4656 Mcfarland, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
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Riverside, California 92506
This property presents a High-Potential Investment Opportunity with a List Price of $650,000—positioned well above the $510,063 Fair Market Value by 27%. While the current pricing reflects a premium, the 9,148 sq. ft. lot offers significant upside for future expansion or an ADU. With a Condition Rating of 5, the home requires a full interior renovation to modernize its dated infrastructure. Located in the Riverdale Joint Unified district, this is a strategic acquisition for Buy-and-Hold Investors or Contractors focused on long-term value-add projects.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4656 Mcfarland Subject | $650,000* List Price | 3 | 2 | 1,294 | $394 | - |
A 4735 Oakwood Place Sold | $650,000 | 2 | 2 | 1,544 | $421 | 0.6 mi |
B 3979 Bandini Sold | $472,000 | 2 | 1 | 1,069 | $442 | 0.9 mi |
C 4621 Beverly Court Active Under Contract | $615,000 List Price | 3 | 2 | 1,306 | $471 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, the property is 70 years old and shows a kitchen with original or severely dated cabinetry, green tile countertops, and significant wear. The lack of modern updates to the interior and the overall age of the structure suggest the need for a full rehab of the kitchen, baths, and likely the core systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1294.
The property boasts a significant 9,148 square foot lot, offering substantial outdoor space for gardening, entertaining, or potential future expansions such as an ADU.
Located in a quiet, established neighborhood in the desirable 92506 area of Riverside, providing a serene living environment with strong community appeal.
With an original build date of 1954, the home may necessitate investments in modernizing electrical, plumbing, or aesthetic elements to align with current buyer expectations.
The listing indicates no specific views from the property, which might be a drawback for buyers seeking elevated vistas or unique landscape perspectives.
it is a nice property located in a quite neighborhood. huge lot.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades K-6 • 2.3 mi
Grades K-6 • 2.4 mi
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 | 1,294 | 1,866.5 | 18% |
| Lot Size | 9,148 | 9,583 | 49% |
| Price | $650.0K | $725.0K | 31% |
| Price per sq ft | $502 | $395 | 84% |
| Built year | 1954 | 1964 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 134 | 3% |
May 24, 2026
$650,000
Initial Listing
Sep 22, 2021
$480,000
Public Record
May 16, 1996
$168,000
Public Record