6149 Palm Ave

Riverside, CA 92506

$1,315,000
Last Sold Price
7
Beds
6
Baths
3,090 Sq. Ft.
$426 / Sq. Ft.
3,090
Sq. Ft.
$426
per Sq. Ft.
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Closed 7/26/24
Closed 7/26/24
a front view of a house with a yard

Description

Incredible 3 unit property ! If you are looking for a beautiful investment property, then this one is for you. This is a once in a lifetime opportunity to buy 3 units. Close escrow and rent them out immediately, no work to be done. Most investment properties on the market are old and are in need of work. It's very difficult to find an income property that is as nice as this one, no one is building them anymore. Live in the main house and rent out the back 2 units to pay the mortgage. Or Airbnb one,...Incredible 3 unit property ! If you are looking for a beautiful investment property, then this one is for you. This is a once in a lifetime opportunity to buy 3 units. Close escrow and rent them out immediately, no work to be done. Most investment properties on the market are old and are in need of work. It's very difficult to find an income property that is as nice as this one, no one is building them anymore. Live in the main house and rent out the back 2 units to pay the mortgage. Or Airbnb one, two, or all three. There are no recorded covenants or restrictions from the city on this property. This property is located on a expansive corner lot in the WOODS STREET AREA, with beautiful trees and manicured lawns. The main house consists of 3 bedrooms and 2 bathrooms, very spacious with a remolded kitchen, remolded bathrooms, new interior paint, new water heater, new luxury vinyl waterproof flooring throughout, beautiful fireplace, new recessed lighting in the kitchen, beautiful quartz counter tops, 42" white shaker cabinets, big picture window in the main living area, new exterior stucco, new roof, new exterior landscaping. This home has a beautiful inviting cottage feel with white picket fence and expansive front, side, and backyard. The 2 additional units in the back are approximately 800 sq ft each. Each has their own private entrance, privacy fences, parking and totally detached and separate from each other. Each unit has 2 bedrooms and two bathrooms. (Yes 2 bathrooms!) , units are newly constructed and they are all electric, one unit has solar installed. They both have beautiful white shaker cabinets, quartz counter tops, black accent finishes throughout, luxury vinyl waterproof flooring, a/c and heating system, low energy consumption heat pump water heaters, new appliances, ceiling fans, and separate room for washer/dryer hookups. These homes were built with 2x6 construction something not heard of in California, your tenants will appreciate having lower utility bills due to the extra thick insulated walls, insulated ceilings and roofs. You can't find these types of upgrades in any of the units that are being sold today. All units are separately metered. The owner only pays water. Riverside is thriving, close to Downtown Riverside, UCR, Riverside Community Hospital, Riverside Community College, Riverside Shopping Plaza. This property is truly a rarity and a gem and will not last because it is simply One of a Kind !
  1. Listed by ROBIN RICHARD • DRE #01194371 • Brokerage DRE #01194371 • INLAND CITIES REALTY • 951-642-3642

Property Details for 6149 Palm Avenue

View
None
Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Air
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3090
LISTING CLOSED: 07/26/2024 12:00 AM

Property Details for 6149 Palm Avenue

StatusClosed
MLS #IV24114691
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.27 AC / 11,761 SF
CountyRiverside County
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Location

Listing Courtesy of INLAND CITIES REALTY, ROBIN RICHARD, DRE #01194371

Sold By 24 Hour Real Estate, Armando Martinez, DRE #01714978

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Building Information for 6149 Palm Avenue

Stories1Residences-Year Built1951Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$7,905 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,684

Property Taxes

$1,221

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 6149 Palm Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Financing: Conventional
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 009000
  • Tax Census Tract: 308.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 38
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Park, Suburban
Property / Structure Info
Interior Features
  • Appliances: Electric Range, Gas Range, Microwave
  • Equipment: In Kitchen, Microwave, Room
  • Interior Features: Ceiling Fan(s), Quartz Counters, Recessed Lighting
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: In Kitchen, Individual Room
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Vinyl
  • Flooring: Vinyl
Exterior Features
  • Door Features: French Doors
  • Roof: Asphalt
  • Entry Location: 1
  • Fence: Yes
  • Fence: Vinyl
  • Fencing: Vinyl
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts in Laundry
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Range: 3

Property History for 6149 Palm Avenue

DateEvent & SourcePriceAppreciation
Jul 26, 2024

Sold

CLAW #IV24114691MR

$1,315,000—
Jul 26, 2024

Sold

SDMLS #IV24114691

$1,315,000—
Jul 26, 2024

Sold

CRMLS #IV24114691

$1,315,000—
DateEvent & SourcePrice
07/26/2024

Sold

CLAW #IV24114691MR

$1,315,000
07/26/2024

Sold

SDMLS #IV24114691

$1,315,000
07/26/2024

Sold

CRMLS #IV24114691

$1,315,000

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

Public Records for 6149 Palm Avenue

Taxable ValueLand$395,002Additions$919,998Total$1,315,000
Tax Record2025$14,657 ($1,221 / month)
Home Facts
Beds3Baths1.8Total Finished SqFt1,492 SqFtAbove Grade Finished SqFt1,492 SqFtStories1Lot Size11,761 SqFtStyleSingle Family ResidenceYear Built1951ZoningR106CountyRIVERSIDEAPN226-342-020Fireplace TypeHas Fireplace

Schools near 6149 Palm Avenue

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Magnolia Elementary School
Public - K to 6
Sierra Middle School
Public - 7 to 8
Ramona High School
Public - 9 to 12
Opportunity Program School
Public - 7 to 12
Rating
School
Distance
Magnolia Elementary School
PublicK to 6

Sierra Middle School
Public7 to 8

Ramona High School
Public9 to 12

Opportunity Program School
Public7 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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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 INLAND CITIES REALTY, ROBIN RICHARD, DRE #01194371

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.