Keegan Cin | Realtor® | License # DRE 01971604

Property

Riverside, CA 92501 2972 Orange Street

Pending
2972 Orange Street Riverside, CA - Image 12972 Orange Street Riverside, CA - Image 22972 Orange Street Riverside, CA - Image 3
9 more
2972 Orange Street Riverside, CA - Image 42972 Orange Street Riverside, CA - Image 52972 Orange Street Riverside, CA - Image 62972 Orange Street Riverside, CA - Image 72972 Orange Street Riverside, CA - Image 82972 Orange Street Riverside, CA - Image 92972 Orange Street Riverside, CA - Image 102972 Orange Street Riverside, CA - Image 112972 Orange Street Riverside, CA - Image 122972 Orange Street Riverside, CA - Image 13
Presented By: Michael Mattson with One Source Realty Solutions; 949-973-2118
  • MLS# OC25063025
  • 03/26/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 3
  • SQFT • 2,233
  • Garage • 1
  • Year Built • 1961

Home Details

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!
Presented By: Michael Mattson with One Source Realty Solutions; 949-973-2118

Interior Features for 2972 Orange Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore, NoOneAbove, NoOneBelow
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom, Outside
Total Stories1
Window FeaturesWoodFrames

Other Rooms

Entry Level1

General for 2972 Orange Street

AccessibilityNone
Additional Parcels Y/NNo
AppliancesGasWaterHeater
Architectural StyleRanch
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces3.0
Carport Y/NYes
CityRiverside
Community FeaturesCurbs, Park, StreetLights, Sidewalks, Urban
Construction MaterialsStucco, CopperPlumbing
CoolingNone
CountyRiverside
DirectionsMain Street and 6th Street
ElectricElectricityOnProperty, Standard
Electric Expense384.0
Electric On Property Y/NNo
Entry LocationSide Access
Fuel Expense144.0
Garage Spaces0.0
Garage Y/NNo
Gross Income55440.0
HOANo
HOA Fee$0.0
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense2684.0
Interior FeaturesStorage, Unfurnished, UtilityRoom
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsExchange1031
Lot Size Square Feet6970.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
Net Operating Income42292.0
New ConstructionNo
Number Of Units Total3
Operating Expense10406.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionUpdatedRemodeled, Turnkey
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPrivateSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Tax Lot9
Tenant PaysAllUtilities, CableTv, Electricity, Gas, HvacMaintenance, PestControl, Telephone
Trash Expense3000.0
UtilitiesCableConnected, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, PhoneAvailable
ViewNone
Water Sewer Expense792.0
Waterfront Y/NNo
Year Built1961
Year Built SourcePublicRecords

Exterior for 2972 Orange Street

Building Area Total2233.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, FrontYard, Lawn, Landscaped, NearPublicTransit, Paved, SprinklersNone
Lot Size Acres0.16
Lot Size Area6970.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned, Carport, DetachedCarport, Storage
Private PoolNo
Road Frontage TypeAlley, CityStreet
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $750,000
MLS#OC25063025
List Date 03/26/2025
Property Type Pending
Request Tour
Request Info
Visit My Website

Similar Properties to 2972 Orange Street

Skip to content