4830 Palm Ave Riverside, CA 92501
Wood Streets NeighborhoodEstimated payment $37,478/month
Highlights
- 0.5 Acre Lot
- Laundry Room
- No Heating
About This Home
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)
Listing Agent
Triqor Group Brokerage Email: chris@triqorgroup.com License #01702116 Listed on: 10/08/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1969
Lot Details
- 0.5 Acre Lot
- Two or More Common Walls
- Irregular Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 67,518 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- 23 Open Parking Spaces
- 47 Parking Spaces
- 24 Carport Spaces
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 179
- Assessor Parcel Number 217140035
- $946 per year additional tax assessments
Community Details
Building Details
- 24 Separate Electric Meters
- 1 Separate Gas Meter
- 24 Separate Water Meters
- Operating Expense $194,501
- Gross Income $538,385
- Net Operating Income $343,884
Additional Features
- 24 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $57,951 | $5,306,729 | $1,731,890 | $3,574,839 |
| 2023 | $57,951 | $5,100,665 | $1,664,640 | $3,436,025 |
| 2022 | $56,646 | $5,000,652 | $1,632,000 | $3,368,652 |
| 2021 | $55,711 | $4,902,600 | $1,600,000 | $3,302,600 |
| 2020 | $41,094 | $3,582,539 | $1,758,301 | $1,824,238 |
| 2019 | $40,328 | $3,512,294 | $1,723,825 | $1,788,469 |
| 2018 | $39,550 | $3,449,426 | $1,690,025 | $1,759,401 |
| 2017 | $38,849 | $3,381,909 | $1,656,888 | $1,725,021 |
| 2016 | $36,376 | $3,315,715 | $1,624,400 | $1,691,315 |
| 2015 | $25,692 | $2,316,000 | $1,050,000 | $1,266,000 |
| 2014 | $24,746 | $2,206,000 | $1,000,000 | $1,206,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2025 11/01/25 | Price Changed | $1,525 | -1.6% | $3 / Sq Ft |
| 10/31/2025 10/31/25 | Price Changed | $1,550 | 0.0% | $3 / Sq Ft |
| 10/08/2025 10/08/25 | For Sale | $6,250,000 | 0.0% | $93 / Sq Ft |
| 09/23/2025 09/23/25 | Price Changed | $1,525 | -- | $3 / Sq Ft |
| 09/20/2025 09/20/25 | For Rent | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25235462
APN: 217-140-035
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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