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6149 Palm Avenue
Riverside, CA 92506
Sold
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 !
PROPERTY INFORMATION
| MLS # | IV24114691 | Lot Size | 11,761 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,299,000
Price Per SqFt: $ 420 |
DOM | 330 Days |
| Address | 6149 Palm Avenue | Type | Residential Income |
| City | Riverside | Sq.Ft. | 3,090 Sq. Ft. |
| Postal Code | 92506 | Garage | 2 |
| County | Riverside | Year Built | 1951 |
| Bed / Bath | 7 / 0 | Parking | 2 |
| Built In | 1951 | Status | Closed |
| Sold Date | 2024-07-26 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | In Kitchen, Individual Room |
| Has Fireplace | Yes |
| Fireplace Information | Living Room |
| Has Appliances | Yes |
| Kitchen Appliances | Electric Range, Gas Range, Microwave |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | All Bedrooms Down |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Vinyl |
| InteriorFeatures Information | Ceiling Fan(s), Quartz Counters, Recessed Lighting |
| DoorFeatures | French Doors |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Roof | Asphalt |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Vinyl |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,386
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/26/2024 | Sold | $1,315,000 |
| 06/05/2024 | Listed | $1,299,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of ROBIN RICHARD, INLAND CITIES REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
