3633 Kansas Ave Riverside, CA 92507

This triplex in Riverside presents an investor opportunity with in-place income and value-add potential. The property currently generates approximately $64,704 in annual income, with a projected upside of approximately $21,000 annually through a city-approved ADU plan, potentially bringing the total projected income to approximately $85,704 per year. Situated on two contiguous parcels totaling approximately 0.33 acres, the property has undergone recent improvements, including a new roof, full unit rehabs completed in 2023, fresh exterior and interior paint, and completed termite work. Included with the sale are architect-prepared, city-approved plans for an ADU utilizing an existing detached garage. 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 for gas, electricity, and trash, while owner expenses are limited to water and landscaping. The property is centrally located near the University of California Riverside, Riverside City College, and major freeways (60, 91, 215). This property is suited for investors seeking immediate cash flow with minimal deferred maintenance and clear upside through ADU development.