4035 Madrona, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
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Riverside, California 92504
This Turnkey Renovated Residence is a Prime Investment Opportunity, listed at $659,900—positioned well below the $674,900 Fair Market Value by 2%. This valuation gap provides $15,000 in Instant Equity for incoming buyers. Boasting a Condition Rating of 2, the home features a Designer Kitchen, a Sparkling Pool, and a versatile Bonus Room suitable for a fourth bedroom. Located in the Riverside Unified School District near California Baptist University, it balances modern luxury with financial logic. This is an ideal sanctuary for growing families or university faculty.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4035 Madrona Subject | $654,900* List Price | 3 | 2 | 1,358 | $482 | - |
A 4065 Madrona Sold | $588,000 | 3 | 2 | 1,192 | $493 | 0.0 mi |
B 3867 Roblynn Street Sold | $640,000 | 3 | 2 | 1,254 | $510 | 0.3 mi |
C 4315 Shelby Sold | $585,000 | 3 | 2 | 1,395 | $419 | 0.4 mi |
D 8596 Camelia Drive Sold | $615,000 | 3 | 2 | 1,232 | $499 | 0.6 mi |
E 8673 Camelia Dr Sold | $605,000 | 3 | 2 | 1,288 | $470 | 0.6 mi |
F 8536 Brunswick Active | $620,000 List Price | 3 | 2 | 1,288 | $481 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1956, the property has undergone a comprehensive professional renovation within the last year. It features a fully updated kitchen with modern cabinetry and stainless steel appliances, renovated bathrooms with contemporary tile and fixtures, new flooring throughout, and a refreshed pool area, making it a complete turnkey home with no deferred maintenance.
The property has been fully renovated with modern finishes throughout, offering a move-in-ready experience that eliminates the need for immediate post-purchase upgrades.
The backyard features a sparkling pool and a private retreat setting, providing a high-value amenity for entertaining and enjoying the Southern California climate.
A flexible floor plan includes a potential fourth bedroom or bonus room, offering the adaptability needed for a home office, gym, or guest accommodations.
The property was recently sold within the past year on 2025-08-12. The sold price is $390,000.00.
At 5,663 square feet, the lot is relatively modest; the inclusion of a pool may leave limited additional yard space for gardening or play areas.
While the interior is modern, the 1956 construction may still possess original structural or utility elements that lack the efficiency of contemporary builds.
Welcome to 4035 Madrona Drive — a beautifully fully renovated residence in Riverside that blends modern style with functional living. This home features designer finishes throughout, open living spaces, and a versatile bonus room/office that easily converts to a 4th bedroom to fit your lifestyle needs. Relax and entertain in your private backyard oasis with a sparkling pool — the perfect retreat for warm California days and evening gatherings. Prime Southern California Location Enjoy easy access to some of the region’s most desirable destinations: • Approximately 39 miles (about a 45–50 min drive) to Orange County, ideal for beach days or shopping excursions. • Roughly 57 miles (about a 1-hour drive) to Los Angeles, offering world-class dining, entertainment, and culture. • Around 100 miles (about 1.5–2 hrs.) to San Diego, perfect for coastal adventures and family fun. • Just about 37 miles to Lake Arrowhead, your gateway to mountain lakes, hiking, and scenic escapes. • Around 52 miles to Big Bear Lake, known for year-round recreation including skiing, boating, and mountain trails. • Conveniently close — about 3 miles to California Baptist University (CBU) — making this home ideal for families, faculty, or student living. Perfectly situated in a central Riverside neighborhood with quick access to freeways, shopping, dining, parks, and top schools — this home offers lifestyle, comfort, and convenience in one compelling package.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,358 | 1,518 | 40% |
| Lot Size | 5,663 | 8,276 | 7% |
| Price | $654.9K | $620.0K | 64% |
| Price per sq ft | $482 | $414 | 77% |
| Built year | 1956 | 1960 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 201 | 9% |
Apr 15, 2026
$654,900
$659,900
-1% Price Drop
Initial Listing
Feb 20, 2026
$659,900
$674,900
-2% Price Drop
Initial Listing
Jan 28, 2026
$674,900
Initial Listing
Aug 12, 2025
$390,000
Public Record
Jul 28, 2011
$166,000
Public Record
May 22, 2003
$205,000
Public Record
Oct 13, 2000
$137,000
Public Record