6985 Malibu Drive, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
6985 Malibu Drive
Riverside, California 92504
Property Price
SUMMARY
Analysis of 6985 Malibu Drive, Riverside, California 92504 reveals a Fairly Priced Property with a current list price of $570,000 aligned with the estimated $570,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6985 Malibu Drive Subject | $570,000* List Price | 3 | 2 | 1,724 | $331 | - |
A 8434 Monteel Place Sold | $670,000 | 4 | 2 | 1,697 | $395 | 0.6 mi |
B 3921 Heidi Sold | $595,000 | 4 | 2 | 1,404 | $424 | 0.9 mi |
C 8204 Verbena Drive Sold | $585,000 | 3 | 2 | 1,627 | $360 | 0.2 mi |
D 6844 Palomar Way Sold | $600,000 | 4 | 2 | 1,873 | $320 | 0.9 mi |
E 6831 Coronado Way Sold | $615,000 | 3 | 2 | 1,494 | $412 | 0.9 mi |
F 6746 La Jolla Drive Sold | $515,000 | 3 | 2 | 1,382 | $373 | 0.3 mi |
G 6757 Clifford Pending | $535,999 List Price | 4 | 2 | 1,687 | $318 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1954, this home is well-maintained and move-in ready with fresh interior paint, but it remains largely in its original state. The presence of dated wood paneling, textured walls, and older kitchen/bathroom styles indicates a lack of recent major renovations. While functional and featuring a pool, the property requires cosmetic updates and modernization of major systems and fixtures to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1724.
- Outdoor Living & Privacy
The property is situated on a desirable corner lot at the end of a quiet street, featuring a sparkling pool that offers a private oasis for relaxation and entertainment.
- Character & Equity Potential
This 1954 home retains charming original details and hardwood flooring, providing a move-in-ready canvas with significant potential to add value through personalized updates.
CONSRISKS & DEFICIENCIES
- Dated Aesthetic
The presence of original wood paneling and textured walls may feel outdated to modern buyers, likely requiring an additional investment in cosmetic renovations.
- Market Momentum
A history of multiple price reductions from the original list price suggests the property has faced challenges in attracting buyers at its previous valuation points.
About 6985 Malibu Drive
Welcome to 6985 Malibu Drive in Riverside! This charming 3-bedroom, 2-bath home offers timeless character and plenty of potential to make it your own. Newly painted throughout the entire interior, the home features a blend of original details—including wood paneling and textured walls—alongside hardwood flooring that’s ready to shine with a simple refresh. Enjoy the sparkling pool, perfect for relaxing or entertaining, set on a desirable corner lot at the end of a quiet street that provides extra privacy and minimal traffic. The location is ideal—just 15 minutes from the vibrant shops, dining, and culture of historic downtown Riverside, while still giving you a peaceful retreat to call home. Move-in ready with room to add your personal touch, this home is a wonderful opportunity to create your next chapter in one of Riverside’s most convenient locations. Don’t miss the chance to see it for yourself!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,724 | 1,540 | 58% |
| Lot Size | 8,712 | 8,712 | 50% |
| Price | $570.0K | $620.0K | 27% |
| Price per sq ft | $331 | $412 | 12% |
| Built year | 1954 | 1959 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 156 | 183 | 30% |
Pricing History
Listed for Sale
Feb 16, 2026
$570,000
$599,000
-5% Price Drop
Initial Listing
Price Change
Nov 21, 2025
$599,000
$610,000
-2% Price Drop
Initial Listing
Price Change
Oct 30, 2025
$610,000
$619,900
-2% Price Drop
Initial Listing
Price Change
Oct 16, 2025
$619,900
$624,900
-1% Price Drop
Initial Listing
Price Change
Oct 2, 2025
$624,900
Initial Listing