3633 Kansas Avenue, Riverside, CA 92507
Local realty services provided by:ERA North Orange County Real Estate
3633 Kansas Avenue,Riverside, CA 92507
$948,000
- 7 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: meha chopra
Office: douglas elliman of ca inc
MLS#:P1-26538
Source:San Diego MLS via CRMLS
Price summary
- Price:$948,000
About this home
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 Rivers...
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Home facts
- Listing ID #:P1-26538
- Added:93 day(s) ago
- Updated:July 05, 2026 at 02:44 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
Heating and cooling
- Heating:Fireplace
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$948,000
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