6714 Palm, Riverside, California 92506, Riverside, 92506 - 2 bed, 1 bath
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6714 Palm
Riverside, California 92506
ACTIVE
CONDITION: GOOD
2Beds
1Baths
965Sq Ft
7,405Lot Size
Property Price
LIST PRICE$549,900
EST. MARKET VALUE
$564,308
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $575,000—positioned slightly above the $570,686 Fair Market Value. While priced at market, the property features a Condition Rating of 3, with major systems updated in 2009. The oversized 7,405 square foot lot provides significant expansion potential for an ADU or pool. Located in the desirable Magnolia Center, this home offers a blend of stability and long-term growth. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-maintained, move-in ready home.
Estimated Market Value
$564,308
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6714 Palm Subject | $549,900* List Price | 2 | 1 | 965 | $585 | - |
A 4640 Cover Sold | $560,000 | 2 | 1 | 956 | $586 | 0.6 mi |
B 3516 Mckinley Street Sold | $530,000 | 2 | 1 | 990 | $535 | 0.7 mi |
C 4390 Edgewood Sold | $580,000 | 2 | 2 | 960 | $604 | 1.0 mi |
D 6490 Palm Sold | $654,000 | 2 | 1 | 1,132 | $578 | 0.2 mi |
E 3595 Timothy Way Sold | $580,000 | 3 | 1 | 1,134 | $511 | 0.5 mi |
F 4653 Beatty Sold | $615,000 | 2 | 1 | 1,288 | $477 | 0.4 mi |
G 3623 Arlington Ave Sold | $585,000 | 2 | 1 | 1,092 | $536 | 0.5 mi |
H 4545 Sunnyside Drive Sold | $625,000 | 2 | 2 | 1,319 | $474 | 0.2 mi |
I 4158 Gardena Drive Active | $615,000 List Price | 2 | 1 | 1,014 | $607 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is well-maintained and move-in ready with major systems (HVAC, roof, windows) and kitchen cabinets updated in 2009. At 17 years post-renovation, the components fall within the 10-20 year 'Good' range; while the kitchen tile and styling are becoming dated, the home features fresh paint and functional upgrades like an EV charger hookup.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 965.
- Prime Central Location
Situated in the highly desirable Magnolia Center, this property offers exceptional walkability and convenience to Central Plaza, local parks, and quick 91 freeway access.
- Significant Expansion Potential
The oversized 7,405 square foot lot and strategic front-loading of the home create a massive backyard with ample space for a swimming pool or a secondary ADU dwelling.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At just 965 square feet, the compact living area may feel restrictive for growing families or those requiring a dedicated home office space.
- Single Bathroom Constraint
The 2-bedroom, 1-bathroom configuration can be a significant drawback for modern buyers, often creating a functional bottleneck and impacting long-term resale value.
About 6714 Palm
HUGE $25K price reduction!!!! Welcome to 6714 Palm Avenue, in the heart of Magnolia Center! This charming 2 bedroom & 1 bathroom home offers 965 square feet of comfortable living space, on a generous 7,405 square foot lot, & a 2 car detached garage. A steel front gate/entry, steel backyard gate, & landscaping provide added privacy/curb appeal. Discover fresh interior & exterior trim paint, plus wood flooring(tile in kitchen and bathroom), & inside laundry(in kitchen). Offering peace of mind...roof, acrylic stucco exterior, HVAC, kitchen cabinets, and dual-pane windows were all updated in 2009. With the home ideally situated towards the front of the property; the lot layout creates a spacious green grassed backyard with pomegranate, apple, & green plum trees. Such as possible potential for an ADU or a pool(buyers to verify). Pomegranate, apple, & green plum trees add to the backyard appeal. Wired for EV charger. You'll enjoy easy access to Central Plaza, shopping, dining, parks, schools, and quick 91 freeway access. Whether you're a small family, looking for your first home, a downsizing opportunity, a property with future expansion potential, or just a super cool home...this one is full of it all!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 965 | 1,867.892 |
| Lot Size | 7,405 | 8,787.773 |
| Price | $549.9K | $692.3K |
| Price per sq ft | $570 | $386 |
| Built year | 1940 | 1980 |
| HOA | $0 | $151 |
| Days on market | 42 | 55 |
Pricing History
Listed for Sale
Aug 22, 2026
$549,900
$575,000
-4% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$575,000
Initial Listing
Sold
Dec 1, 2009
$180,000
Public Record
Sold
Jul 10, 2009
$90,000
Public Record
Sold
Jun 4, 1999
$91,500
Public Record
Sold
Jan 29, 1999
$70,500
Public Record