3633 Kansas AVE, Riverside, CA 92507
3633 Kansas AVE, Riverside, CA 92507
3633 Kansas AVE, Riverside, CA 92507
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Marissa Perez

Marissa Perez

+1(760) 899-9591
$948,000
Est. payment /mo
0.33 Acres Lot
Save

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 opportunity to own a beautifully updated triplex in the heart of Riverside offering immediate cash flow, exceptional upside, and a unique path to owner occupancy.One unit is currently vacant, creating an ideal opportunity for an owner-occupant to move in and potentially take advantage of owner-occupied financing options, including FHA financing for qualified buyers (buyer to verify with lender), while collecting rental income from the remaining units to help offset monthly housing costs. This is an excellent opportunity for buyers looking to build wealth through 'house hacking.'The property last generated approximately $64,704 in annual income with all three units occupied, with the potential to increase to approximately $85,704 annually through the included architect-prepared, city-approved ADU plans utilizing the existing detached garage (buyer to verify), creating a straightforward path to adding a fourth income-producing unit.Situated on two contiguous parcels totaling approximately 0.33 acres, this investment has undergone extensive recent improvements, including a new roof, complete unit renovations in 2023, fresh interior and exterior paint, and completed termite work, providing a low-maintenance ownership experience.The property features three well-designed units, ample on-site parking, and a detached garage assigned to the larger unit. Tenants pay gas, electricity, and trash, while owner expenses are limited to water and landscaping, contributing to strong operating margins.Ideally located just minutes from UC Riverside, Riverside City College, Downtown Riverside, and convenient access to the 60, 91, and 215 freeways, this property appeals to both seasoned investors and owner-occupants seeking rental income with long-term appreciation potential.Whether you're looking for a strong performing investment or the opportunity to live in one unit while your tenants help pay the mortgage, this property offers flexibility that is increasingly difficult to find.Drive-by only. Please do not disturb tenants. Interior inspection subject to an 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

Read Less Info
CRMLS Full IDX Feed (MAIN Website Search)
Listed by Meha Chopra Douglas Elliman of Ca Inc (818) 669-6024, DRE #02187521

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Marissa Perez
Marissa Perez

Broker | License ID: 01814964

+1(760) 899-9591

www.marissaperezrealtor.com

1699 W Main St, El Centro, CA, 92243-2235, USA

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from or on behalf of House & Commerce Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Get a tour of this home

3633 Kansas AVE