Riverside Triplex with ADU
For Sale
$948,000
3633 Kansas Ave, Riverside, CA 92507
Rare triplex with income and value-add potential near UCR.
Property SizeContact for details
Lot Size0.33 Acres
Days on Market138
Property Features for 3633 Kansas Ave
General Information
Standard status
Active
Lot size
0.33 Acres
Property subtype
Investment
Building Details
Year Built
1907
Stories
2
Listing Agency:
(818) 669-6024
Listed By:
Meha Chopra · License #02187521
(818) 669-6024
Source:
Elliman
Added: Apr 15
Changed: Aug 16
Last Checked: Aug 29 at 11:27AM
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 Meha Chopra
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Significant income upside with city‑approved ADU plans projecting an additional $21,000 annually, bringing total projected income to approximately $85,704 per year.
- Strong in‑place income of approximately $64,704 annually.
- Extensive recent improvements including a new roof, full unit rehabs completed in 2023, fresh paint, and termite work, resulting in a low‑maintenance investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Explore this area
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
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 - Rare triplex with income and value-add potential near UCR.
Where is this triplex located?
The property is located at 3633 Kansas Ave Riverside, CA.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: Significant income upside with city‑approved ADU plans projecting an additional $21,000 annually, bringing total projected income to approximately $85,704 per year.; Strong in‑place income of approximately $64,704 annually.; Extensive recent improvements including a new roof, full unit rehabs completed in 2023, fresh paint, and termite work, resulting in a low‑maintenance investment.
