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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.
Property Type(s):
Residential Income
| Last Updated | 4/2/2026 | Tract | Not Applicable |
|---|---|---|---|
| Year Built | 1907 | Community | 252 - Riverside |
| Garage Spaces | 2.0 | County | Riverside |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Electric Range, Gas Range, Microwave, Refrigerator, Water Heater |
| AREA | 252 - Riverside |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Fireplace(s) |
| INTERIOR | Ceiling Fan(s), Storage, Tile Counters |
| LOT | 0.33 acre(s) |
| LOT DESCRIPTION | Back Yard, Landscaped, Near Public Transit |
| LOT DIMENSIONS | 0.33 |
| PARKING | Driveway, Garage, On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Craftsman, Modern |
| SUBDIVISION | Not Applicable |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Douglas Elliman of Ca Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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