5841 Palm Avenue
Riverside, CA 92506
3
Bed
1
Bath
1,788Sqft
18,731Sqft(Lot)
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 t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 1 Full Baths: 1Roofing Information
Shingle, Shake, WoodFlooring Information
Carpet -
Interior Features
SeparateFormalDiningRoom, AllBedroomsDown, BedroomOnMainLevel, WorkshopRoof: Shingle, Shake, WoodAppliances: Barbecue, GasRange, MicrowaveLaundry Features: InGarageWindow Features: WoodFrames -
Heating & Cooling
Has Heating: Yes Heating: Central, Fireplaces Has Cooling: Yes Cooling: CentralAir, Dual
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Building Information
Year Built: 1950Construction Materials: Stucco, WoodSidingStories: 1Patio And Porch Features: RearPorch, NonePool Features: NonePrivate Pool: NoView: Neighborhood -
Exterior Features
Exterior Features: Barbecue
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Lot Information
Main Square Feet: 18731 Lot Size Acres: 0.43 Lot Size Source: Assessor Lot Size Square Feet: 18,731 Lot Description: ZeroToOneUnitAcre,BackYard,FrontYard,NearPublicTransit,RectangularLot,ValueInLand,Yard
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Listing Price Information
Listing Price: $574900Cash, Submit
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Tax Information
Parcel Number: 218142017 Tax Lot: 19
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Virtual Tour
Parking Information
Parking Total: 8 CircularDriveway, Driveway, GarageFacesFront, Garage, RvPotentialGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 2
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School Information
Elementary School: Magnolia Junior High School: Central Senior High School: Polytechnic -
Utility Information
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: From Jurupa Ave, head North on Palm Ave, House is two blocks up, on the Left side of the street WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6995 Mission Grove Park.., Riverside, CA, 92506 | $799,000 | 3 | 3 | 1,690 | 1,690 SqFt |
| 7158 Foxcroft, Riverside, CA, 92506 | $724,850 | 4 | 2 | 2,038 | 2,038 SqFt |
| 5967 Omega Street, Riverside, CA, 92506 | $1,750,000 | 5 | 2 | 4,118 | 4,118 SqFt |
| 165 Cottonwood Avenue, Riverside, CA, 92506 | $875,000 | 4 | 2 | 2,338 | 2,338 SqFt |
| 901 Clearwood Avenue, Riverside, CA, 92506 | $967,500 | 5 | 3 | 2,650 | 2,650 SqFt |
| 7350 Hyannis Court, Riverside, CA, 92506 | $585,000 | 3 | 2 | 1,261 | 1,261 SqFt |
| 1240 San Cristobal Dr, Riverside, CA, 92506 | $1,439,900 | -- | -- | 4,485 | 4,485 SqFt |
| Residential, Riverside, CA, 92506 | $1,439,900 | 5 | 4 | 4,485 | 4,485 SqFt |
| 1270 Halifax, Riverside, CA, 92506 | $924,999 | 4 | 3 | 2,292 | 2,292 SqFt |
| 1074 Basilone Drive, Riverside, CA, 92506 | $769,990 | 4 | 2 | 1,682 | 1,682 SqFt |
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ByOwner last updated this listing 08/07/2026 @ 15:22
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