Listing provided courtesy of LAURA MCKINNEY of KELLER WILLIAMS RIVERSIDE CENT. Last updated 2026-09-13 08:11:06.000000. Listing information © 2025 CRMLS.

Asking Price: $574,900

5841 Palm, Riverside CA 92506

Community: ​252 - Riverside


This Single Family Residence property was built in 1950 and is priced at $574,900. Please see the additional details below.
  • 1,788 Sq Ft
  • 1 bathrooms
  • 3 bedrooms
  • MLS#: IV26164438
  • Type: Single Family Residence
  • Year Built: 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 showing before it's too late!

Call or Email Ken and Caroll Dembowski now to inquire about this property

949-556-4500
CA DRE #01246140