1
Map
$545,000
●
House -
Off Market
6714 Palm
Riverside, CA 92506
2 Beds
1 Bath
965 Ft²
$2,701
Est. Monthly
About This Property
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. Possible
potential for an ADU or a pool(buyers to verify). 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!
Unit Size
965 Ft²
Days on Market
76 days
Land Size
0.17 acres
Price per sqft
$570
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1940
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 8 days ago (CRMLS #IG26162238)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Sold | ||
| Sold | |||
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Aug 22, 2026 | Relisted | $549,900 | |
| Relisted | |||
| Aug 20, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by Realty Masters & Associates | $575,000 | |
| Listed by Realty Masters & Associates | |||
Property Highlights
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Magnolia Center
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Joseph Greene, Realty Masters & Associates
Last Updated: 8 days ago
Data Source: CRMLS, MLS# IG26162238
Last Updated: 8 days ago
Data Source: CRMLS, MLS# IG26162238
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