$948,000

3633 Kansas Avenue, Riverside, CA 92507

  • Property Icon Triplex
  • Property Year Built Icon Built in 1907
  • Property Lot Size Icon0.33acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

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.

Listing Status:
Active
Date Added:
April 4, 2026
Data Last Updated:
August 15, 2026 at 7:18PM
Listing Office:
Douglas Elliman of Ca Inc : (310) 595-3888
Listing Agent:
Meha Chopra : (818) 669-6024
Contact:
(818) 669-6024
MLS ID:
P1-26538
  • General: Ceiling Fan(s)StorageTile CountersBedroom on Main Level
  • Appliances: Electric RangeGas RangeMicrowaveRefrigeratorWater Heater
  • Flooring: CarpetLaminate
  • A/C: None
  • Heating: Fireplace(s)
  • Fireplace: GasFireplace
  • Disability Feature: ParkingAccessible Doors
  • General: None
  • Style: CraftsmanModern
  • Pool: None
  • Parking: DrivewayGarageOn StreetParking spaces: 8
  • Roofing: Shingle
  • General: 2Concrete Perimeter
  • Road/Access: City Street
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS_CRF
  • County: Riverside
  • Zoning: 211104018
  • View: None
  • Fencing: Good ConditionWire
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRF

This listing courtesy of Meha Chopra , Douglas Elliman of Ca Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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