3633 Kansas Avenue, Riverside, CA 92507
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
3633 Kansas Avenue,Riverside, CA 92507
$948,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: meha chopra
Office: douglas elliman of ca inc
MLS#:P1-26538
Source:CRMLS
Price summary
- Price:$948,000
About this home
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....
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Home facts
- Year built:1907
- Listing ID #:P1-26538
- Added:1 day(s) ago
- Updated:April 04, 2026 at 01:37 PM
Rooms and interior
- Flooring:Carpet, Laminate
- Kitchen Description:Electric Range, Gas Range, Microwave, Refrigerator
Heating and cooling
- Heating:Fireplaces
Structure and exterior
- Roof:Shingle
- Year built:1907
- Lot area:0.33 Acres
- Lot Features:Back Yard, Landscaped, Near Public Transportatn, Rocks, Yard
- Architectural Style:Craftsman, Modern
- Foundation Description:Concrete Perimeter
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$948,000
Features and amenities
- Appliances:Electric Range, Gas Range, Microwave, Refrigerator, Water Heater
- Amenities:Carbon Monoxide Detectors, Ceiling Fans, Security Lights, Smoke Detectors, Storage Space
Parking
- Total parking spaces:8
- Parking description:Driveway, Garage, On Street
- Garage:Yes
- Garage spaces:2
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