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$600,000

  • Sold
  • Closed
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1,788 Sq. Ft.
  • 2 Car Garage
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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!

Full Property Details for 5841 Palm Ave

General

  • Sold For: $600,000
  • Status: Closed
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: IV26164438
  • Added to Site: 79 day(s) ago

Interior

  • Rooms/Areas: Bonus Room, Workshop, All Bedrooms Down, Office, Kitchen, Main Floor Bedroom, Family Room
  • Fireplace: Yes
  • Fireplace(s): Living Room
  • Eating Areas: Dining Room
  • Appliances: Microwave, Barbecue, Gas Range
  • Flooring: Carpet

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: In Garage

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: None, Rear Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Garage, Circular Driveway, Garage Faces Front, Driveway, RV Potential

Location

  • County: Riverside
  • Driving Directions: From Jurupa Ave, head North on Palm Ave, House is two blocks up, on the Left side of the street

School Information

  • School District: Riverside Unified
  • Elementary School: MAGNOL
  • Middle School: CENTRA2
  • High School: POLYTE

Community

  • Community Features: Curbs, Street Lights, Sidewalks, Suburban

Heating & Cooling

  • Cooling Type: Dual, Central Air
  • Heating Type: Fireplace(s), Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Single Family Residence
  • Construction: Wood Siding, Stucco
  • Roof: Wood, Shingle, Shake
  • Common Walls: No Common Walls
  • Windows: Wood Frames
  • Entry Location: Front Door
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,788
  • Sq. Ft. Source: Assessor
  • Year Built: 1950
  • Year Built Source: Public Records
  • Property Condition: Fixer, Additions/Alterations

Additional Structures

  • Other Structures: Workshop

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.43
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot, 0-1 Unit/Acre, Near Public Transit, Front Yard, Lot 10000-19999 Sqft, Back Yard, Yard, Value In Land
  • Fencing (Description): Chain Link, Wood

Financial Considerations

  • Price Per Sq. Ft.: $335.57

Disclosures and Reports

  • Special Conditions: Probate Listing

Listed by Keller Williams Riverside Cent, LAURA MCKINNEY
Sold by Century 21 Allstars, Aracelia Flores

Listing agent

— 5841 Palm Ave —

  • LAURA MCKINNEY

    Keller Williams Riverside Cent

951-218-5432

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 5841 Palm Ave

School District:Riverside Unified School District
NameGradesDistance
Magnolia Elementary School, Riverside, CA
3975 Maplewood Place, Riverside, CA 92506
K-60.4 mi
Central Middle School
4795 Magnolia Avenue, Riverside, CA 92506
7-81 mi
Polytechnic High School, Riverside, CA
5450 Victoria Avenue, Riverside, CA 92506
9-121.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5841 Palm Ave

Date
Details
Price
Change
Source
9/25/2026
Sold
$600,000
4.37%
MLS
8/06/2026
Listed
$574,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Keller Williams Riverside Cent, LAURA MCKINNEY
Sold by Century 21 Allstars, Aracelia Flores

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5841 Palm Avenue, Riverside, CA 92506 (MLS# IV26164438) is a Single Family property that was sold at $600,000 on September 25, 2026. Want to learn more about 5841 Palm Avenue? Do you have questions about finding other Single Family real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.