5841 Palm AVE, Riverside, CA 92506
5841 Palm AVE, Riverside, CA 92506
5841 Palm AVE, Riverside, CA 92506
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$574,900
Est. payment /mo
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3 Beds
1 Bath
1,788 SqFt
Coming Soon

5841 Palm AVE Riverside, CA 92506

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Jill Witte

Jill Witte

+1(949) 439-4040

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,788 sqft

Price per Sqft $321

MLS Listing ID IV26164438

Bedrooms 3

Full Baths 1

Construction Status Additions/Alterations,Fixer

HOA Y/N No

Year Built 1950

Lot Size 0.430 Acres

Property Sub-Type Single Family Residence

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

Rooms

Other Rooms Workshop

Main Level Bedrooms 3

Interior

Interior Features Separate/Formal Dining Room, All Bedrooms Down, Bedroom on Main Level, Workshop

Heating Central, Fireplace(s)

Cooling Central Air, Dual

Flooring Carpet

Fireplaces Type Living Room

Fireplace Yes

Appliance Barbecue, Gas Range, Microwave

Laundry In Garage

Exterior

Exterior Feature Barbecue

Parking Features Circular Driveway, Driveway, Garage Faces Front, Garage, RV Potential

Garage Spaces 2.0

Garage Description 2.0

Fence Chain Link, Wood

Pool None

Community Features Curbs, Street Lights, Suburban, Sidewalks

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

View Y/N Yes

View Neighborhood

Roof Type Shingle,Shake,Wood

Porch Rear Porch, None

Total Parking Spaces 8

Private Pool No

Building

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

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Additional Building Workshop

New Construction No

Construction Status Additions/Alterations,Fixer

Schools

Elementary Schools Magnolia

Middle Schools Central

High Schools Polytechnic

School District Riverside Unified

Others

Senior Community No

Tax ID 218142017

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA 203(k), Submit

Listing Terms Cash, Conventional, 1031 Exchange, FHA 203(k), Submit

Special Listing Condition Probate Listing

Virtual Tour https://app.cloudpano.com/tours/yDECpUWCj?mls=1&disable=logo,floorplan,request,leadgen,watermark

CRMLS Full IDX Feed (MAIN Website Search)
Listed by LAURA MCKINNEY KELLER WILLIAMS RIVERSIDE CENT 951-218-5432, DRE #02046962

Nearby Locations

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Jill Witte

Jill Witte

Agent | License ID: 01790889

+1(949) 439-4040

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5841 Palm AVE