3633 Kansas Avenue, Riverside, California 92507, Riverside, 92507 - 0 bed, 0 bath
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3633 Kansas Avenue
Riverside, California 92507
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,736Sq Ft
14,374.8Lot Size
Property Price
LIST PRICE$948,000
EST. MARKET VALUE
$892,704
6% AboveMARKET VALUE
SUMMARY
This Turnkey Triplex Asset is listed at $948,000, representing a strategic acquisition relative to the $902,021 Fair Market Value due to its significant income-generating potential. The property boasts a Recently Renovated Condition following an extensive 2023 overhaul that included a new roof and full interior rehabs. Investors can capitalize on city-approved ADU Plans to convert the detached garage, projected to increase annual income to $85,704. Centrally located near UC Riverside, this low-maintenance property is an ideal match for Buy-and-Hold Investors or Value-Add Specialists.
Estimated Market Value
$892,704
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3633 Kansas Avenue Subject | $948,000* List Price | 0 | 0 | 1,736 | $514 | - |
A 2643 10th Street Active | $959,000 List Price | 0 | 0 | 2,180 | $440 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent an extensive renovation in 2023, including a new roof, full interior unit rehabs, and fresh paint. The interiors feature updated flooring, modern light fixtures, and clean, functional kitchens and bathrooms with no visible deferred maintenance, meeting the criteria for a recently renovated property.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Potential
The property includes city-approved plans for an ADU conversion of the existing detached garage, offering a clear path to increase annual rental income by an estimated $21,000.
- Recent Capital Improvements
Extensive renovations completed in 2023, including a new roof, full unit rehabs, and fresh paint, provide a low-maintenance investment profile with minimal immediate deferred maintenance.
- Strategic Investment Location
Centrally located near UC Riverside and Riverside City College with easy access to major freeways, ensuring a high-demand rental market and a consistent tenant base.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =14374, other record lot size in square feet = 6969.
- Restricted Inspection Access
The 'drive-by only' requirement and the restriction of interior inspections until after an accepted offer may complicate the initial due diligence process for cautious investors.
- Century-Old Structure
Built in 1907, the property's age may present long-term challenges related to vintage infrastructure and systems that often require more specialized upkeep than modern builds.
About 3633 Kansas Avenue
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1907
- Lot Size
- 14,374.8 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 3.4 |
| Square foot | 1,736 | 2,079.818 |
| Lot Size | 14,374.8 | 8,474.636 |
| Price | $948.0K | $838.8K |
| Price per sq ft | $546 | $378 |
| Built year | 1907 | 1978 |
| HOA | $0 | $249 |
| Days on market | 158 | 77 |
Pricing History
Listed for Sale
Apr 4, 2026
$948,000
Initial Listing
Sold
Dec 15, 2022
$625,000
Public Record