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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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4830 Palm Avenue, Riverside – $6,250,000

  • 6 Beds
  • 6 Baths
  • ½ Acres
  • 100 DOM
  • 6 Beds
  • 6 Baths
  • ½ Acres
  • 100 DOM

4830 Palm Avenue

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)

Essential Information

  • MLS® #PW25235462
  • Price$6,250,000
  • Bedrooms6
  • Bathrooms6.00
  • Acres0.50
  • Year Built1969
  • TypeResidential Income
  • Sub-TypeApartment
  • StatusActive Under Contract

Community Information

  • Address4830 Palm Avenue
  • Area252 - Riverside
  • CityRiverside
  • CountyRiverside
  • Zip Code92501

Amenities

  • Parking Spaces47
  • PoolNone

Interior

  • HeatingNone
  • # of Stories2
  • StoriesTwo

Exterior

  • Lot DescriptionIrregular Lot

Additional Information

  • Date ListedOctober 8th, 2025
  • Days on Market100

Listing Details

  • AgentChris Keramati
  • OfficeTriqor Group
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Price Change History for 4830 Palm Avenue, Riverside, (MLS® #PW25235462)

Date Details Change
Status Changed from Active to Active Under Contract

Chris Keramati, Triqor Group.

Based on information from California Regional Multiple Listing Service, Inc. as of January 16th, 2026 at 8:50am PST. 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.