$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 2 days ago

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.

Listing Status:
Active
Date Added:
April 4, 2026
Data Last Updated:
April 4, 2026 at 10:18PM
Listing Office:
Douglas Elliman of Ca Inc : (310) 595-3888
Listing Agent:
Meha Chopra : (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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Location

Schools Nearby

L

Longfellow Elementary School

3610 Eucalyptus Ave, Riverside, CA, 92507

Grades KG-6

0.11 miles away

U

University Heights Middle School

1155 Massachusetts Ave, Riverside, CA, 92507

Grades 7-8

1.37 miles away

A

Abraham Lincoln Continuation

4341 Victoria Ave, Riverside, CA, 92507

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.