3452 Mulberry St, Riverside, CA 92501

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 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.