
Riverside, California 92506
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $580,000—positioned slightly above the $572,821 Fair Market Value. While priced at market, the property features a Condition Rating of 3, offering a move-in ready interior with significant Development Potential on its oversized cul-de-sac lot. The ability to add an ADU or expand the outdoor space provides a clear path to forced appreciation. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value in the Riverside Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6050 Colonial Subject | $580,000* List Price | 3 | 2 | 1,126 | $509 | - |
A 3439 Mono Sold | $630,000 | 3 | 1 | 1,194 | $528 | 0.3 mi |
B 3595 Timothy Way Sold | $580,000 | 3 | 1 | 1,134 | $511 | 0.7 mi |
C 3483 Wanda Sold | $685,000 | 3 | 2 | 1,292 | $530 | 0.5 mi |
D 6795 Glacier Sold | $605,000 | 3 | 2 | 1,186 | $510 | 0.9 mi |
E 3495 Mono Drive Sold | $605,000 | 3 | 2 | 1,392 | $435 | 0.3 mi |
F 3708 Jurupa Sold | $605,000 | 3 | 1 | 1,314 | $460 | 0.3 mi |
G 3980 Linwood Sold | $585,000 | 2 | 2 | 1,059 | $552 | 0.6 mi |
H 4538 Merrill Sold | $605,000 | 3 | 1 | 1,158 | $522 | 1.0 mi |
I 4443 Highland Place Active | $539,900 List Price | 3 | 2 | 1,096 | $493 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1951, the property has undergone significant interior updates including a renovated kitchen with butcher block countertops and stainless steel appliances, modern laminate flooring, and recessed lighting. The home appears well-maintained and move-in ready, though the exterior landscaping remains basic.
The oversized lot at the end of a cul-de-sac offers significant flexibility for adding an ADU, pool, or expansive outdoor entertaining space, providing excellent long-term value.
A long driveway provides rare and abundant space for multiple vehicles, recreational toys, or guest parking, which is a premium feature for a property at this price point.
Situated in a quiet, private setting while remaining minutes from Riverside’s top shopping, dining, and schools, offering a perfect balance of seclusion and urban convenience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1126, other record living area = 849. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
With only 1,126 square feet for a three-bedroom, two-bathroom home, the interior layout may feel compact, particularly in the bedroom and common living areas.
The property does not offer any significant views, which may be a drawback for buyers seeking the aesthetic appeal of the surrounding Riverside landscape or city lights.
Welcome to 6050 Colonial Drive, where comfort, convenience, and opportunity come together on an oversized lot tucked away at the end of a cul-de-sac. This charming single-story home offers 3 bedrooms, 2 bathrooms, a functional floor plan, and exceptional outdoor space rarely found at this price point. A long driveway provides abundant parking for multiple vehicles, recreational toys, or guests, while the spacious lot opens the door to endless possibilities. Whether you’ve dreamed of adding a pool, creating the ultimate backyard entertaining space, planting a garden, or building an Accessory Dwelling Unit (ADU) for multigenerational living or rental income (buyer to verify), this property offers the space to bring your vision to life. Inside, you’ll find comfortable living spaces filled with natural light, laminate wood floor, creating a warm and inviting place to call home. The single-level layout provides everyday convenience and easy living for all stages of life. Perfectly situated just minutes from shopping, restaurants, parks, schools, and everyday conveniences, you’ll love the ability to enjoy everything Riverside has to offer while coming home to the privacy of a peaceful cul-de-sac setting. Whether you’re a first-time homebuyer, growing family, investor, or someone looking for a property with incredible long-term potential, 6050 Colonial Drive presents an exceptional opportunity to own a home with space, flexibility, and an unbeatable location. Come experience all the possibilities this Riverside gem has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,126 | 1,867.892 |
| Lot Size | 6,970 | 8,787.773 |
| Price | $580.0K | $692.3K |
| Price per sq ft | $515 | $386 |
| Built year | 1951 | 1980 |
| HOA | $0 | $151 |
| Days on market | 48 | 55 |
Jul 23, 2026
$580,000
Initial Listing
Feb 5, 2021
$420,000
Public Record
Jan 24, 2019
$310,000
Public Record
Aug 30, 2012
$155,000
Public Record
Jun 15, 2007
$300,000
Public Record
Feb 15, 2006
$364,000
Public Record
Apr 8, 2005
$185,000
Public Record