$699,900
$25K PRICE DROP

Estimated payment $4,045/month

Total Views 13,171
3 Beds
4 Baths
2,592 Sq Ft
$270 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Room
  • Polytechnic High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot

About This Home

Great Value-Add Triplex in Prime Riverside Location! Fantastic opportunity to own a 3-unit income property just minutes from Downtown Riverside. Perfect for investors seeking rental income with upside potential or owner occupies one unit and rent the others. The property features: Unit 1 (Downstairs): 2 bedrooms, 1.5 bathrooms. Unit 2 (Upstairs): Spacious 1 bedroom, 1 bathroom. Unit 3 (Upstairs): Large studio unit. 3 separate gas and electric meters. Alley access parking at the rear of the property. Located in a rapidly developing area with ongoing city improvements, this triplex offers easy access to shopping, dining, entertainment, and public transportation. Well-laid-out with potential for upgrades to increase value and rents. A rare investment opportunity in one of Riverside’s most promising neighborhoods!

Listing Agent

David Limon

Your Home Selling Pros Brokerage Phone: 951-445-0691 License #00908480 Listed on: 04/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,748

Year Built

  • Built in 1918

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot

Home Design

  • Triplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Parking

  • Parking Available
  • On-Site Parking
  • Parking Lot

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 11 / 4
  • Tax Tract Number 303
  • Assessor Parcel Number 213103002
  • $67 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,452
  • Trash Expense $696
  • Water Sewer Expense $552
  • Operating Expense $2,700
  • Gross Income $18,660
  • Net Operating Income $4,305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,748

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Price Per Unit: 233300
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 552.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 213103002
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Entry Level: 1
  • Price Per Square Foot: 270.02

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site, Parking Space

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Outside
  • Sewer: Public Sewer
  • Trash Expense: 696.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600
  • Latitude Manual: 33.98654900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 18660.00
  • Gross Scheduled Income: 18660.00
  • Insurance Expense: 1452.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 4305.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14355.00
  • Rent Control: No
  • Total Expenses: 2700.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 303.00
  • Tax Lot: 11
  • Tax Tract Number: 0303
  • TaxOtherAnnualAssessmentAmount: 67.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2023 $1,748 $150,657 $105,465 $45,192
2022 $1,709 $147,704 $103,398 $44,306
2021 $1,700 $144,809 $101,371 $43,438
2020 $1,687 $143,325 $100,332 $42,993
2019 $1,657 $140,515 $98,365 $42,150
2018 $1,625 $137,761 $96,437 $41,324
2017 $1,597 $135,061 $94,547 $40,514
2016 $1,498 $132,414 $92,694 $39,720
2015 $1,476 $130,426 $91,302 $39,124
2014 $1,462 $127,872 $89,514 $38,358
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Price Changed $699,900 -3.5% $270 / Sq Ft
04/22/2025 04/22/25 For Sale $725,000 -- $280 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Nations Title Company
Interfamily Deed Transfer -- --
Grant Deed $100,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $70,000 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW25088692

California Regional Multiple Listing Service (CRMLS)

APN: 213-103-002