Home | Riverside County | Riverside | 92506 | 5841 Palm Ave
MLS: CRIV26164438 | Status: Active | Price: $574,900
Beds/Baths: 3 / 1
Property Type: Residential
| Beds | Bath | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| 3 | 1 | 1,788 | 0.43 | 1950 |
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
| Field | Value |
|---|---|
| MLS # | CRIV26164438 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Bedrooms | Ground Floor Bedroom |
| Appliances | Built-in BBQ Grill, Microwave, Oven Range - Gas |
| Dining Room | Formal Dining Room |
| Family Room | Other |
| Fireplace | Living Room |
| Laundry | In Garage |
| Cooling | Central Forced Air, Other |
| Heating | Central Forced Air, Fireplace |
| Feature | Details |
|---|---|
| Roof | Shake, Shingle, Wood |
| Pool | None |
| Style | Traditional |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Other, RV Possible, Garage: 2 Car(s) |
| Elementary District | Riverside Unified |
| High School District | Riverside Unified |
| HOA Fee | $0 |
LAURA MCKINNEY
KELLER WILLIAMS RIVERSIDE CENT
License #: 02046962
Phone: –
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 6174 Jurupa Avenue | $460,000 | 3 | 1 | 1,000 | Contingent |
| 3658 Hoover St | $560,000 | 2 | 1 | 1,074 | Active |
| 5162 Jurupa | $630,000 | 4 | 2 | 1,496 | Active |
| 4158 Gardena Dr | $615,000 | 2 | 1 | 1,014 | Active |
©2026 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of August 07, 2026. For the most current information, please contact LAURA MCKINNEY.