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5841 Palm Avenue
Riverside CA 92506 US

$574,900

Active Listing ID IV26164438
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3 bed
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1,788 square feet
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1.00 Bath (1 Full)
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Lot: 0.43 Acres
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Single Family Residence

$574,900

Active Listing ID IV26164438
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5841 Palm Avenue 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!

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Property Features

  • Facts
  • Lot Size: 0.43 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 1
  • Cooling System: Central Air
  • Exterior Finish: Barbecue Private
  • Floor Covering: Carpet
  • Roof Type: Shingle, Wood, Shake
  • Heating Fuels: Fireplace(s), Central
  • Additional Features
  • Fireplace
  • Patio

School Information

  • School
  • Magnolia(Elementary)
  • Central(MiddleSchool)
  • Polytechnic(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 574900
  • unparsedaddress: 5841 Palm Avenue
  • postalcity: Riverside
  • stateorprovince: CA
  • country: US
  • postalcode: 92506
  • bathroomsfull: 1
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.43
  • lotsizeunits: Acres
  • lotsizearea: 0.43
  • livingarea: 1788
  • livingareaunits: Square Feet
  • listagentfullname: LAURA MCKINNEY
  • listagentemail: Laura@McKinneyRealtyAssociates.com
  • listagentkey: 3yd-MRMLSCA-IVMCKILAU
  • listagentmlsid: IVMCKILAU
  • listagentpreferredphone: 9512185432
  • listagentofficephone: 9512185432
  • listofficekey: 3yd-MRMLSCA-IKEL02
  • listagentstatelicense: 02046962
  • listofficemlsid: IKEL02
  • disclaimer: Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1950
  • listingcontractdate: 2026-07-27
  • listagentfax: 8666664384
  • countyorparish: Riverside
  • parcelnumber: 218142017
  • elementaryschool: Magnolia
  • highschool: Polytechnic
  • elementaryschooldistrict: Riverside Unified
  • middleorjuniorschooldistrict: Riverside Unified
  • highschooldistrict: Riverside Unified
  • appliances: Microwave, Barbecue, Gas Range
  • cooling: Central Air
  • constructionmaterials: Wood Siding, Stucco
  • flooring: Carpet
  • heating: Fireplace(s), Central
  • numberofunitstotal: 1
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 8
  • parkingfeatures: RV, Driveway, Garage
  • roof: Shingle, Wood, Shake
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Barbecue Private
  • windowfeatures: Wood Frames
  • architecturalstyle: Other
  • rooms: Bathroom 1, Family Room, Bedroom 1, Laundry Room, Bonus Room, Bedroom 2, Bedroom 3
  • otherstructures: Workshop
  • patioandporchfeatures: Porch
  • speciallistingconditions: Probate Listing
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Chain Link
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 8/11/2026 8:29:36 AM GMT
Source Updated Date: 8/12/2026 12:56:16 AM GMT

Courtesy of: LAURA MCKINNEY, KELLER WILLIAMS RIVERSIDE CENT, Laura@McKinneyRealtyAssociates.com

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.