5841 Palm Avenue, Riverside, CA 92506

Riverside
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
5841 Palm Avenue,Riverside, CA 92506
$574,900
  • 3 Beds
  • 1 Baths
  • 1,788 sq. ft.
  • Single family
  • Active
Listed by: laura mckinney
Office: keller williams riverside cent
MLS#:IV26164438
Source:MLSListings

Price summary

  • Price:$574,900
  • Price per sq. ft.:$321.53

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:IV26164438
  • Added:1 day(s) ago
  • Updated:August 07, 2026 at 04:47 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Dining Description:Formal Dining Room
  • Kitchen Description:Microwave
  • Bedroom Description:Ground Floor Bedroom
  • Living area:1,788 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Forced Air, Fireplace

Structure and exterior

  • Roof:Shake, Shingle, Wood Shakes/Shingles
  • Year built:1950
  • Building area:1,788 sq. ft.
  • Lot area:0.43 Acres
  • Lot Features:Mid Block
  • Architectural Style:Traditional
  • Exterior Features:Barbecue Area, Porch - Other
  • Levels:1 Story

Schools

  • High school:POLYTE
  • Middle school:CENTRA2
  • Elementary school:MAGNOL

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$574,900
  • Price per sq. ft.:$321.53

Features and amenities

  • Laundry features:In Garage

Parking

  • Parking description:Garage, Other, RV Possible
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