Rare Wood Streets Investment Opportunity! Attention investors, contractors, and developersthis is the value-add project youve 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…
The Story
5841 palm avenue
Rare Wood Streets Investment Opportunity! Attention investors, contractors, and developersthis is the value-add project youve 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 propertys upside. Located in Riversides 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!
Facts & Features
Property Info
Price
$574,900
Completion Year
1,950
Living Space
1,788 sq ft
Floors
1
Bedrooms
3
Bathrooms
1
Garage
2 spaces
Features & Amenities
Garage / Parking
Secure and convenient space for cars, scooters, or guest vehicles.
Central Cooling
Stay comfortable year-round with efficient climate control.
Heating
Warm, cozy interiors for every season.
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