3-Unit Triplex with Guest
For Sale
$889,000
2944 6th, Riverside, CA 92507
The property combines a three-bedroom, two-bath home with a one-bedroom ADU and a five-bedroom guest house.
Property Size2,872 SF
Price / SF$309.54
Days on Market202
Property Features for 2944 6th
General Information
Standard status
Active
Size
2,872 SF
Property subtype
Triplex
Site & Location
Neighborhood
Eastside
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA, 1 x 5BR/1BA
Multifamily Units
3
Building Details
Building Size
2,872 SF
Year Built
1915
Listing Agency:
Y Realty
(213) 344-7856
Listed By:
Steven Richardson · License #01510320
(877) 976-5348
Source:
Powerof2realty
Added: Apr 16
Changed: Nov 2
Last Checked: Nov 3 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Y Realty
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Investment Insights
Based on property information with market context.
This Riverside triplex contains three separate living spaces: a three-bedroom, two-bath home, a rear ADU with one bedroom and one bath, and a five-bedroom, one-bath guest house. The ADU and guest house have been remodeled. Built in 1915, the property is in Downtown Riverside.
Downtown destinations include the Mission Inn, Riverside Art Museum, Fox Performing Arts Center, Riverside Philharmonic, and the Downtown Riverside Farmers Market. Mt. Rubidoux hiking trails and UC Riverside are also nearby.
Downtown destinations include the Mission Inn, Riverside Art Museum, Fox Performing Arts Center, Riverside Philharmonic, and the Downtown Riverside Farmers Market. Mt. Rubidoux hiking trails and UC Riverside are also nearby.
Key Highlights
- Three residential units: a 3‑bedroom, 2‑bath home, a 1‑bedroom, 1‑bath rear ADU, and a 5‑bedroom, 1‑bath guest house
- The rear ADU and guest house have been remodeled
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,176
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,520
$843.5K
Cap Rate 7%
$602,514
$602.5K
Cap Rate 9%
$468,622
$468.6K
Market Conditions
NOI Build-Up for 2,872 SF
Gross rent
$63.8K $22.20/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$60.3K $20.98/SF
− OpEx
−$18.1K −$6.29/SF
NOI
$42.2K $14.69/SF
Area
ZIP 92507
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,520
Cap Rate 7%
$602,514
Cap Rate 9%
$468,622
Alternative Uses
Best Use
Multifamily LT 5
$602.5K
$527.2K – $702.9K
NOI $42,176 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$557.1K
$487.4K – $649.9K
NOI $38,994 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$984.3K
$861.2K – $1.15M
NOI $68,899 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,127
Businesses Nearby
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Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines a three-bedroom, two-bath home with a one-bedroom ADU and a five-bedroom guest house.
Where is this triplex located?
The property is located at 2944 6th Riverside, CA.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Three residential units: a 3‑bedroom, 2‑bath home, a 1‑bedroom, 1‑bath rear ADU, and a 5‑bedroom, 1‑bath guest house; The rear ADU and guest house have been remodeled; Built in 1915
