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3633 Kansas Avenue

Riverside, CA 92507
  • $775,000
  • STATUS: Active Under Contract
  • ON SITE: 44 Days
  • ID#: CV22069091
Under Contract
UPDATED: 40 min ago
$775,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1907
County:

School Ratings & Info

Listing Agent(s): Martha Cervantes of Berkshire Hath Hm Svcs Ca Prop (909-980-3100)


Description

Opportunity Knocks!!! Heres a rare and unique opportunity to own this beautiful triplex in the heart of Riverside, this property has a huge upside to generate rental income, you can live in one of the units and rent out the others. The home is in downtown Riverside and it is centrally located to all amenities, close to shopping centers, Fairmont Park, the Mission Inn, UCR(1.8 miles from home), Riverside City College, the 60 freeway, the 91 freeway with a quick interchange to the 10 and 215 freeway. This is the perfect commuter property. As you walk up to the home you will be greeted by a beautifully manicured yard with nice curb appeal and for the added WOW factor it has a sprawling double driveway with spacious parking to accommodate the three units. The units offer nice amenities and a comfortable living space, they are perfect for families looking for nice affordable living conditions. The property has three detached garages two on one side of the property and a single garage on the other side of property, they can be used to park cars or for extra storage. The property is nicely centered on both lots, its pushed back from the street, which gives the home plenty of privacy with a nice size front yard. The backyard has a parklike feeling, plenty of mature trees for shade and bearing fruit trees, what a great place to relax! In addition, a nice portion of the backyard has been cemented and has a landscaped backyard for the kids to play. This home is a great place to generate rental income and possibly convert it into a quadraplex by building a spacious ADU. Just imagine the possibilities This property is definitely unique and has a lot of potential, it has two lots with its own APN#s, it has the potential to add an ADU up to 1,200 sq ft (for concise requirements check with the city) and you would still have plenty of yard space for the tenants to enjoy the outdoors****Both Lots Are Being Sold Contiguously****(House APN# 211-104-018) and (Lot APN# 211-104-017)****Total Lot size between both APNs is 14,375 sq ft***Both Lots Are Being Sold Contiguously*******Calculations are based on pro-forma rent*** All Units Are Occupied and All Tenants would like to stay. They are all current on their rents. The Tenants are not being asked to vacate the property, that will be left up to the discretion of the new Owners. **See Supplements Shows Rents**

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127548021
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3633 Kansas Avenue Riverside, CA 92507

  • Price: $775,000
  • Status: Active Under Contract
  • On Site: 44 Days
  • Updated: 40 min ago
  • ID#: CV22069091
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1907
Built
Neighborhood:
252 - Riverside
County:
Riverside
Area:
252 - Riverside
Property Description
Opportunity Knocks!!! Heres a rare and unique opportunity to own this beautiful triplex in the heart of Riverside, this property has a huge upside to generate rental income, you can live in one of the units and rent out the others. The home is in downtown Riverside and it is centrally located to all amenities, close to shopping centers, Fairmont Park, the Mission Inn, UCR(1.8 miles from home), Riverside City College, the 60 freeway, the 91 freeway with a quick interchange to the 10 and 215 freeway. This is the perfect commuter property. As you walk up to the home you will be greeted by a beautifully manicured yard with nice curb appeal and for the added WOW factor it has a sprawling double driveway with spacious parking to accommodate the three units. The units offer nice amenities and a comfortable living space, they are perfect for families looking for nice affordable living conditions. The property has three detached garages two on one side of the property and a single garage on the other side of property, they can be used to park cars or for extra storage. The property is nicely centered on both lots, its pushed back from the street, which gives the home plenty of privacy with a nice size front yard. The backyard has a parklike feeling, plenty of mature trees for shade and bearing fruit trees, what a great place to relax! In addition, a nice portion of the backyard has been cemented and has a landscaped backyard for the kids to play. This home is a great place to generate rental income and possibly convert it into a quadraplex by building a spacious ADU. Just imagine the possibilities This property is definitely unique and has a lot of potential, it has two lots with its own APN#s, it has the potential to add an ADU up to 1,200 sq ft (for concise requirements check with the city) and you would still have plenty of yard space for the tenants to enjoy the outdoors****Both Lots Are Being Sold Contiguously****(House APN# 211-104-018) and (Lot APN# 211-104-017)****Total Lot size between both APNs is 14,375 sq ft***Both Lots Are Being Sold Contiguously*******Calculations are based on pro-forma rent*** All Units Are Occupied and All Tenants would like to stay. They are all current on their rents. The Tenants are not being asked to vacate the property, that will be left up to the discretion of the new Owners. **See Supplements Shows Rents**
Exterior Features

Architectural Style Craftsman Fencing Chain Link Foundation Details Raised Lot Features 2-5 Units/AcreLawnLandscaped Number Of Separate Electric Meters 1 Parking Features Driveway LevelDrivewayGarage Faces FrontGaragePavedRv Access/ParkingShared Driveway Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Maintained Roof Shingle

Interior Features

Accessibility Features Parking Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring CarpetLaminateTileVinyl Heating Wall Furnace Heating YN Yes Interior Features Unfurnished

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Street LightsSuburbanSidewalks Contingency None - Notes==> All Units Are Occupied And All Tenants Would Like To Stay. They Are All Current On Their Rents. The Tenants Are Not Being Asked To Vacate The PropertyThat Will Be Left Up To The Discretion Of The New Owners. Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 5200 Gross Scheduled Income 5200 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanConventionalFha Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 0 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays ElectricityGasTrash Collection Total Actual Rent 3200 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Other Zoning R1065



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Martha Cervantes of Berkshire Hath Hm Svcs Ca Prop (909-980-3100)