5841 Palm Avenue, Riverside, CA 92506

Riverside
Local realty services provided by:ERA Excel Realty
5841 Palm Avenue,Riverside, CA 92506
$600,000
  • 3 Beds
  • 1 Baths
  • - sq. ft.
  • Single family
  • Sold
Listed by: laura mckinney
Office: keller williams riverside cent951-776-5700
MLS#:IV26164438
Source:CRMLS

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Price summary

  • Price:$600,000

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:61 day(s) ago
  • Updated:October 04, 2026 at 07:07 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Flooring:Carpet
  • Kitchen Description:Barbecue, Gas Range, Microwave

Heating and cooling

  • Cooling:Central Air, Dual
  • Heating:Central, Fireplaces
  • Central air:Yes

Structure and exterior

  • Roof:Shake, Shingle, Wood
  • Year built:1950
  • Lot Features:Back Yard, Front Yard, Near Public Transit, Rectangular Lot, Value In Land, Yard
  • Architectural Style:Traditional
  • Construction Materials:Stucco, Wood Siding
  • Exterior Features:Barbecue, RearPorch
  • Levels:1 Story

Schools

  • High school:Polytechnic
  • Middle school:Central
  • Elementary school:Magnolia

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$600,000

Features and amenities

  • Appliances:Barbecue
  • Amenities:All Bedrooms Down, Workshop

Parking

  • Total parking spaces:8
  • Parking description:Circular Driveway, Driveway, Garage, Garage Faces Front
  • Garage:Yes
  • Garage spaces:2
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