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About the Listing IKEL02 - IVMCKILAU
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 Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances: Barbecue, Gas Range, Microwave
- Air Cond: Central Air,Dual
- Heating: Central,Fireplace(s)
- Fireplaces: Living Room
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Separate/Formal Dining Room,All Bedrooms Down,Bedroom on Main Level,Workshop
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Back Yard,Front Yard,Near Public Transit,Rectangular Lot,Value In Land,Yard,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 8
- Roof: Shingle,Shake,Wood
- Others: Barbecue,Additions/Alterations,Fixer,Stucco,Wood Siding,Has ADU
- Sewer: Public Sewer
- Parking Features: Circular Driveway,Driveway,Garage Faces Front,Garage,RV Potential
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 218142017
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
5841 Palm Ave Riverside, CA 92506
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