6149 Palm Ave, Riverside, CA 92506
OFF MARKET
Listed by ROBIN RICHARD, INLAND CITIES REALTY, (951) 642-3642 . Bought with 24 Hour Real Estate

6149 Palm Ave
Riverside, CA 92506

Magnolia Center
  • 7 Beds
  • 6 Baths
  • 3,090 sqft (on 0.27 acres)
7 Beds
6 Baths
3,090 sqft
(on 0.27 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

INCREDIBLE 3 UNIT PROPERTY ! If you are looking for a beautiful investment property, then this one is for you. This is a once in a lifetime opportunity to buy 3 units. Close escrow and rent them out immediately, no work to be done. Most investment properties on the market are old and are in need of work. It's very difficult to find an income property that is as nice as this one, no one is building them anymore. Live in the main house and rent out the back 2 units to pay the mortgage. Or Airbnb one, two, or all three. There are no recorded covenants or restrictions from the city on this property.

This property is located on a expansive corner lot in the WOODS STREET AREA, with beautiful trees and manicured lawns.
***The main house consists of 3 bedrooms and 2 bathrooms, very spacious with a remolded kitchen, remolded bathrooms, new interior paint, new water heater, new luxury vinyl waterproof flooring throughout, beautiful fireplace, new recessed lighting in the kitchen, beautiful quartz counter tops, 42" white shaker cabinets, big picture window in the main living area, new exterior stucco, new roof, new exterior landscaping. This home has a beautiful inviting cottage feel with white picket fence and expansive front, side, and backyard.
***The 2 additional units in the back are approximately 800 sq ft each. Each has their own private entrance, privacy fences, parking and totally detached and separate from each other. Each unit has 2 bedrooms and two bathrooms. (Yes 2 bathrooms!), units are newly constructed and they are all electric, one unit has solar installed. They both have beautiful white shaker cabinets, quartz counter tops, black accent finishes throughout, luxury vinyl waterproof flooring, a/c and heating system, low energy consumption heat pump water heaters, new appliances, ceiling fans, and separate room for washer/dryer hookups. These homes were built with 2x6 construction something not heard of in California, your tenants will appreciate having lower utility bills due to the extra thick insulated walls, insulated ceilings and roofs. You can't find these types of upgrades in any of the units that are being sold today. All units are separately metered. The owner only pays water.
Riverside is thriving, close to Downtown Riverside, UCR, Riverside Community Hospital, Riverside Community College, Riverside Shopping Plaza. This property is truly a rarity and a gem and will not last because it is simply One of a Kind !
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from July 26, 2024

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 6149 Palm Ave

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Bedroom
Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 6
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: Electric Range, Gas Range, MicrowaveLaundry: In Kitchen,Laundry RoomMicrowave
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Living RoomHas a Fireplace
Gas & Electric
Electric: 220 Volts in Laundry
Windows, Doors, Floors & Walls
Door: French DoorsFlooring: VinylCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: 1Accessibility: ParkingFloors: Vinyl
View
No ViewView: None

Exterior Features

Exterior Home Features
Roof: AsphaltFencing: VinylNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageParking Spaces: 2Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 17

Property Information

Year Built
Year Built: 1951
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Triplex
Building
Is a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 226342020

Price & Status

Price
List Price: $1,299,000
Status Change & Dates
Off Market Date: Tue Jun 25 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Riverside

Building

Building Area
Building Area: 3090 Square Feet

Community

Community Features: Biking, Park, SuburbanNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.27 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, Conventional

Business

Expense
Tenant Pays: All Utilities

Rental Terms, Policies & Fees

No Rent Control

Miscellaneous

Mls Number: IV24114691Living Area Range Units: Square FeetAttribution Contact: 951-642-3642Activation Date: Sat Jun 08 2024Common Interest: NoneStart Showing Date: Sat Jun 08 2024Universal Property Id: US-06065-N-226342020-R-N

Additional Information

BikingParkSuburban
Last check for updates: about 11 hours ago
Listed by ROBIN RICHARD DRE #01194371, (951) 642-3642
INLAND CITIES REALTY
Bought with: Armando Martinez DRE #01714978, 24 Hour Real Estate
Originating MLS: California Regional MLS
Source: CRMLS, MLS#IV24114691

Price History for 6149 Palm Ave

DatePriceEventSource
10/26/2024$3,750ListingRemovedCRMLS #DW24170263
08/16/2024$3,750Listed For RentCRMLS #DW24170263
07/26/2024$1,315,000Sold
CRMLS #IV24114691
06/25/2024$1,299,000PendingCRMLS #IV24114691
06/08/2024$1,299,000Listed For SaleCRMLS #IV24114691
06/30/2023$620,000Sold
CRMLS #OC23106689
04/05/2023$530,000Sold
N/A
07/31/2020$440,000Sold
N/A
07/04/2020$435,000PendingAgent Provided
06/30/2020$435,000Listed For SaleAgent Provided
10/08/2004$330,000Sold
N/A
02/29/2000$156,000Sold
N/A

Market trends in Riverside

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$636K
$4.17KMoM
Sale-to-List Price
100.0%
Price per sq ft
$390
$11MoM
Available listings
704
57MoM
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Property Tax and Assessment

