
Riverside, California 92506
This property presents a High-Potential Investment Opportunity with a List Price of $649,500—positioned well above the $506,132 Fair Market Value by -28%. While priced above current estimates, the asset features a Condition Rating of 4, bolstered by significant capital improvements including a new roof, newer AC, and a 28-panel solar system with battery backups. The R-1-7000 Zoning and expansive lot provide substantial utility for future development. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project with resilient infrastructure.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6754 Palm Avenue Subject 4 bd · 2 ba · 1,450 sqft · $349 | $649,500* List Price | 4 | 2 | 1,450 | $349 | - |
A 4816 Sunnyside Sold 3 bd · 2 ba · 1,188 sqft · $463 · 0.5 mi | $550,000 | 3 | 2 | 1,188 | $463 | 0.5 mi |
B 6725 De Anza Avenue Sold 3 bd · 2 ba · 1,319 sqft · $451 · 0.4 mi | $595,000 | 3 | 2 | 1,319 | $451 | 0.4 mi |
C 4866 Sunnyside Sold 4 bd · 2 ba · 1,681 sqft · $407 · 0.5 mi | $685,000 | 4 | 2 | 1,681 | $407 | 0.5 mi |
D 3725 Tahoe Court Sold 3 bd · 3 ba · 1,536 sqft · $383 · 0.3 mi | $588,000 | 3 | 3 | 1,536 | $383 | 0.3 mi |
E 6964 Yellowstone Sold 4 bd · 2 ba · 1,582 sqft · $379 · 0.4 mi | $599,000 | 4 | 2 | 1,582 | $379 | 0.4 mi |
F 4427 Sunnyside Sold 3 bd · 3 ba · 1,443 sqft · $513 · 0.3 mi | $739,900 | 3 | 3 | 1,443 | $513 | 0.3 mi |
G 4621 Beverly Court Sold 3 bd · 2 ba · 1,306 sqft · $490 · 0.9 mi | $640,000 | 3 | 2 | 1,306 | $490 | 0.9 mi |
H 4545 Sunnyside Drive Sold 2 bd · 2 ba · 1,319 sqft · $474 · 0.3 mi | $625,000 | 2 | 2 | 1,319 | $474 | 0.3 mi |
I 3440 Mono Drive Active 3 bd · 2 ba · 1,540 sqft · $416 · 1.0 mi | $639,999 List Price | 3 | 2 | 1,540 | $416 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1945, the property is dated and requires cosmetic TLC, making it ideal for DIY buyers or investors. However, it avoids a lower rating due to excellent recent upgrades to major systems, including a new roof (1 year old), a newer AC system (4 years old), and a 28-panel solar system with battery backups.
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 = 1450.
Welcome to 6754 Palm Ave, a well-maintained single-story home offering generous space, meaningful upgrades, and a highly versatile lot in a quiet Riverside neighborhood. This 4-bedroom, 2-bath residence provides comfortable everyday living with excellent outdoor potential and modern energy features. The expansive lot offers room for outdoor living, RV parking, gardening, or future enhancements (subject to city approval), making it an ideal setting for buyers who value space and flexibility. Several major improvements have already been completed, providing long-term confidence and value. A new roof was installed just over a year ago, and the newer AC system (approx. 4 years old) supports efficient cooling throughout the home. One of the standout features is the 11.745 kW solar system with 28 panels and two battery backups, offering enhanced energy efficiency and resilience. The system operates under a transferable PPA at 20.05¢/kWh, compared to 24.77¢/kWh through Riverside Public Utilities, and produced 15,809.28 kWh in 2025. Buyers must assume the existing PPA and should verify all production data, savings, and lease terms directly with the solar provider. Additional upgrades include an underground drainage system with cleanouts tied into the laterals, supporting long-term property care. The garage is currently walled off with a floating wall, allowing flexible use of the space; the wall can be easily removed to restore full garage functionality if desired. Zoned R-1-7000 Single-Family Residential, the property is bordered by a residential home on one side and a commercial residential care facility (senior home) behind and adjacent, contributing to a quiet and stable environment. The large lot offers excellent privacy and versatility for buyers who value space and future potential. With its substantial upgrades, spacious lot, and comfortable floor plan, 6754 Palm Ave is an excellent opportunity for buyers seeking a well-maintained home with room to personalize over time. This property delivers value, stability, and potential in one of Riverside’s desirable residential pockets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,450 | 1,854.896 |
| Lot Size | 7,405 | 8,680.308 |
| Price | $649.5K | $698.4K |
| Price per sq ft | $448 | $380 |
| Built year | 1945 | 1982 |
| HOA | $0 | $156 |
| Days on market | 41 | 57 |
Sep 14, 2026
$649,500
Initial Listing
Jan 22, 2016
$312,000
Public Record
Oct 12, 2012
$245,000
Public Record
Mar 29, 2012
$131,000
Public Record
Dec 9, 1993
$66,000
Public Record