| Jun 23, 2019 | Listed by FAR WEST REALTY | $399,900 | |
| Listed by FAR WEST REALTY | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Eastside
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Listed by: ROBERT MAY, FAR WEST REALTY
Last Updated: 4 months ago
Data Source: CRMLS, MLS# MB19148377
Last Updated: 4 months ago
Data Source: CRMLS, MLS# MB19148377
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