67,518 sqft

$5,645,000

4830 Palm Avenue, Riverside CA, 92501

Price per sqft$83.61

Built in1969

Property size67,518 sqft

Property typeCondominium

Bought with Chris Keramati with Triqor Group and Listed by Chris Keramati CA DRE# 01702116 with Triqor Group [email protected]

Overview

Sold

Closed

Listed Oct 8, 2025

Updated 3 weeks ago

We are pleased to present the Palm Vista Apartments, a 24-unit multifamily property situated on over half an acre in Riverside, CA. The community consists primarily of spacious two- and three-bedroom units arranged around a landscaped outdoor courtyard. Located directly across from Ryan Bonaminio Sports Park and adjacent to the Historic Woods District, the property offers residents a quiet yet well-connected living experience. Units feature central A/C, electric cooking, individual electric meters and water heaters, with most units offering large patios or balconies. Common area amenities include a laundry facility, covered parking with secure storage, and a barbecue and picnic area. Additionally, the property provides a 2:1 parking ratio with 24 covered parking with storage and 23 open parking spaces. With a cap rate of 6.6% on market rents, Palm Vista Apartments presents a compelling, income-producing investment opportunity. (The Studio is Non-Conforming. Buyer to Verify Unit Mix)

Additional information

MLS^® ID: PW25235462

Interior Features

Basement: No

Exterior Features

Lot Size: 0.5 Acres

Other Property Details

55+/Senior Community: No

Bought with Chris Keramati with Triqor Group and Listed by Chris Keramati CA DRE# 01702116 with Triqor Group [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:31 AM UTC Last Checked: 1:31 AM UTC