Riverside, CA 92506,6149 Palm AVE
See all 75 photos
Riverside, CA 92506,6149 Palm AVE
Riverside, CA 92506,6149 Palm AVE
Riverside, CA 92506,6149 Palm AVE
Riverside, CA 92506,6149 Palm AVE

$1,315,000

Est. payment /mo

$1,299,000

1.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6149 Palm AVE Riverside, CA 92506

0.27 Acres Lot

SOLD DATE : 07/26/2024

Key Details

Sold Price $1,315,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IV24114691

Sold Date 07/26/24

HOA Y/N No

Year Built 1951

Lot Size 0.270 Acres

Property 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 !

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R-3

Interior

Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting, All Bedrooms Down

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type Living Room

Fireplace Yes

Appliance Electric Range, Gas Range, Microwave

Laundry In Kitchen, Laundry Room

Exterior

Garage Spaces 2.0

Garage Description 2.0

Fence Vinyl

Pool None

Community Features Biking, Park, Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Asphalt

Accessibility Parking

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction Yes

Others

Senior Community No

Tax ID 226342020

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by ROBIN RICHARD • INLAND CITIES REALTY • 951-642-3642
Bought with Armando Martinez • 24 Hour Real Estate

Andrew Rhoda

Agent | License ID: 01879250

+1(310) 295-7596

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.