4830 Palm Avenue, Riverside, CA 92501

About this property

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)

Listing description from the February 2026 sale, as reported to CRMLS.

Sale history

$5,645,000

Sold February 2026 · listed $6,250,000, on market October 2025 · MLS #PW25235462 · Source: CRMLS

Listing Agent: Chris Keramati · Listing Office: Triqor Group · Contact: chris@triqorgroup.com · Bought with: Chris Keramati · Triqor Group

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