5841 Palm Avenue, Riverside, CA 92506
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5841 Palm Avenue, Riverside, CA 92506
5841 Palm Avenue, Riverside, CA 92506
5841 Palm Avenue, Riverside, CA 92506
5841 Palm Avenue, Riverside, CA 92506
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Tim Freund

Tim Freund

+1(805) 427-3008
Listed by LAURA MCKINNEY • KELLER WILLIAMS RIVERSIDE CENT
$ 574,900
Est. payment /mo
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Active Under Contract

5841 Palm Avenue Riverside, CA 92506

3 Beds

1 Bath

1,788 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,788 sqft

Price per Sqft $321

MLS Listing ID IV-26164438

Style Traditional

Bedrooms 3

Full Baths 1

Year Built 1950

Lot Size 0.430 Acres

Property Sub-Type Single Family Residence

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Rare Wood Streets Investment Opportunity! Attention investors, contractors, and developers—this is the value-add project you've been waiting for. Situated on a flat, usable lot of nearly one-half acre, this single-story home offers approximately 1,788 square feet with 3 bedrooms, 1 bathroom, plus a spacious bonus room with closet that could serve as an office, den, or potential 4th bedroom (buyer to verify). The detached workshop is a standout feature, complete with its own HVAC system, electrical, dedicated sub-panel, and built-in air compressor lines, creating endless possibilities for a workshop, hobby space, or future ADU conversion (buyer to verify). The expansive lot offers additional potential for expansion or ADU opportunities, subject to City approval. Major components including the HVAC system, electrical panel, and water heater have already been updated, allowing investors to focus on maximizing the property's upside. Located in Riverside's highly desirable Wood Streets neighborhood, opportunities like this are becoming increasingly difficult to find. Property is being sold strictly AS-IS. Seller will make no repairs, provide no credits, and will not renegotiate based on inspections or property condition. Cash and hard money financing are strongly preferred. Schedule a showing before it's too late!

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Heating Central, Fireplace(s)

Cooling Central Air, Dual

Flooring Carpet

Fireplaces Type Living Room

Laundry In Garage

Exterior

Exterior Feature Barbeque Private

Parking Features Circular Driveway, Driveway

Garage Spaces 2.0

Pool None

Community Features Curbs, Sidewalks, Street Lights, Suburban

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

Building

Lot Description Front Yard, Lot 10000-19999 Sqft, Near Public Transit, Rectangular Lot, Value In Land, Yard, 0-1 Unit/Acre, Back Yard

Sewer Public Sewer

Schools

Elementary Schools Magnolia

Middle Schools Central

High Schools Polytechnic

Others

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Tim Freund

Tim Freund

+1(805) 427-3008

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5841 Palm Avenue