
Riverside, California 92504
This Multi-Generational Residence is a Strong Value Opportunity, listed at $685,000—positioned slightly above the $676,682 Fair Market Value. While the price reflects current market stability, the property offers significant utility through its 5-bedroom layout and two primary suites. Featuring a Condition Rating of 3, the home includes a solar power system and tankless water heater for long-term efficiency. Situated on a large 7,405 sqft corner lot with RV parking, this home is an ideal acquisition for multi-generational families or first-time buyers seeking flexible living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8461 Colorado Subject 5 bd · 3 ba · 1,377 sqft · $484 | $685,000* List Price | 5 | 3 | 1,377 | $484 | - |
A 4375 Toyon Sold 4 bd · 2 ba · 1,509 sqft · $424 · 0.4 mi | $640,000 | 4 | 2 | 1,509 | $424 | 0.4 mi |
B 5847 Central Avenue Sold 3 bd · 2 ba · 1,416 sqft · $431 · 0.8 mi | $610,000 | 3 | 2 | 1,416 | $431 | 0.8 mi |
C 5911 Green Valley Sold 4 bd · 2 ba · 1,347 sqft · $434 · 0.4 mi | $585,000 | 4 | 2 | 1,347 | $434 | 0.4 mi |
D 8536 Brunswick Sold 3 bd · 2 ba · 1,288 sqft · $484 · 0.2 mi | $624,000 | 3 | 2 | 1,288 | $484 | 0.2 mi |
E 6853 Morningside Sold 3 bd · 2 ba · 1,260 sqft · $492 · 0.4 mi | $620,000 | 3 | 2 | 1,260 | $492 | 0.4 mi |
F 8614 Camelia Sold 3 bd · 2 ba · 1,288 sqft · $479 · 0.3 mi | $617,000 | 3 | 2 | 1,288 | $479 | 0.3 mi |
G 8584 Camelia Sold 4 bd · 2 ba · 1,673 sqft · $389 · 0.3 mi | $650,000 | 4 | 2 | 1,673 | $389 | 0.3 mi |
H 8254 San Vicente Avenue Sold 3 bd · 2 ba · 1,206 sqft · $536 · 0.3 mi | $646,000 | 3 | 2 | 1,206 | $536 | 0.3 mi |
I 8476 Colorado Active 3 bd · 2 ba · 1,328 sqft · $495 · 0.0 mi | $658,000 List Price | 3 | 2 | 1,328 | $495 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1994 (30 years old), the property shows clear evidence of maintenance and partial renovation within the 5-15 year window. Key updates include a modernized bathroom with stone countertops and vessel sinks, updated tile flooring in bedrooms, and significant system upgrades including a solar power system and a tankless water heater. The home appears move-in ready and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1377.
Featuring five bedrooms and two primary suites, this home is uniquely configured for multi-generational living or large families, offering rare flexibility and privacy for a residence of this size.
The property is equipped with a solar power system and central air conditioning, providing significant long-term utility savings and year-round climate control for the homeowner.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
With five bedrooms and three bathrooms packed into just 1,377 square feet, the individual room sizes and common living areas may feel cramped or undersized for some families.
The property has been active on the market for 49 days, which may indicate that the current list price is facing resistance relative to its square footage or local market competition.
Welcome to 8461 Colorado Avenue, a beautifully maintained corner-lot home located in one of Riverside's established and family-friendly neighborhoods. Situated directly across the street from Adams Elementary School, this property offers the perfect blend of comfort, convenience, and long-term value. This spacious residence features two Primary Bedrooms, making it an excellent option for multi-generational living, extended family, guests, or anyone seeking additional privacy and flexibility. The home is equipped with central air conditioning and heating for year-round comfort, along with a solar power system designed to help reduce utility costs and improve energy efficiency. The desirable corner lot provides added privacy, enhanced curb appeal, RV Parking, and additional outdoor space for entertaining, gardening, or future possibilities. Located in a well-established neighborhood known for its mature trees and pride of ownership, residents enjoy convenient access to shopping, dining, parks, schools, and major commuter routes including the 91 Freeway. Whether you're a first-time buyer, growing family, or someone looking for a home that accommodates multiple generations under one roof, this property delivers exceptional value in today's market. Enjoy the benefits of an established Riverside community with larger lots, a strong sense of neighborhood, and easy access to everything the Inland Empire has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,377 | 1,854.896 |
| Lot Size | 7,405 | 8,680.308 |
| Price | $685.0K | $698.4K |
| Price per sq ft | $497 | $380 |
| Built year | 1994 | 1982 |
| HOA | $0 | $156 |
| Days on market | 92 | 57 |
Jul 24, 2026
$685,000
Initial Listing
Jul 11, 2019
$420,000
Public Record
Sep 16, 1994
$135,500
Public Record