5841 Palm Avenue, Riverside, CA 92506
Local realty services provided by:ERA North Orange County Real Estate
Listed by: laura mckinney
Office: keller williams riverside cent
MLS#:IV26164438
Source:San Diego MLS via CRMLS
Price summary
- Price:$574,900
- Price per sq. ft.:$321.53
About this home
Rare Wood Streets Investment Opportunity! Attention investors, contractors, and developersthis is the value-add project youve 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 propertys upside. Located in Riversides 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!...
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Home facts
- Year built:1950
- Listing ID #:IV26164438
- Added:16 day(s) ago
- Updated:August 20, 2026 at 02:21 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Carpet
- Kitchen Description:Barbecue, Gas Range, Microwave
- Living area:1,788 sq. ft.
Heating and cooling
- Cooling:Central Forced Air, Dual
- Heating:Fireplace, Forced Air Unit
Structure and exterior
- Roof:Shake, Shingle, Wood
- Year built:1950
- Building area:1,788 sq. ft.
- Architectural Style:Traditional
- Construction Materials:Stucco, Wood
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$574,900
- Price per sq. ft.:$321.53
Features and amenities
- Appliances:Barbecue, Gas Range, Microwave
Parking
- Total parking spaces:8
- Parking description:Garage
- Garage spaces:2
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