6845 Barcelona, Riverside, California 92504, Riverside, 92504 - 3 bed, 1 bath
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Riverside, California 92504
This Magnolia Center Value-Add Residence is a High-Potential Investment Opportunity listed at $574,900—positioned well below the $586,836 Fair Market Value by 2%. This valuation gap provides $11,936 in Instant Equity. Maintaining a Good Condition Rating, the home features fresh interior paint, new carpeting, and an updated kitchen. The expansive 7,841 sqft lot offers significant ADU potential and a pool-sized backyard. Located within the Riverside Unified district near Ramona High, this property is a strategic acquisition for Owner-Occupants seeking a turnkey home or Buy-and-Hold Investors looking for long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6845 Barcelona Subject | $564,900* List Price | 3 | 1 | 1,140 | $504 | - |
A 6974 Capistrano Way Sold | $548,000 | 3 | 1 | 1,140 | $481 | 0.2 mi |
B 3638 Rossmuir Sold | $480,000 | 3 | 1 | 1,037 | $463 | 0.9 mi |
C 7859 Sycamore Avenue Sold | $539,000 | 2 | 1 | 1,218 | $443 | 0.6 mi |
D 6666 Evelyn Sold | $614,000 | 3 | 1 | 1,104 | $556 | 0.4 mi |
E 3936 Lester Street Sold | $541,000 | 3 | 2 | 1,161 | $466 | 0.8 mi |
F 7516 San Juan Sold | $580,000 | 3 | 1 | 984 | $589 | 0.5 mi |
G 7869 Sycamore Avenue Pending | $565,000 List Price | 3 | 2 | 1,080 | $523 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent cosmetic improvements, including brand-new carpeting and fresh interior and exterior paint. While the kitchen and bathroom styles are somewhat dated—featuring laminate countertops and basic white appliances—they are clean, functional, and well-maintained. The home benefits from modern essential systems like central air and heat, and the overall curb appeal is excellent due to the new shutters and classic picket fence. Although built in 1948, the recent updates and lack of deferred maintenance qualify it for a 'good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1140.
The property features a classic white picket fence, new black shutters, fresh interior and exterior paint, and brand-new carpeting, offering an inviting and updated aesthetic for immediate occupancy.
Situated in the highly desirable Magnolia Center, the home is within walking distance to shopping, dining, and essential services, while benefiting from no HOA fees and low utility costs.
With three bedrooms but only one bathroom, the layout may be challenging for larger households and could impact long-term resale value compared to multi-bath homes in the area.
Originally built in 1948, the home's age may necessitate future maintenance or upgrades to underlying systems such as plumbing and electrical, despite the recent cosmetic enhancements.
Price reduction on this absolutely irresistible Magnolia Center charmer with off-the-charts curb appeal! From the moment you arrive, the classic white picket fence and striking new black window shutters set the tone for this picture-perfect home. Inside, you’ll find a fresh and inviting interior featuring brand new carpeting and new interior paint, creating a light, clean canvas ready for your personal touch. The cozy living space is anchored by a fireplace, perfect for relaxing evenings, while central air and heat keep you comfortable year-round. The home offers 3 bedrooms and 1 bathroom, complete with a shower-in-tub, along with the convenience of indoor laundry, and an updated kitchen with dishwasher, gas stove and included refrigerator. Step outside to a pool-size backyard shaded by mature trees, offering endless possibilities—whether you envision a garden oasis with raised beds, space for entertaining, or even future ADU potential. A storage shed adds extra functionality, and recent exterior paint touch-ups enhance the home’s already charming presence. Located in the highly desirable Magnolia Center neighborhood, this home blends character, comfort, and opportunity in one adorable package, plus it's walking distance to shopping, banking, post office, senior center, and eateries! No HOA fees, and LOW taxes, and some of the lowest utilities in all of California!
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades PK-6 • 1.6 mi
Grades K-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,140 | 1,518 | 15% |
| Lot Size | 7,841 | 8,276 | 45% |
| Price | $564.9K | $619.5K | 24% |
| Price per sq ft | $496 | $414 | 80% |
| Built year | 1948 | 1960 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 201 | 1% |
Apr 8, 2026
$564,900
$574,900
-2% Price Drop
Initial Listing
Mar 17, 2026
$574,900
Initial Listing
May 1, 2008
$175,500
Public Record
Sep 27, 2006
$380,000
Public Record
Oct 26, 2004
$310,000
Public Record
Oct 19, 2001
$152,500
Public Record
May 4, 2001
$90,000
Public Record