3633 Kansas Ave Riverside, CA 92507
Eastside NeighborhoodEstimated payment $5,556/month
Highlights
- 0.33 Acre Lot
- Property is near public transit
- Private Yard
- Craftsman Architecture
- Main Floor Bedroom
- Tile Countertops
About This Home
RARE triplex investor opportunity in the heart of Riverside featuring strong in-place income and significant value-add potential. The property generates approximately $64,704 in current annual income, with projected upside of approximately $21,000 annually through a city-approved ADU plan, bringing total projected income to approximately $85,704 per year. Situated on two contiguous parcels totaling approximately 0.33 acres!The property has undergone extensive recent improvements, including a new roof, full unit rehabs completed in 2023, fresh exterior and interior paint, and completed termite work, offering a low-maintenance investment profile.Included with the sale are architect-prepared, city-approved plans for an ADU utilizing an existing detached garage, providing a lower-cost path to adding a fourth unit and increasing future income (buyer to verify).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 gas, electricity, and trash, while owner expenses are limited to water and landscaping, supporting favorable operating margins.Centrally located near University of California Riverside, Riverside City College, and major freeways (60, 91, 215).Ideal for investors seeking immediate cash flow with minimal deferred maintenance and clear upside through ADU development.Drive-by only. Please do not disturb tenants. Interior inspection subject to accepted offer.
Listing Agent
Douglas Elliman of Ca Inc Brokerage Phone: (818) 669-6024 License #02187521 Listed on: 04/04/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1907 | Remodeled
Lot Details
- 14,375 Sq Ft Lot
- 1 Common Wall
- East Facing Home
- Wire Fence
- Fence is in good condition
- Landscaped
- Private Yard
- Back Yard
- Density is up to 1 Unit/Acre
- 211104017Additional parcel included, providing expanded land area and added potential for future use or development of city approved ADU.
Parking
- 2 Car Garage
- Parking Available
- Driveway
- On-Street Parking
Home Design
- Triplex
- Craftsman Architecture
- Modern Architecture
- Entry on the 1st floor
- Turnkey
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Gas Fireplace
- Entryway
- Family Room
- Living Room
- Storage
- Laundry Room
Kitchen
- Gas and Electric Range
- Microwave
- Tile Countertops
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 7 Bedrooms
- Main Floor Bedroom
- 4 Bathrooms
Home Security
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- Doors swing in
- Accessible Parking
Location
- Property is near public transit
Utilities
- Heating Available
- Water Heater
Listing and Financial Details
- Tax Lot 0018
- Assessor Parcel Number 211104018
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,422
- Water Sewer Expense $697
- Operating Expense $18,819
- Gross Income $61,469
- Net Operating Income $42,650
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,997 | $552,451 | $97,797 | $454,654 |
| 2023 | $5,997 | $531,000 | $94,000 | $437,000 |
| 2022 | $4,686 | $415,000 | $59,000 | $356,000 |
| 2021 | $1,357 | $113,785 | $24,106 | $89,679 |
| 2020 | $1,347 | $112,619 | $23,859 | $88,760 |
| 2019 | $1,323 | $110,412 | $23,392 | $87,020 |
| 2018 | $1,298 | $108,248 | $22,934 | $85,314 |
| 2017 | $1,276 | $106,127 | $22,485 | $83,642 |
| 2016 | $1,198 | $104,047 | $22,045 | $82,002 |
| 2015 | $1,181 | $102,486 | $21,715 | $80,771 |
| 2014 | $1,169 | $100,481 | $21,291 | $79,190 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/04/2026 04/04/26 | For Sale | $948,000 | 0.0% | -- | |
| 04/01/2023 04/01/23 | Rented | $1,750 | -5.4% | -- | |
| 03/17/2023 03/17/23 | Under Contract | -- | -- | -- | |
| 03/07/2023 03/07/23 | For Rent | $1,850 | 0.0% | -- | |
| 12/16/2022 12/16/22 | Sold | $625,000 | -3.8% | $311 / Sq Ft | View Prior Sale |
| 11/03/2022 11/03/22 | Price Changed | $650,000 | 0.0% | $324 / Sq Ft | |
| 11/03/2022 11/03/22 | For Sale | $650,000 | +4.0% | $324 / Sq Ft | |
| 09/14/2022 09/14/22 | Off Market | $625,000 | -- | -- | |
| 09/14/2022 09/14/22 | Pending | -- | -- | -- | |
| 08/03/2022 08/03/22 | Price Changed | $730,000 | -5.8% | $364 / Sq Ft | |
| 04/08/2022 04/08/22 | For Sale | $775,000 | -- | $386 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $625,000 | Wfg National Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-26538
APN: 211-104-018
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 2125 7th St
- 2032 W Linden St
- 3395 Franklin Ave
- 3393 Eucalyptus Ave
- 3420 Comer Ave
- 2586 University Ave
- 0 Arlington Ave Unit IV25272555
- 0 Arlington Ave Unit SW24165534
- 2315 11th St
- 2944 6th St
- 2643 Tenth St
- 2643 10th St
- 4110 Dwight Ave
- 4149 Sedgwick Ave
- 3496 Commerce St
- 2790 11th St
- 2743 12th St
- 3800 Commerce St
- 3112 1st St
- 4264 Victoria Ave
- 2726 5th St Unit 2726 5th St #4
- 2726 5th St Unit 2726 5th St #2
- 2618 4th St
- 3526 Lou Ella Ln Unit 3526
- 3603-3623 Chicago Ave
- 3581 Chicago Ave
- 3581 Chicago Ave Unit E
- 3050 Mission Inn Ave
- 1863 12th St
- 2335 14th St
- 3939 Cranford Ave
- 3420 Lemon St Unit 3422
- 2800 Chicago Ave
- 4519 Grove Ave
- 3034 Lemon St
- 3036 Lemon St
- 1424 Everton Place
- 1415 Everton Place
- 3549 Iowa Rd
- 3750 Main St
Ask me questions while you tour the home.