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.

Facts and features

Schools

• Longfellow Elementary School

  elementary · K-6 · 0.1 mi

  2

• John W. North High School

  high · 9-12 · 0.7 mi

  5

• University Heights Middle School

  middle · 7-8 · 1.4 mi

  5

• St. Francis De Sales School

  elementary · 0.9 mi

• Abraham Lincoln Continuation School

  high · 9-12 · 0.7 mi

  2

• Emerson Elementary School

  elementary · K-6 · 0.9 mi

  5

Price history

• Apr 3, 2026 · Listed$948,000
• Jul 1, 2023 · Listing Removed—
• Jun 18, 2023 · Listed For Rent$1,650
• May 6, 2023 · Listing Removed—
• Apr 19, 2023 · Listing Removed—
• Apr 8, 2023 · Listed For Rent$1,700
• Mar 22, 2023 · Listed For Rent$1,700
• Mar 20, 2023 · Listing Removed—

Tax history

• 2025$6,200 tax · $563,499 assessed
• 2024$5,997 tax · $552,451 assessed
• 2023$5,971 tax · $531,000 assessed
• 2022$4,686 tax · $415,000 assessed
• 2020$1,347 tax · $112,619 assessed
• 2019$1,322 tax · $110,412 assessed
• 2018$1,298 tax · $108,248 assessed
• 2017$1,276 tax · $106,127 assessed

Home value

$951,699

• Quantarium$951,699
• Collateral Analytics$939,000

Where it is