5841 Palm Avenue

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Pending
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Contract Signed
$574,900
3 beds1,788 sqft
5841 Palm Ave, Riverside, CA 92506
Est: $3,657/moGet pre-approved
Single FamilyProperty Type
0.43 acresLot Size
1950Year Built
$322/sq ftPrice per sq ft
8 carsParking Spaces

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,...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!
4 days on Market
  • Listed by: LAURA MCKINNEY DRE #02046962 Brokerage DRE #01861149 • KELLER WILLIAMS RIVERSIDE CENT 951-218-5432
Last updated: 09/18/2026 08:42 AM • Source: CRMLS, MLS#: IV26164438

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Location

Listing Courtesy of KELLER WILLIAMS RIVERSIDE CENT, LAURA MCKINNEY, DRE #02046962
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$3,657 per month

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$3,069

Property Taxes

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Property Information for 5841 Palm Avenue

Property Details
  • MLS Type: Residential / Single Family Residence
  • County: Riverside County
  • Architectural Style: Traditional
  • View: Neighborhood
  • Parking Spaces Total: 8
  • Private Pool: No
  • Cooling Type: Dual, Central Air
  • Total Units: 1.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 1788
  • Assessor Parcel Number: 218-142-017
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Stories Total: 1
  • Entry Level: 1
  • Fireplace: Yes
  • Pool: No
  • Spa: No
  • View: Yes
  • View: Yes
  • Parking for RV: Garage
  • Association: No
  • Association Fee: $.00
  • Senior Community: No
  • Parcel Number: 218142017
  • Area: Riverside (252)
  • Elementary School: Magnolia
  • Middle Or Junior School: Central
  • High School: Polytechnic
  • High School District: Riverside Unified
  • Directions: From Jurupa Ave, head North on Palm Ave, House is two blocks up, on the Left side of the street
Building Information
  • Stories: 1
  • Year Built: 1950
  • Lot Size: 0.43 AC / 18,731 SF
Income / Expense / Tax Details
Income Details
  • Current Financing: None
  • 433a Certified: No
Tax / Assessment Info
  • Tax Tract Number: 22-33
  • CFD/Mello-Roos Fee: $67
  • Tax Lot: 19
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Street Lights, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: Microwave, Barbecue, Gas Range
  • Equipment: Microwave, Barbecue, Gas Range
Exterior Features
  • Window Features: Wood Frames
  • Construction Materials: Wood Siding, Stucco
  • Exterior Construction: Stucco, Wood Siding
  • Exterior: Stucco, Wood
  • Exterior Features: Barbecue Private
  • Roof: Wood, Shingle, Shake
  • Entry Location: Front Door
  • Fence: Yes
  • Fence: Chain Link, Wood
  • Fencing: Chain Link, Wood
  • Structures: Suburban, Value in Land
  • Structure Type: House
  • Other Structures: Workshop
  • Property Condition: Fixer, Additions/Alterations
  • Miscellaneous: Suburban, Value in Land
  • Patio: Yes
  • Patio And Porch Features: None, Rear Porch
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Rectangular Lot, 0-1 Unit/Acre, Near Public Transit, Front Yard, Lot 10000-19999 Sqft, Back Yard, Yard, Value In Land
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Electric: Standard, Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Circular Driveway, Driveway, Garage, RV Possible
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Non-Garage: Garage
  • Number of Parking Spaces: 6
  • Parking Garage Spaces: 2
  • Parking Garage: Garage
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Garage, Circular Driveway, Garage Faces Front, Driveway, RV Potential
Property / Structure Info
  • Architectural Style: Traditional
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 5841 Palm Avenue

DateEvent & SourcePriceAppreciation
Sep 18, 2026

Pending

CLAW #IV26164438MR

—
Aug 24, 2026

Pending

CRMLS #IV26164438

—
Aug 13, 2026

Accepting Backup Offers

CLAW #IV26164438MR

—
DateEvent & SourcePrice
09/18/2026

Pending

CLAW #IV26164438MR

—
08/24/2026

Pending

CRMLS #IV26164438

—
08/13/2026

Accepting Backup Offers

CLAW #IV26164438MR

—

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

Public Records for 5841 Palm Avenue

Taxable ValueLand$193,800Additions$448,800Total$642,600
Tax Record2025$7,057 ($588 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,788 SqFtAbove Grade Finished SqFt1,788 SqFtStories1Lot Size18,731 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1950ZoningR1065CountyRIVERSIDEAPN218-142-017

Schools near 5841 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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Listing Courtesy of KELLER WILLIAMS RIVERSIDE CENT, LAURA MCKINNEY, DRE #02046962

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.