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$6,250,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
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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)

Full Property Details for 4830 Palm Ave

General

  • Price: $6,250,000
  • Status: Pending
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW25235462
  • Updated: 12/10/2025
  • Days on Market: 103 days
  • Added to Site: 103 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None

Location

  • Area: 252 - Riverside
  • County: Riverside
  • Development Name: 252 - Riverside
  • Driving Directions: Driving North on Palm Ave., Property Will Be on Your Right After Passing Bandini Ave.

Heating & Cooling

  • Heating Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 24
  • # Gas Meters: 1
  • # Electric Meters: 24

Structural Information

  • Entry Location: /
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 67,518
  • Year Built: 1969

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 5
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 14
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 4

  • Number of Units: 4
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.5016
  • Lot Size (Sq. Ft.): 21,850
  • Lot Size Source: Public Records
  • Lot Description: Irregular Lot

Financial Considerations

  • Price Per Sq. Ft.: $92.57
  • Price Per Unit: 260417

Listed by Triqor Group, Chris Keramati

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Listing agent

— 4830 Palm Ave —

  • Chris Keramati

    Triqor Group

chris@triqorgroup.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4830 Palm Ave

School District:Riverside Unified School District
NameGradesDistance
Magnolia Elementary School, Riverside, CA
3975 Maplewood Place, Riverside, CA 92506
K-60.8 mi
Central Middle School
4795 Magnolia Avenue, Riverside, CA 92506
7-80.5 mi
Polytechnic High School, Riverside, CA
5450 Victoria Avenue, Riverside, CA 92506
9-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4830 Palm Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2025
Listed
$6,250,000
-36.26%
MLS
11/09/2020
Sold
$9,806,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4830 Palm Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$59,906
3%
$5,312,729
2%
2024
$57,951
—
$5,208,677
2%
2023
$57,701
2%
$5,106,665
2%
2022
$56,646
2%
$5,006,652
2%
2021
$55,711
36%
$4,902,600
37%
2020
$41,094
2%
$3,582,539
2%
2019
$40,328
2%
$3,512,294
2%
2018
$39,550
2%
$3,443,426
2%
2017
$38,848
7%
$3,375,909
2%
2016
$36,376
42%
$3,309,715
43%
2015
$25,692
4%
$2,310,000
5%
2014
$24,746
—
$2,200,000
—
2013
$24,729
—
$2,200,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 4830 Palm Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Triqor Group, Chris Keramati

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4830 Palm Avenue, Riverside, CA 92501 (MLS# PW25235462) is a Multi-Family property with 24 units containing 0 bedrooms and 0 full bathrooms. 4830 Palm Avenue is currently listed for $6,250,000 and was received on October 08, 2025. Want to learn more about 4830 Palm Avenue? Do you have questions about finding other Multi-Family real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

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