3452 Mulberry Street, Riverside, CA 92501
- $799,900
- List Price
- $799,900
- Status
- ACTIVE
- MLS#
- IV26177213
- Year Built
- 1911
- Lot Size
- 3,920
- Acres
- 0.09
- Lot Location
- Front Yard, Level, Near Public Transit, Rectangular Lot, Walkstreet, Yard
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Craftsman
- Property Sub Type
- Triplex
- Stories
- Two Levels
Property Description
Exceptional opportunity to own a beautifully updated and well-maintained income producing triplex in historic Downtown Riverside. This property features a downstairs studio apartment (Unit 1 - 372 sqft), a downstairs 2 bedroom, 1 bathroom apartment (Unit 2 - 982 sqft), and an upstairs 2 bedroom, 1 bathroom apartment (Unit 3 - 906 sqft). All apartments are rented, with Unit 1’s tenant occupying since 2019 and Unit3’s tenant occupying since 2021; Unit 3 was recently re-rented in May 2026. A wonderful attribute of this property is that it has been thoroughly modernized while maintaining its historic charm. Improvements have been numerous including complete re-plumbing with Pex, replaced drain lines, complete electrical re-wire, installation of dual pane windows and new doors, updated kitchens, updated bathrooms including salvaging claw foot tubs in all units, updated flooring throughout, newer water heater, updated window blinds, added mini-split in Unit 3, upgraded insulation, interior and exterior painting, renovated landscape and hardscape, and more! Tenants enjoy an on-site communal laundry room with coin-operated machines, which are leased by owner, as well as a fully-enclosed and private backyard. This property is conveniently close to Downtown shopping, restaurants, city services, UCR, RCC, churches, freeways, public transportation including Metrolink and more. Whether you're looking to expand your investment portfolio, generate immediate rental income, or explore other possibilities, this property offers versatility and long-term upside in one of Riverside’s most sought-after rental areas. All pictures shown are when the units were last vacant. All units are currently rented – please do not disturb occupants or walk property.
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Additional Information
- Appliances
- Dishwasher, Free-Standing Range, Microwave, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Central, Ductless, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Ductless, Wall/Window Unit(s)
- View
- Neighborhood
- Exterior Construction
- Wood Siding
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Built-in Features, Ceiling Fan(s), Granite Counters, High Ceilings, Laminate Counters, Open Floorplan, Recessed Lighting, Bedroom on Main Level
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $57,720
- Operating Expense
- 24337
Listing courtesy of Listing Agent: NATALIE JOHNSON (Natalie@NatalieJohnsonRealtor.com) from Listing Office: WESTCOE REALTORS INC.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.