Updated Triplex With
New
For Sale
$784,900
Pending
3309 3311 Brockton Ave, Riverside, CA 92501
Separately metered residences include dedicated garages and a vacant, updated unit ready for occupancy or leasing.
Property Size2,466 SF
Days on Market4
Property Features for 3309 3311 Brockton Ave
General Information
Standard status
Pending
Size
2,466 SF
Total Parking Spaces
3
Property subtype
Investment
Additional Details
Utilities to Site
Yes
Amenities
interior laundry room
Building Details
Building Size
2,466 SF
Year Built
1952
Units
3
Tenancy
Multi
Abandoned
No
Listing Agency:
(949) 306-2942
Listed By:
Ruth Bridge · License #01918207
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 5 at 9:06AM
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 Ruth Bridge
Investment Insights
Based on property information with market context.
This Riverside triplex comprises three separately addressed residences at 3309 and 3311 Brockton Avenue and 4140 3rd Street. The configuration includes two two-bedroom, one-bath units and one updated one-bedroom, one-bath unit. Each residence has an individual utility meter and a designated single-car garage. Both two-bedroom units also include interior laundry rooms.
The one-bedroom residence is vacant and has been refreshed for immediate occupancy or leasing. The two larger units are occupied by long-term tenants. Recent exterior painting provides a current improvement to the property, which was built in 1952.
The one-bedroom residence is vacant and has been refreshed for immediate occupancy or leasing. The two larger units are occupied by long-term tenants. Recent exterior painting provides a current improvement to the property, which was built in 1952.
Key Highlights
- Three separately addressed units with individual utility meters
- Unit mix: two 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence
- Each unit includes a designated single‑car garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $25.44 |
| − Vacancy | −$1.1k | −$0.46 |
| EGI | $61.6k | $24.98 |
| − OpEx | −$18.5k | −$7.49 |
| NOI | $43.1k | $17.49 |
2,466 SF · lease $25.44/SF/yr · vacancy 1.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$616.1K
$539.1K – $718.7K
NOI $43,124 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$563.4K
$493.0K – $657.3K
NOI $39,437 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$846.0K
$740.3K – $987.0K
NOI $59,222 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 92501, CA
22,017
Population
7,488
Households
2.9
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
5.6 sq mi
ZIP Area
3,932
Density / Sq Mi
$83,027
Median Household Income
$41,780
Median Earnings
$1,615
Median Rent
$466,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separately metered residences include dedicated garages and a vacant, updated unit ready for occupancy or leasing.
Where is this triplex located?
The property is located at 3309 3311 Brockton Ave Riverside, CA.
What is the asking price?
The asking price for this property is $784,900.
What are key features of this property?
This property features: Three separately addressed units with individual utility meters; Unit mix: two 2‑bedroom, 1‑bath residences and one 1‑bedroom, 1‑bath residence; Each unit includes a designated single‑car garage
