1
Map
$768,000
●
House -
Off Market
4360 Watkins
Riverside, CA 92507
4 Beds
2 Baths,
1
Half Bath
2,090 Ft²
$3,879
Est. Monthly
About This Property
UNIVERSITY HEIGHTS- Nestled in the sought-after University
neighborhood, just moments from the University of California
Riverside and the scenic foothills of Box Springs Mountain, this
one-of-a-kind single-level home offers endless possibilities. With
a flexible layout, it can function as a 5-bedroom residence, a
4-bedroom with a dedicated family room, or even be reimagined with
an ADU conversion-thanks to the existing half bath that can easily
become a full.
The property boasts a generous lot featuring a sparkling pool, breathtaking mountain views, and a terraced backyard that gently slopes to a seasonal stream. Fruit lovers will delight in the variety of fruit trees dotting the landscape. Inside, you'll find an updated kitchen, remodeled bathrooms, and a spacious, open floor plan with wide hallways that enhance the home's airy, inviting feel.
Additional highlights include ample off-street parking, an attached 2-car garage, and undeniable investment potential. This is more than a home-it's an opportunity to create the lifestyle or income-generating property you've been dreaming of!
The property boasts a generous lot featuring a sparkling pool, breathtaking mountain views, and a terraced backyard that gently slopes to a seasonal stream. Fruit lovers will delight in the variety of fruit trees dotting the landscape. Inside, you'll find an updated kitchen, remodeled bathrooms, and a spacious, open floor plan with wide hallways that enhance the home's airy, inviting feel.
Additional highlights include ample off-street parking, an attached 2-car garage, and undeniable investment potential. This is more than a home-it's an opportunity to create the lifestyle or income-generating property you've been dreaming of!
Unit Size
2,090 Ft²
Days on Market
90 days
Land Size
0.42 acres
Price per sqft
$378
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1962
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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: 5 months ago (CRMLS #IV26053879)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 9, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Listed by COMPASS | $789,900 | |
| Listed by COMPASS | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
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Baths
ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About University
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Listed by: BRAD ALEWINE, COMPASS
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV26053879
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV26053879
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