Step into a world of opportunity with this fantastic triplex in the vibrant heart of Riverside, CA! Imagine the charm of cozy units with functional living spaces, practical kitchens, and sunlit rooms – all waiting for your personal touch. With convenient on-site parking and a delightful common outdoor area, this property is perfect for relaxation and entertaining. Located just moments from schools, parks, shopping, and dining, this triplex offers amazing rental income potential. It's the perfect starter home for first-time buyers – live in one unit and watch your investment grow with income from the other two. Add a splash of TLC and a sprinkle of upgrades, and you’ll turn this gem into a dazzling investment! Whether you're an eager investor or a savvy buyer looking for a multi-family gem, this triplex is your golden ticket. Don’t let this opportunity slip away – schedule a viewing today and make your investment dreams come true!
Great duplex! Boasts a 3bed/1 bath and a 1bed/1bath. Built in 1953. Single car garage with washer/dryer hook-ups, long driveway, 3 window a/c units, ceiling fans. Great central Riverside neighborhood with quick freeway access and located near many amenities.
Great Location! Investors Get Excited! Upgraded Duplex with a 1 Car Garage for each Unit. Each unit (11742 & 11744) are 2 Beds / 1 Bath with their own small yard. Front unit has just been REMODELED with Paint, Luxury Vinyl Flooring, Carpet, Beautiful Quartz Counters & Painted Cabinets in the Kitchen. Spacious Bedrooms each have Ceiling Fans with a Light. Wall Air-conditioning in Living Rooms. Back unit was upgraded approx. 3 years ago. Back Unit 11744 has Washer & Dryer Hookups in the garage. Conveniently located next to La Sierra University (walking distance), Kaiser Medical Center and The Galleria at Tyler Mall, plus easy access to the 91 Fwy and much more! Tenants have separate electric & gas meters. There is one water meter so sellers pays for water & gardner. You don't want to miss this one!
We are pleased to present 1806 Loma Vista Street, a well-maintained 16-unit garden-style courtyard property located in the thriving city of Riverside, California. This property offers spacious one-bedroom, one-bath units averaging 740 square feet each, with a total of 11,890 square feet of rental space. The property sits on a spacious lot with strong curb appeal, featuring a well-manicured landscape. Recent upgrades include a newer roof, upgraded copper plumbing, updated electrical panels, and fresh exterior paint. Tenants enjoy a large open courtyard layout, creating a comfortable and appealing living environment. Additional amenities include onsite laundry facilities, tenant storage areas, and covered parking. Based on current rents, Loma Vista offers a new investor the potential to capture approximately 34.75% in upside rental income. This investment is located in Riverside, a city known for its robust real estate market and strong tenant demand. Riverside offers a wide range of amenities and a highly accessible location, with convenient transportation links, including the 91 and 215 Freeways. This makes Riverside ideal for renters working in the Inland Empire's major employment centers and educational institutions, such as UC Riverside and Riverside Community Hospital. Less than two miles from the property are popular attractions like the Mission Inn Hotel & Spa, as well as trendy restaurants such as The Salted Pig, Le Chat Noir French Restaurant, and Craftz Lounge. Residents can also enjoy cultural destinations like the Riverside Art Museum and live entertainment at the Fox Performing Arts Center. With a vibrant downtown, numerous parks, and excellent local schools, Riverside continues to attract a diverse tenant base, making this property a promising investment in a high-demand rental market.