Year2025
Tax$14,657
Assessment$1,315,000
Home facts updated by county records

Homeowner tools

Estimated monthly rent$2,697/mo
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Homes for rent near 6149 Palm Ave

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Comparable Sales for 6149 Palm Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4603 Jurupa Ave, Riverside, CA
0.20
Multi-Family Home
$885,000
01/14/26
6
3
2,088
4033 Linwood Pl, Riverside, CA
0.77
Multi-Family Home
$1,150,000
10/22/25
5
5
2,471
3577 McKinley St, Riverside, CA
1.17
Multi-Family Home
$1,200,000
06/20/25
13
11
2,708
4481 13th St, Riverside, CA
1.76
Multi-Family Home
$850,000
05/01/26
7
5
4,461
7442 Potomac St, Riverside, CA
1.31
Multi-Family Home
$655,000
06/25/25
4
2
1,647
7460 Potomac St, Riverside, CA
1.32
Multi-Family Home
$650,000
10/09/25
4
2
1,647
7457 Mount Vernon St, Riverside, CA
1.34
Multi-Family Home
$660,000
09/05/25
4
2
1,805
4228 10th St, Riverside, CA
1.96
Multi-Family Home
$960,000
07/29/25
6
4
2,600
4250 10th St, Riverside, CA
1.96
Multi-Family Home
$925,000
07/29/25
5
4
2,210
2789 Fairmount Blvd, Riverside, CA
2.18
Multi-Family Home
$760,000
11/17/25
5
4
2,400

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Assigned Schools

These are the assigned schools for 6149 Palm Ave.
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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Magnolia Center
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Magnolia Center

At least 129 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 81 % Say there are sidewalks

  • 79 % Say yards are well-kept

  • 72 % Say car is needed

  • 72 % Say there's holiday spirit

  • 70 % Say it's walkable to restaurants

  • 70 % Say parking is easy

  • 69 % Say it's walkable to grocery stores

  • 69 % Say streets are well-lit

  • 63 % Say people would walk alone at night

  • 57 % Say they plan to stay for at least 5 years

  • 52 % Say there's wildlife

  • 50 % Say neighbors are friendly

  • 49 % Say kids play outside

  • 40 % Say it's quiet

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Evanbarrios
    "Be careful everyone. Please look out each other. If you can get a gun get one for protection. Please pick up after your dog. "
    0
    Flag
  • Trulia User
    "I don’t live far from where I work. It’s a quick jump on the freeway and I’m on way - 15 minutes tops "
    1
    Flag
  • Trulia User
    "This neighborhood is peaceful and has beautiful views. There are lots roads to orange trees and nurseries as well. "
    0
    Flag
  • Sandra Torres
    "I moved to magnolia center in Riverside recently. 3 months ago and it has been a great experience so far. Streets aren’t too crowded. You see family doing evening walks with their dogs. Overall it’s been a good experience can’t wait to see how the Holidays get on this part of town. "
    6
    Flag
  • Sarah K.
    "People let their dogs off leash. It shouldn’t matter the size. Dogs need to be leashes when in front yard or fenced"
    3
    Flag
  • Lacey F.
    "I love my neighborhood. It is friendly, safe, well kept and I have nice neighbors. I love being close to downtown and even closer to the Brockton arcade. "
    0
    Flag
  • Ms.shauuna
    "Beware of moving into Plaza West Condos....changed the rules and now you get your garage, parallel parking behind it, and anything above that you are forced to park out on the Main Street while tons of empty spots sit inside complex waiting for visitors. (Which you only get 1 visitor pass) numerous cars have been vandalized and HOA does nothing about it..."
    19
    Flag
  • Unspecified
    "its not too bad, they've done a good job getting rid of most of the homeless but there's still tweakers roaming the streets"
    2
    Flag
  • Golfskirtgirl
    "This neighborhood is great for dog walkers. Everyone is friendly and respectful. People walk in families too at all times, even late in the evening. "
    0
    Flag
  • Robyn L.
    "There are no community events in our neighborhood at all but we still very much love our neighborhood. "
    0
    Flag
  • Lovernotfighter
    "Can walk to Riverside Plaza. Movies, restaurants, coffee shops, markets, pharmacy, Trader Joes shopping."
    11
    Flag
  • Aartlover49
    "neighbors watch out for each others property. Dog walkers. Shopping Hospitals and restaurants .7 miles away"
    7
    Flag
  • Dlkdesign68
    "I've lived here for almost two years. I walk to work and love it! Lots of great restaurants and culture. Not a cookie cutter neighborhood."
    9
    Flag
  • Truslowcharles
    "I've lived here for three years now and I love it. Its quiet and a nice neighborhood in a great location. "
    9
    Flag
  • Klynna5
    "I have lived in this area for almost two years and absolutely love it. The neighborhood is quiet and all of our neighbors are friendly. We feel safe and at home. "
    11
    Flag

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Off Market Homes Near 6149 Palm Ave

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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. as of 2026-02-09 09:51:42 PST 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
6149 Palm Ave, Riverside, CA 92506 is a 7 bedroom, 6 bathroom, 3,090 sqft multi-family built in 1951. 6149 Palm Ave is located in Magnolia Center, Riverside. This property is not currently available for sale. 6149 Palm Ave was last sold on Jul 26, 2024 for $1,315,000 (1% higher than the asking price of $1,299,000).