4830 Palm Avenue

Closed 2/13/26
Closed 2/13/26
Gallery Image 1
Sold
Last Sold Price
$5,645,000
6 beds42 baths67,518 sqft
4830 Palm Ave, Riverside, CA 92501
Multi FamilyProperty Type
0.50 acresLot Size
1969Year Built
$84/sq ftPrice per sq ft
47 carsParking Spaces

Description

We are pleased to present the Palm Vista Apartments, a 24-unit multifamily property situated on over half an acre in Riverside, CA. The community consists primarily of spacious two- and three-bedroom units arranged around a landscaped outdoor courtyard. Located directly across from Ryan Bonaminio Sports Park and adjacent to the Historic Woods District, the property offers residents a quiet yet well-connected living experience. Units feature central A/C, electric cooking, individual electric meters...We are pleased to present the Palm Vista Apartments, a 24-unit multifamily property situated on over half an acre in Riverside, CA. The community consists primarily of spacious two- and three-bedroom units arranged around a landscaped outdoor courtyard. Located directly across from Ryan Bonaminio Sports Park and adjacent to the Historic Woods District, the property offers residents a quiet yet well-connected living experience. Units feature central A/C, electric cooking, individual electric meters and water heaters, with most units offering large patios or balconies. Common area amenities include a laundry facility, covered parking with secure storage, and a barbecue and picnic area. Additionally, the property provides a 2:1 parking ratio with 24 covered parking with storage and 23 open parking spaces. With a cap rate of 6.6% on market rents, Palm Vista Apartments presents a compelling, income-producing investment opportunity. (The Studio is Non-Conforming. Buyer to Verify Unit Mix)
  • Listed by: Chris Keramati DRE #01702116 Brokerage DRE #01921625 • Triqor Group chris@triqorgroup.com
Listing closed: 02/13/2026 12:00 AM • Source: CRMLS, MLS#: PW25235462
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Location

Listing Courtesy of Triqor Group, Chris Keramati, DRE #01702116

Sold By Triqor Group, Chris Keramati, DRE #01702116

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$34,163 per month

30 year fixed, 6.71% Interest

Principal and Interest

$29,171

Property Taxes

$4,992

HOA Dues

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Property Information for 4830 Palm Avenue

Property Details
  • MLS Type: Residential Income / Res Income 2-4 Units
  • County: Riverside County
  • Parking Spaces Total: 47
  • Private Pool: No
  • Total Units: 24.0
  • Building Type: Attached
  • Lot Size Source: Public Records
  • Living Area: 67518
  • Assessor Parcel Number: 217-140-035
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 67518
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 1
  • Pool: No
  • Zoning: Public Rec
  • Senior Community: No
  • Parcel Number: 217140035
  • Area: Riverside (252)
  • Directions: Driving North on Palm Ave., Property Will Be on Your Right After Passing Bandini Ave.
Building Information
  • Building/Complex: 4830 Palm Ave
  • Stories: 2
  • Year Built: 1969
Income / Expense / Tax Details
Income Details
  • Gross Income: $538,385
  • Gross Scheduled Income: $555,036
  • Net Operating Income: $343,884
  • Financing: Conventional
Expense Details
  • Operating Expense: $194,501
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $194,501
Tax / Assessment Info
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $946
  • Tax Lot: 179
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
Exterior Features
  • Entry Location: /
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Irregular Lot
  • Number Of Units: 24
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 23
  • Open Other Spaces Total: 23
  • Parking Garage Spaces: 0
  • Carport Spaces: 24
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,525
  • Unit Type Total Rent: $1,525
  • Unit Type Pro Forma: 1525
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,612
  • Unit Type Total Rent: $8,060
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,881
  • Unit Type Total Rent: $26,334
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,801
  • Unit Type Total Rent: $7,204
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 24

Property History for 4830 Palm Avenue

DateEvent & SourcePriceAppreciation
Feb 13, 2026

Sold

CLAW #PW25235462MR

$5,645,000—
Feb 13, 2026

Sold

SDMLS #PW25235462

$5,645,000—
Feb 13, 2026

Sold

CRMLS #PW25235462

$5,645,000—
DateEvent & SourcePrice
02/13/2026

Sold

CLAW #PW25235462MR

$5,645,000
02/13/2026

Sold

SDMLS #PW25235462

$5,645,000
02/13/2026

Sold

CRMLS #PW25235462

$5,645,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4830 Palm Avenue

Taxable ValueLand$1,766,527Additions$3,646,335Total$5,412,862
Tax Record2025$59,906 ($4,992 / month)
Home Facts
Total Finished SqFt24,832 SqFtAbove Grade Finished SqFt24,832 SqFtStories2Lot Size67,518 SqFtStyleMulti-Family Res (5+ Units)Year Built1969Year Renovated1969ZoningR3CountyRIVERSIDEAPN217-140-035

Schools near 4830 Palm Avenue

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Magnolia Elementary School
Public - K to 6
Central Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Riverside Virtual School
Public - K to 12
Rating
School
Distance
Magnolia Elementary School
PublicK to 6

Central Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Riverside Virtual School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 4830 Palm Avenue, Riverside, CA 92501
$5,645,000
6
42
67,518
21,850
4425 Ramona Drive, Riverside, CA 92506
$650,000
4
3.25
3,666
21,780
4451 Ramona Drive, Riverside, CA 92506
$520,000
3
2.5
2,173
25,265
4475 Ramona Drive, Riverside, CA 92506
$610,000
4
3
3,000
26,136
4375 Ramona Drive, Riverside, CA 92506
$520,000
4
2,242
16,988
4501 Ramona Drive, Riverside, CA 92506
–
3
3.5
2,067
16,988

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triqor Group, Chris Keramati, DRE #01702116

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.