Instant equity opportunity! Here’s your chance to buy an investment property and be in the green from day one! The property recently appraised for $1.274M, making this the perfect addition to your real estate portfolio. Whether you're an investor or a buyer seeking a multi-unit property to live in while generating rental income, this is an opportunity you won’t want to miss. The potential for house hacking is enormous—live in one of the units while collecting rents from the others, or enjoy the steady, reliable income stream as an investor. Not only can you build an additional 3 units on the property, the property also generates a strong net operating income (NOI) of $88,371 annually, making it a high-yield investment with exceptional growth potential in a booming area. With a cap rate of **7.2%**, this property represents a highly attractive opportunity for anyone looking to capitalize on Riverside's growing real estate market. This exceptional triplex is a rare gem in Riverside, offering a prime opportunity for both savvy investors and buyers looking to house hack. Situated just minutes away from the 91 and 215 freeways, as well as the vibrant Downtown Riverside area, this property offers unrivaled access to major commuter routes and city amenities. Riverside City College, the University of California Riverside (UCR), California Baptist University, shopping, dining, and entertainment options are a few minutes away, this location is truly at the heart of it all. The property features three distinct units, each with unique potential. One of the detached units is a brand-new construction, offering 3 spacious bedrooms, 2.5 bathrooms with a 2-car garage. At 1,199 sqft, this beautiful home is fully independent, with its own separate utilities. The other two units are well-maintained, recently remodeled and offer a combined mix of 3-bedroom, 2-bathroom (1,162 sqft) and 1-bedroom, 1-bathroom (600 sqft) units, both sharing utilities. Both occupied units are on a month to month lease. With a huge lot measuring 13,068 sqft, the property offers plenty of space for potential future improvements or expansion. A great opportunity as The city will allow you to build an additional 3 units on this property. Whether you're looking for the perfect place to live or a solid, income-generating investment, this property checks all the boxes. Don’t let this once-in-a-lifetime opportunity slip away. Make your move today!
Courtesy: Mark Bridge, Broker
Courtesy: Mark Bridge, Broker
Great income producing property with four small single family homes and space to add more. Tenant occupied with long term tenants, one home held open for showings and buyer can move in if owner occupied. Large corner lot.
Courtesy: Realty ONE Group Pacific
Courtesy: RE/MAX 2000 REALTY
Located in an excellent residential area in Corona Submarket. Intersection of McKinley St. and Magnolia Ave. Walk across the street to Villegas Middle School. Near the University of Riverside, La Sierra University, and plenty of retail and public transit opportunities. Property offers mix of units = (2) 3 Bedroom/1.5 Bath units - townhouse style, (2) 2 Bedroom/1 Bath units - townhouse style, and (4) 1 Bedroom/1 Bath units. Central air and heating. Townhouse style units have outdoor patios. 10 Garages plus open spaces and street parking . Community laundry room on 1st floor. Approx. +/-7620 SF on a +/- 10,000 sf lot. Buyer to verify all information prior to submitting offers. Gross scheduled income is $145,000 (current). Fully occupied and waitlist for units. Tenants pay electricity and gas. Buyer shall independently verify accuracy of all info to their satisfaction with inspection and trade professionals. Offers subject to inspection. Sold As Is. Seller will not make repairs or termite. Drive-by only, please do not disturb tenants.
Courtesy: The Global Equities Group
Courtesy: Wiest Realty
Discover a stunning two-story Craftsman home in the Mission Inn Historical District, boasting an individual designation as a Structure of Merit and qualifying for the Mills Act. This historical residence has been thoughtfully converted into a triplex. The main house features three bedrooms, one bath, indoor laundry, and a walk-in basement. The upper level has been transformed into a one-bedroom, one-bath unit with a separate entrance. Additionally, a detached garage has been converted into a studio, complete with its own entrance and parking area. This property presents a prime investment opportunity, perfect for multifamily living. Reside in one unit and lease the others, all while enjoying proximity to UCR, RCC, and the 60/91/15 freeways. Embrace a piece of Riverside's cherished history.
Truly great investment opportunity! 3 separate units, each has its own street address! 4 buildings, total 3,655sf living space and a huge 42,253sf flat lot! Huge development opportunities! There are 3 water meters, 3 gas meters, 3 electric meters; each unit pays all of its own utilities! Each unit has its own trash account and each tenant even pays its own trash bill! A huge saving for the Landlord here, more money in the Landlord’s pocket. Front unit is located at the corner of La Sierra Ave and Norwood Ave directly across a Seven and Eleven with a 100.17ft frontage! Buyer could investigate re-zoning possibility making this corner lot a much more valuable commercial zone. Conveniently located one small block north of The 5 Point approximately 1/2 mile from the La Sierra University, walkable distance to the La Sierra High School, and only short minutes’ drive to Galleria at Tyler, AMC 16, restaurants, entertainment centers and the Castle Park. Each unit has its laundry hookup and garage, total 6 garage parking with at least 20+ extra on property parking spaces, each unit even has its front lawn and back yard. (some garages might have been converted). Unit 11035 Norwood has a brand new roof installed in 2024! Unit 11059 Norwood Ave has new major pumping work done this year in 2024! It also has a new wood fence installed in 2022. There is a 4th building where an occupant that have been living there for 25+ years has just vacated!!! An additional opportunity. The huge 266.63ft deep lot with 42,253sf flat usable area is the game changer and a huge development opportunity. Call today and do not miss this truly great investment opportunity!!
