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Bill Lane

bill@billlanerealty.com +1(619) 243-4000

$ 948,000

Est. payment -/mo

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Active

3633 Kansas AVE Riverside, CA 92507

0.33 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-26538

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1907

Lot Size 0.330 Acres

Property Sub-Type Triplex

Property Description

RARE triplex investor opportunity in the heart of Riverside featuring strong in-place income and significant value-add potential. The property generates approximately $64,704 in current annual income, with projected upside of approximately $21,000 annually through a city-approved ADU plan, bringing total projected income to approximately $85,704 per year. Situated on two contiguous parcels totaling approximately 0.33 acres!The property has undergone extensive recent improvements, including a new roof, full unit rehabs completed in 2023, fresh exterior and interior paint, and completed termite work, offering a low-maintenance investment profile.Included with the sale are architect-prepared, city-approved plans for an ADU utilizing an existing detached garage, providing a lower-cost path to adding a fourth unit and increasing future income (buyer to verify).The property consists of three units with functional layouts, ample on-site parking, and one detached garage assigned to the larger unit. Tenants currently pay gas, electricity, and trash, while owner expenses are limited to water and landscaping, supporting favorable operating margins.Centrally located near University of California Riverside, Riverside City College, and major freeways (60, 91, 215).Ideal for investors seeking immediate cash flow with minimal deferred maintenance and clear upside through ADU development.Drive-by only. Please do not disturb tenants. Interior inspection subject to accepted offer.

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Interior Features Ceiling Fan(s), Storage, Tile Counters, Bedroom on Main Level

Heating Fireplace(s)

Cooling None

Flooring Carpet, Laminate

Fireplaces Type Gas

Inclusions City approved ADU plans! Appliances included.

Fireplace Yes

Appliance Electric Range, Gas Range, Microwave, Refrigerator, Water Heater

Exterior

Parking Features Driveway, Garage, On Street

Garage Spaces 2.0

Garage Description 2.0

Fence Good Condition, Wire

Pool None

Community Features Sidewalks

View Y/N No

View None

Roof Type Shingle

Accessibility Parking, Accessible Doors

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Landscaped, Near Public Transit, Rocks, Yard

Faces East

Story 2

Entry Level Two

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Craftsman, Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 211104018

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Meha Chopra Douglas Elliman of Ca Inc (818) 669-6024, DRE #02187521

Bill Lane

3633 Kansas AVE Riverside, CA 92507

Key Details

Location

Interior

Exterior

Building

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3633 Kansas AVE