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!
Sold for $765,000
Listed by: One Source Realty Solutions • Michael Mattson • Contact: 949-973-2118
Bought with: Partner Real Estate
$765,000
2972 Orange St, Riverside, CA 92501
6beds
3baths
2,233sqft
Triplex
Built in 1961
-- sqft lot
$771,300 Zestimate®
$343/sqft
$2,525 Estimated rent
Home value
$771,300
$694,000 - $856,000
$2,525/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Michael Mattson DRE #01718698 949-973-2118,
One Source Realty Solutions
Bought with:
CHIN GAN, DRE #02004420
Partner Real Estate
Source: CRMLS,MLS#: OC25063025
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Rooms
- Room types: Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Utility Room
Heating
- Natural Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: Common Area, Laundry Room, Outside
Features
- Storage, Unfurnished, Utility Room
- Flooring: Carpet, Tile
- Windows: Wood Frames
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below
Interior area
- Total structure area: 2,233
- Total interior livable area: 2,233 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned, Carport, Detached Carport, Storage
- Carport spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: Side Access
- Pool features: None
- Spa features: None
- Fencing: Chain Link
- Has view: Yes
- View description: None
Lot
- Size: 6,970 Square Feet
- Features: 2-5 Units/Acre, Front Yard, Lawn, Landscaped, Near Public Transit, Paved, Sprinklers None
Details
- Parcel number: 209212027
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Stucco, Copper Plumbing
- Roof: Composition
Condition
- Updated/Remodeled,Turnkey
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: Electricity - On Property, Standard
- Sewer: Private Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available
Community & HOA
Community
- Features: Curbs, Park, Street Lights, Sidewalks, Urban
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $343/sqft
- Tax assessed value: $296,878
- Annual tax amount: $3,361
- Date on market: 3/26/2025
- Cumulative days on market: 8 days
- Listing terms: 1031 Exchange
- Tenant pays: All Utilities, Cable TV, Electricity, Gas, HVAC Maintenance, Pest Control, Telephone
- Road surface type: Alley Paved, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/5/2025 | Sold | $765,000+2%$343/sqft |
Source:  CRMLS #OC25063025 Report a problem | ||
| 4/8/2025 | Pending sale | $750,000$336/sqft |
Source: CRMLS #OC25063025 Report a problem | ||
| 3/27/2025 | Listed for sale | $750,000+265.9%$336/sqft |
Source: CRMLS #OC25063025 Report a problem | ||
| 9/11/2002 | Sold | $205,000+95.2%$92/sqft |
Source: Public Record Report a problem | ||
| 11/12/1999 | Sold | $105,000$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,361 +3.4% | $296,878 +2% |
| 2024 | $3,251 +0.4% | $291,058 +2% |
| 2023 | $3,237 +1.9% | $285,352 +2% |
| 2022 | $3,178 +1.1% | $279,757 +2% |
| 2021 | $3,144 +0.8% | $274,273 +1% |
| 2020 | $3,120 +1.9% | $271,461 +2% |
| 2019 | $3,062 +2% | $266,139 +2% |
| 2018 | $3,003 +1.8% | $260,921 +2% |
| 2017 | $2,950 | $255,806 +2% |
| 2016 | $2,950 +8.3% | $250,792 +1.5% |
| 2015 | $2,723 +0.9% | $247,026 +2% |
| 2014 | $2,697 | $242,189 +0.5% |
| 2013 | -- | $241,097 +7.6% |
| 2012 | -- | $224,000 -3.3% |
| 2011 | -- | $231,737 +0.8% |
| 2010 | -- | $230,007 -0.2% |
| 2009 | -- | $230,556 +2% |
| 2008 | -- | $226,036 +2% |
| 2007 | -- | $221,605 +2% |
| 2006 | -- | $217,261 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 5/10Fremont Elementary SchoolGrades: K-6Distance: 0.6 mi
- 4/10Central Middle SchoolGrades: 7-8Distance: 1.6 mi
- 6/10Polytechnic High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$771,300
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Estimated market value
$771,300
- California
- Riverside County
- Riverside
- 92501
- Downtown
- 2972 Orange St
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