3452 Mulberry StreetRiverside, CA 92501

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 is a legal triplex with 3 electric meters, 3 gas meters and one water meter which is paid by owner. Conveniently close to Downtown shopping, restaurants, UCR, RCC, city services, 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 without approval.

Property Information

Property type

Residential Income

Sub-type

Triplex

Style

Craftsman

Year built

1911

Stories

2

Building area

2,260 Sq Ft

Lot size

0.09 acres

Days on market

41

MLS^® Listing#

IV26177213

Property Features

Interior

Built-in Features · Ceiling Fan(s) · Granite Counters · High Ceilings · Laminate Counters · Open Floorplan · Recessed Lighting

Appliances

Dishwasher · Free-Standing Range · Microwave · Refrigerator · Water Heater

Cooling

Ductless · Wall/Window Unit(s)

Heating

Central · Ductless · Wall Furnace

Flooring

Carpet · Laminate · Vinyl

Fireplace

None

Pool

None

Parking

On Street

Laundry

Inside · Laundry Room · See Remarks

Fencing

Block · Chain Link · Wood

Lot features

Front Yard · Level · Near Public Transit · Rectangular Lot

Construction

Wood Siding

Foundation

Raised

Roof

Composition · Shingle

Windows

Blinds · Double Pane Windows

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Community

Curbs · Street Lights · Suburban · Sidewalks

Utilities

Cable Available · Electricity Connected · Natural Gas Connected · Phone Available · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

213132004

Directions

University Avenue to Lime Street to Fifth Street to Mulberry Street