The property is ideal for income potential or multigenerational living, this property is situated across from an elementary school near La Sierra University. It features two separate homes with a total of 2,518 square feet of living space. The first home offers 1,318 square feet, including a new 500 sq ft addition, with 3 bedrooms, 2 bathrooms, a master suite, and a laundry room. The second home also includes 3 bedrooms, 2 bathrooms, a master suite, and a laundry room. The property boasts a large 900 sq ft workshop garage (35' x 25') with a full bathroom, perfect for RV parking or storage, with a 14' high ceiling. Other amenities include a newly constructed 500 sq ft patio cover and over 13,000 sq ft concrete driveway, all completed in 2020. The lot spans 20,909 sq ft and includes two automatic gate entries for added convenience. Fruit trees on the property include orange, mandarin, guava, passion fruit, lemon, medlar, and pomegranate. Each residence has its own electric meter, making this property ideal for living in one home while renting the other, with proximity to schools and local amenities!
Property is priced for condition and has 4 Cute 1 bedroom/1-bathroom units, located on the corner of Linden and Dwight. The units are approximately 750 square feet each. Each unit has a 1 car garage and laundry. There are 4 electric and gas meters. Water sewer and trash are Ratio'd. Most units have window AC units and gas wall heaters. Unit 1936 Bathroom tub and shower recently rehabbed, also painted. 1938 has been recently painted and new carpet was recently installed. 3512 Dwight Avenue has a long-term tenant and was rehabbed prior to tenant moving in 2019. 1948 Linden unit tenants have lived here since before the current owner purchased. Bathroom could use some updating. Features a 1 car garage, washer and dryer hookups and plenty of storage. Location is everything! Only minutes for downtown Riverside, UCR, RCC, University Village and so much more!
Courtesy: Rise Realty
Trust sale – First time on market in decades. 44 unit multifamily complex minutes from the 91 freeway and downtown Riverside. Income growth opportunity, tenant repositioning opportunity. The 91 freeway corridor is one of the fastest growing markets in southern California. Gross income has increased each year from 2022, 2023 and on track for 2024 gross income increase by $90,000. Tenant pays gas, electricity, internet. Two building and two APNs. Property is sold in As Is condition, seller will not make any repairs.
Courtesy: Premiere Estates International Real Estate
Courtesy: TREC HOMES INC.
Amazing Duplex opportunity to own a in a growing Riverside neighborhood! This Duplex presents an ideal chance for both homeowners and savvy investors to own this remodeled duplex. This property boasts two units, each unit featuring, 3 bedrooms, 2 bath with a spacious living room, remodeled kitchen and each unit is able to have a one car garage that includes inside laundry facilities. Complemented by a fenced yard and plenty of driveway parking. All conveniently located minutes away from the 91 freeway, Cal Baptist University, UCR, shopping, Riverside Community Hospital and the Mission Inn Hotel & Spa just to name a few.
Charming Mid-Century Gem in Riverside!! Great Investment Opportunity! This stunning single-level residence boasts 3 bedrooms and 2 bathrooms, offering spacious and comfortable living. With its amazing curb appeal and light remodel, this mid-century build seamlessly blends classic charm with modern updates. Step outside to a lush backyard oasis, featuring fruit trees and raised garden beds—perfect for gardening enthusiasts. The property includes a detached two-car garage, & long driveway behind the white gate - providing ample storage and parking - even big enough to park a boat or recreational toys! This property is PERFECT for a Future ADU! Located in a community that exudes pride of ownership, you'll enjoy easy access to Riverside's vibrant downtown district, historic parks, art centers, and metropolitan museums. Plus, the proximity to UC Riverside and the Fox Performing Arts Center adds to the appeal. Don't miss the opportunity to make this beautiful and highly desirable rental home part of your investment strategy.
Courtesy: Caliber Real Estate Group
Riverside is located in California. Riverside, California has a population of 314,858. Riverside is more family-centric than the surrounding county with 36.33% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Riverside, California is $76,755. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Riverside is 31.9 years.
The average high temperature in July is 94.2 degrees, with an average low temperature in January of 42.4 degrees. The average rainfall is approximately 11.3 inches per year, with 0 inches of snow per year.
