3633 Kansas Ave Riverside, CA 92507
Eastside NeighborhoodEstimated payment $5,621/month
Highlights
- 0.33 Acre Lot
- Property is near public transit
- Private Yard
- Craftsman Architecture
- Main Floor Bedroom
- Tile Countertops
About This Home
RARE opportunity to own a beautifully updated triplex in the heart of Riverside offering immediate cash flow, exceptional upside, and a unique path to owner occupancy.One unit is currently vacant, creating an ideal opportunity for an owner-occupant to move in and potentially take advantage of owner-occupied financing options, including FHA financing for qualified buyers (buyer to verify with lender), while collecting rental income from the remaining units to help offset monthly housing costs. This is an excellent opportunity for buyers looking to build wealth through 'house hacking.'The property last generated approximately $64,704 in annual income with all three units occupied, with the potential to increase to approximately $85,704 annually through the included architect-prepared, city-approved ADU plans utilizing the existing detached garage (buyer to verify), creating a straightforward path to adding a fourth income-producing unit.Situated on two contiguous parcels totaling approximately 0.33 acres, this investment has undergone extensive recent improvements, including a new roof, complete unit renovations in 2023, fresh interior and exterior paint, and completed termite work, providing a low-maintenance ownership experience.The property features three well-designed units, ample on-site parking, and a detached garage assigned to the larger unit. Tenants pay gas, electricity, and trash, while owner expenses are limited to water and landscaping, contributing to strong operating margins.Ideally located just minutes from UC Riverside, Riverside City College, Downtown Riverside, and convenient access to the 60, 91, and 215 freeways, this property appeals to both seasoned investors and owner-occupants seeking rental income with long-term appreciation potential.Whether you're looking for a strong performing investment or the opportunity to live in one unit while your tenants help pay the mortgage, this property offers flexibility that is increasingly difficult to find.Drive-by only. Please do not disturb tenants. Interior inspection subject to an 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
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 | 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.
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