5841 Palm Ave Riverside, CA 92506
Wood Streets NeighborhoodEstimated payment $3,742/month
Total Views
10,371
3
Beds
1
Bath
1,788
Sq Ft
$322
Price per Sq Ft
Highlights
- 0.43 Acre Lot
- Traditional Architecture
- Bonus Room
- Property is near public transit
- Main Floor Bedroom
- Private Yard
About This Home
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!
Listing Agent
KELLER WILLIAMS RIVERSIDE CENT Brokerage Phone: 951-218-5432 License #02046962 Listed on: 08/06/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1950
Lot Details
- 18,731 Sq Ft Lot
- Wood Fence
- Chain Link Fence
- Rectangular Lot
- Private Yard
- Back and Front Yard
- Density is up to 1 Unit/Acre
- Value in Land
Parking
- 2 Car Attached Garage
- 6 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Circular Driveway
- RV Potential
Home Design
- Traditional Architecture
- Entry on the 1st floor
- Additions or Alterations
- Fixer Upper
- Shake Roof
- Shingle Roof
- Wood Roof
- Wood Siding
- Stucco
Interior Spaces
- 1,788 Sq Ft Home
- 1-Story Property
- Wood Frame Window
- Family Room
- Living Room with Fireplace
- Dining Room
- Home Office
- Bonus Room
- Workshop
- Carpet
- Neighborhood Views
- Laundry in Garage
Kitchen
- Gas Range
- Microwave
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Outdoor Features
- Patio
- Exterior Lighting
- Separate Outdoor Workshop
- Outdoor Grill
- Rear Porch
Location
- Property is near public transit
- Suburban Location
Schools
- Magnolia Elementary School
- Central Middle School
- Polytechnic High School
Utilities
- Two cooling system units
- Central Heating and Cooling System
- Natural Gas Connected
Community Details
- No Home Owners Association
- Laundry Facilities
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 22
- Assessor Parcel Number 218142017
- $67 per year additional tax assessments
- Seller Considering Concessions
3D Matterport
Floorplan
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $7,057 | $642,600 | $193,800 | $448,800 |
| 2025 | $7,057 | $355,744 | $106,308 | $249,436 |
| 2023 | $864 | $78,337 | $21,744 | $56,593 |
| 2022 | $843 | $76,802 | $21,318 | $55,484 |
| 2021 | $847 | $75,297 | $20,900 | $54,397 |
| 2020 | $840 | $74,526 | $20,686 | $53,840 |
| 2019 | $823 | $73,066 | $20,281 | $52,785 |
| 2018 | $807 | $71,634 | $19,884 | $51,750 |
| 2017 | $792 | $70,231 | $19,495 | $50,736 |
| 2016 | $744 | $68,855 | $19,113 | $49,742 |
| 2015 | $732 | $67,823 | $18,827 | $48,996 |
| 2014 | $723 | $66,496 | $18,459 | $48,037 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/13/2026 08/13/26 | For Sale | $574,900 | 0.0% | $322 / Sq Ft |
| 08/11/2026 08/11/26 | Off Market | $574,900 | -- | -- |
| 08/06/2026 08/06/26 | For Sale | $574,900 | -- | $322 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
About the Listing Agent
I'm an expert real estate agent with Keller Williams in Riverside, CA and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services.
Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells?
Give me a call! I'm eager to help and would love to talk to you.
Laura's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV26164438
APN: 218-142-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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