- 3 Beds
- 1 Bath
- 1,788 Sqft
- .43 Acres
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!
Essential Information
- MLS® #IV26164438
- Price$574,900
- Bedrooms3
- Bathrooms1.00
- Full Baths1
- Square Footage1,788
- Acres0.43
- Year Built1950
- TypeResidential
- Sub-TypeSingle Family Residence
- StyleTraditional
- StatusActive Under Contract
Community Information
- Address5841 Palm Avenue
- Area252 - Riverside
- CityRiverside
- CountyRiverside
- Zip Code92506
Amenities
- Parking Spaces8
- # of Garages2
- ViewNeighborhood
- PoolNone
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking
Driveway, Garage Faces Front, Garage, Circular Driveway, RV Potential
Garages
Driveway, Garage Faces Front, Garage, Circular Driveway, RV Potential
Interior
- InteriorCarpet
- AppliancesBarbecue, Gas Range, Microwave
- HeatingCentral, Fireplace(s)
- CoolingCentral Air, Dual
- FireplaceYes
- FireplacesLiving Room
- # of Stories1
- StoriesOne
Interior Features
Separate/Formal Dining Room, All Bedrooms Down, Bedroom on Main Level, Workshop
Exterior
- ExteriorStucco, Wood Siding
- Exterior FeaturesBarbecue
- WindowsWood Frames
- RoofShingle, Shake, Wood
- ConstructionStucco, Wood Siding
Lot Description
ZeroToOneUnitAcre, Back Yard, Front Yard, Near Public Transit, Rectangular Lot, Yard, Value In Land
School Information
- DistrictRiverside Unified
- ElementaryMagnolia
- MiddleCentral
- HighPolytechnic
Additional Information
- Date ListedJuly 27th, 2026
- Days on Market11
Listing Details
- AgentLaura Mckinney
- OfficeKELLER WILLIAMS RIVERSIDE CENT
Price Change History for 5841 Palm Avenue, Riverside, (MLS® #IV26164438)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – | |
| Status Changed from Coming Soon to Active | – |
Laura Mckinney, KELLER WILLIAMS RIVERSIDE CENT.
Based on information from California Regional Multiple Listing Service, Inc. as of August 17th, 2026 at 12:30am PDT. 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.