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5841 Palm Avenue Riverside, CA ^$ 574,900

5841 Palm Avenue

^$ 574,900

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5841 Palm Avenue

Riverside, CA, 92506

^$ 574,900

Bedrooms3 Baths1.0 Sq 1,788

Monthly Estimate*

^$ 3,630

Listed by KELLER WILLIAMS RIVERSIDE CENT

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Single Family Home for sale in Riverside, CA

for $574,900 with 3 bedrooms and 1 full bath. This 1,788 square foot home was built in 1950 on a lot size of 0.43.

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!

Single Family Coming Soon

Price

^$ 574,900

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 0

Style

Lot Size

0.43

Year Built

1950

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

IV26164438

Days on Market

Features

General

Living Area 1788

Sewer Public Sewer

Heating Central Fireplace(s)

Cooling Central Air Dual

Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected

Possession Close Of Escrow

Roof Shingle Shake Wood

Appliances Barbecue Gas Range Microwave

HOA Fee 0

Garage Spaces 2

Patio/Porch Features Rear Porch None

Architectural Style Traditional

Pool Features None

Construction Materials Stucco Wood Siding

Exclusions Personal belongings in Workshop and Garage

Year Built 1950

Electric Electricity - On Property Standard

View Neighborhood

Stories Count 1

Levels One

Property Subtype Single Family Residence

Community Features Curbs Street Lights Suburban Sidewalks

County Riverside

New Construction false

Property Type Residential

HOA false

Attached Garage true

Contingency Probate Not Court Confirmation Required

Garage Y/N true

Other Structures Workshop

Full Baths 1

Special Listing Conditions Probate Listing

Status Coming Soon

Directions From Jurupa Ave head North on Palm Ave House is two blocks up on the Left side of the street

High School Polytechnic

City Riverside

Disclosures Covenants/Restrictions Disclosure Death On Property < 3 yrs Easement(s)

Entry Location Front Door

Senior Community Y/N false

High School District Riverside Unified

Open Parking Spaces 6

Number Of Units Total 1

MLS Area 252 - Riverside

Lot Size Units Square Feet

Lot Size Square Feet 18731

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

Spa Features None

Elementary School Magnolia

Property Attached Y/N false

Land Lease Y/N false

Current Financing None

Middle/Junior High School Central

Property Condition Additions/Alterations Fixer

Additional Parcels Y/N false

Lease Considered Y/N false

Virtual Tour https://app.cloudpano.com/tours/yDECpUWCj?mls=1&disable=logo floorplan request leadgen watermark https://justlistedrealestatephotography1.hd.pics/5841-Palm-Ave-Riverside-CA

Structure Type House

Living Area Units Square Feet

Standard Status Coming Soon

Occupancy Type Vacant

Year Built Source Public Records

Tax Lot 19

Property Sub Type Additional Single Family Residence

Expected Active Date 2026-08-06

Interior

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

Flooring Carpet

Fireplace Features Living Room

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N true

Heating Y/N true

Window Features Wood Frames

Fireplace Y/N true

Laundry Features In Garage

Total Bedrooms 3

Entry Level 1

Main Level Bedrooms 3

Main Level Bathrooms 1

Total Baths 1

Exterior

Exterior Amenities Barbecue

Fencing Chain Link Wood

Parking Features Circular Driveway Driveway Garage Faces Front Garage RV Potential

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

Water Source Public

Total Parking 8

Lot Size Area 18731

Spa false

Lot Size Acres 0.43

Road Surface Type Paved

Private Pool false

Lot Size Source Assessor

Road Frontage Type City Street

* Excluded Features

List By

Keller Williams Riverside Cent

Broker

Laura@McKinneyRealtyAssociates.com

Affordability Calculator

$3,630

Per Month

Monthly Principal & Interest: $3,630
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Riverside, CA

Average List Price ^$841,950

Percent of Sale Price 46%

About Riverside, CA

322,488 Population

25% Since 2002

^$60,101 Median Income

32.82 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

Polytechnic High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/4/2026	$574,900		Listed Price

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5841 Palm Avenue, Riverside, CA, 92506 is a Single Family Home for sale at $574,900 with 1,788 sqft and a lot size of 0.43. 5841 Palm Avenue has 3 bedrooms, 1.0 baths, and was built in 1950. The property's zip code is 92506 which is in Riverside, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 8/4/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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5841 Palm Avenue

Single Family Home for sale in Riverside, CA

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