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Listed by Meha Chopra, DRE #02187521 • Douglas Elliman of Ca Inc
$948,000
Est. payment /mo
Active
3633 Kansas AVE Riverside, CA 92507
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-26538
Style Contemporary,Craftsman
Year Built 1907
Source California Regional MLS
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, am
Location
State CA
County Riverside
Area 252 - Riverside
Rooms
Kitchen Microwave, Oven Range - Gas, Refrigerator
Interior
Heating Fireplace
Cooling None
Flooring Laminate
Exterior
Parking Features Garage, Off-Street Parking, Other
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Shingle
Building
Foundation Concrete Perimeter
Water Hot Water, District - Public
Architectural Style Contemporary, Craftsman
Others
Tax ID 211104018
Special Listing Condition Not Applicable
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