2972 Orange Street
Riverside, CA 92501
0.16 acres | #OC25063025
Description
Discover a prime investment opportunity with this well-maintained triplex in the heart of North Riverside! Built in 1961, this property features three spacious 2-bedroom, 1-bath units, each offering a smart layout with a welcoming living room flowing into a separate kitchen, a hallway flanked by large bedrooms, and a modern bathroom. Enjoy recent upgrades including a composition roof installed in 2003, full copper plumbing from 2007, and fresh exterior paint in 2013. Unit-specific enhancements include a bathroom remodel in 2014 for one unit and a kitchen remodel in 2016 plus a bathroom refresh with a new tub in 2025 for another. Tile floors grace the living areas and kitchens, complemented by cozy carpeted bedrooms, blending style and durability.
This turnkey gem boasts a covered 3-car carport plus ample street and alley parking, ensuring tenant convenience. A detached laundry room with coin-operated machines offers additional storage space and income potential, while the front lawn presents an opportunity for an ADU (subject to approval). Low maintenance is a highlight, with recent water heater replacements in 2021 and 2023 keeping systems efficient. The triplex sits on a 6,970 sq ft lot in the Riverside redevelopment area, promising future growth and vibrancy.
Nestled just a 15-minute walk from the iconic Mission Inn and Downtown Riverside, this property offers easy access to local hotspots like Beerfarm, Route 30 Brewing, and the Riverside Certified Farmers’ Market. Unwind at nearby North Park or enjoy seamless commuting via freeways 60, 91, and 215. The community shines with events like the Dickens Festival and Christmas at Mission Inn, adding charm without disruption. Perfect for investors or multi-family buyers seeking a cash-flowing asset with upside potential in a thriving location!
Property Details
- Utility FeaturesCableConnected, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, PhoneAvailable
- Lot DescriptionTwoToFiveUnitsAcre, FrontYard, Lawn, Landscaped, NearPublicTransit, Paved, SprinklersNone
- InteriorStorage, Unfurnished, UtilityRoom
- Property TypeMulti-Family
- Sewer InformationPrivateSewer
- MLS #OC25063025
- MLS #OC25063025
- CountyRiverside
- Original List Price$750,000
- Property SubtypeTriplex
- Utility SourcePublic
- Cost750000
- Acres0.16
- Year Built1961
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael Mattson (#SMATTMI1)
Listing Office: One Source Realty Solutions (#OC06070)
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