
Riverside, California 92507
This triplex represents a High-Potential Investment Opportunity with a List Price of $715,000—positioned above the $666,659 Fair Market Value by 7%. While the property requires significant capital expenditure due to its Fair Condition Rating and 1916 construction, the 7,405-square-foot lot and multi-unit income potential provide a clear path for forced appreciation. Investors must account for deferred maintenance and potential infrastructure upgrades. This asset is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking to maximize rental yields through comprehensive renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3659 Eucalyptus Subject | $715,000* List Price | 0 | 0 | 1,636 | $407 | - |
A 4110 Dwight Pending | $529,900 List Price | 0 | 0 | 1,440 | $368 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916 and explicitly marketed as a 'flip' opportunity that 'needs TLC.' Given the age (>100 years) and the agent's description of a profit margin for investors, the property likely requires a full rehab of kitchens, bathrooms, and major systems (HVAC/Electric) to meet modern standards.
As a triplex with three units on a single lot, this property offers a versatile investment structure ideal for generating multiple streams of rental income or a high-value resale.
The property is specifically positioned as a 'fix-and-flip' opportunity, providing a substantial margin for profit for investors willing to undertake necessary renovations.
The 7,405-square-foot lot provides a spacious footprint for the three existing units, offering a competitive land-to-building ratio for a residential income property.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1636, other record living area = 852.
The property is noted as needing 'TLC,' suggesting that significant capital expenditure and oversight will be required to address deferred maintenance and modernize the units.
Built in 1916, the age of the structure may present hidden costs related to century-old plumbing, electrical systems, and structural integrity that could impact the total investment budget.
If you are looking for a very good opportunity to invest and flip then this is the property for you with a great Potential, they are 3 units in the same lot and needs TLC so you will have a great margin to profit if you flip it or if you want to keep it and rent it out.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 3.4 |
| Square foot | 1,636 | 2,079.818 |
| Lot Size | 7,405 | 8,474.636 |
| Price | $715.0K | $838.8K |
| Price per sq ft | $437 | $378 |
| Built year | 1916 | 1978 |
| HOA | $0 | $249 |
| Days on market | 35 | 77 |
Aug 5, 2026
$715,000
Initial Listing