Listed by NATALIE JOHNSON•DRE #01442599• WESTCOE REALTORS INC
Contact: 951-347-5188
Contingent
$799,900
Est. $5,474/mo —
4
bd
•
3 ba
•
2,260
sq ft
3452 Mulberry St, Riverside, CA 92501
About this home
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.
Heritage Square Historic District, located between Downtown Riverside and the Wood Streets, is a historic and walkable Riverside neighborhood with preserved Victorian-era homes and a compact museum campus. The neighborhood’s character concentrates around the Heritage House at 8193 Magnolia Ave, where porches, brick paths, and interpretive plaques set a slow, architectural pace. The Heritage House and the Riverside Metropolitan Museum (Heritage House) act as cultural anchors for local history. Queen Anne and Italianate details, mature trees, and small lawns shape the streetscape. Sidewalks connect to nearby civic buildings, cafés, and galleries in Downtown. The setting reads as a pocket of 19th-century Riverside framed by modern city blocks.
Provided by Walk Score and Local Logic
Offer insights
3452 Mulberry St · $799,900
$800K and above
75% chance or better to win
Why $800K+ is a strong offer
DAYS ON MARKET
42 days
The average home goes pending in 50 days.
SALE-TO-LIST
95.8%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Built-ins
High ceilings
Ceiling fan
Recessed lighting
Open floor plan
Formica and granite counters
Double-pane windows
Blinds
Bedrooms
Three units; two units have two bedrooms each
Bathrooms
Three full bathrooms, one in each unit
Kitchen
Water heater, microwave, refrigerator, freestanding range, and dishwasher
Laundry & utility
Inside laundry in an individual room
Washer and dryer are leased
Flooring
Vinyl, carpet, and laminate flooring
Heating & cooling
Ductless and wall heating, central furnace
Wall/window and ductless cooling
Exterior features
Front yard and yard
Flat, rectangular lot
Fenced with block wall, chain link, and wood
Near public transit
Two or more access exits
Turnkey condition
Home design
Two stories
Front entry
Parking
Street parking
Security
Carbon monoxide detector
Smoke detector
Construction
Wood construction
Composition shingle roof
Raised foundation
Utilities
Public water and sewer
Electricity on property
Natural gas connected
Telephone service in street
Cable available
HOA & community
Community features include gutters, curbs, street lighting, storm drains, sidewalks, and a suburban setting
Financial info
Three units, all leased
Total actual rent: $4,810
Gross scheduled income: $57,720
Gross operating income: $55,988
Net operating income: $31,651
Operating expenses: $24,337
Other expenses: $938 for advertising and fees
Laundry income breaks even
Tenants pay gas and electricity
Electricity and solar
View estimated energy costs and solar savings for this home
CALIFORNIA CLASSICAL RIVERSIDE HERITAGE BUILDING - WALK TO MISSION INN AND DOWNTOWN - POSITIONED ON A QUIET SHADY LANE - APPROACH THE HOME TO A LARGE COVERED PROCH - SPACIOUS KITCHENS - TILED SHOWERS- PANED DOORS - VAULTED CEILING
CRMLS #K401163
Apr 30, 2004
Sold
$400,000
$177/sq ft
Feb 28, 2004
Listed
$399,000
$177/sq ft
GREAT INVESTMENT * TRI-PLEX * THERE ARE TWO 2-BEDROOM/1-BATH UNITS AND A STUDIO * RECENT RENOVATION * COMPLETELY RENTED * CALL LISTING AGENT TARA FOR MORE INFORMATION ON THE UNITS AND ALL RENTAL INFO * DRIVE BY ONLY!!!
CRMLS #K401164
Apr 30, 2004
Sold
$400,000
$177/sq ft
Feb 28, 2004
Listed
$399,000
$177/sq ft
Public Records
Aug 29, 2001
Sold
$107,000
$47/sq ft
CRMLS #I221511
Mar 15, 2001
Listing Removed
—
Aug 16, 2000
Listed
$129,500
$57/sq ft
Public Records
Aug 3, 1999
Sold
$75,000
$33/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,047 (+3.3%)
$100,476 + $163,281
$263,757
2024
$2,950 (+0.4%)
$100,476 + $163,281
$263,757
2023
$2,937 (−35.7%)
$98,506 + $160,080
$258,586
2022
$4,569 (+60.0%)
$96,575 + $156,942
$253,517
2021
$2,856 (+0.7%)
$80,000 + $320,000
$400,000
2020
$2,835 (+1.9%)
$92,827 + $150,848
$243,675
2019
$2,783 (+1.9%)
$91,876 + $149,302
$241,178
2018
$2,730 (+1.8%)
$90,075 + $146,375
$236,450
2017
$2,683 (+6.6%)
$86,578 + $140,692
$227,270
2016
$2,516 (+1.4%)
$86,578 + $140,692
$227,270
2015
$2,481 (+0.9%)
$84,881 + $137,934
$222,815
2014
$2,458 (+0.7%)
$81,970 + $133,202
$215,172
2013
$2,442 (−26.6%)
$81,970 + $133,202
$215,172
2012
$3,327 (+1.6%)
$81,600 + $132,600
$214,200
2011
$3,274 (+0.9%)
$102,523 + $194,794
$297,317
2010
$3,244 (+0.2%)
$100,513 + $190,975
$291,488
2009
$3,236 (−31.6%)
$99,763 + $189,549
$289,312
2008
$4,729
$100,000 + $190,000
$290,000
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
1911
Finished Sq. Ft.
927
Unfinished Sq. Ft.
—
Total Sq. Ft.
927
Year built
1911
Style
Multi-Family (2-4 Unit)
County
Riverside County
APN
213132004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 8, 2026.
DSP-RC
HERITAGE SQUARE HISTORIC DISTRICT
DOWNTOWN SPECIFIC PLAN
Downtown Specific Plan-Raincross District
The Raincross District is the cultural, historic, and social center of both Riverside and the region beyond. The quality of Downtown Riverside’s historic buildings and the relationship between these buildings creates an historic urban fabric unparalleled in the region. The positive image and economic health of Riverside is strongly influenced by this historic character and the protection of that is an essential part of assuring Riverside’s economic health and growth into the future. The intent of this specific plan is to create and
encourage opportunitiesfor a variety of commercial, residential and entertainment uses, including retail,office, cultural,residential, and visitorserving uses. The Raincross District encourages a concentration of uses that generate activity during both daytime and evening hours. The permitted retail uses in this District are intended to serve the specialty shopping needs of Downtown residents and employees, as well as city wide residents,regional shoppers, and tourists. The Rain cross District encourages these uses to occur as both single use buildings and as mixed-use buildings. The Raincross District is divided into two sub-areas. The center of the District is occupied by the Mission Inn Historic District, which contains Riverside’s most important historic buildings. In this sub-area the development standards have been carefully crafted to maintain a scale of development that is compatible with the well-established historic fabric ofthe district. Outside of the Mission Inn Historic
District,the development standards of the District allow greater intensity,while still assuring compatibility of the adjacent historic district and historic residential areas beyond. The development standards for the Raincross District are designed to create a place of daytime, evening and weekend activity by providing a high activity pedestrian environment with a storefront emphasis at the street level. Within the Raincross District, there are numerous local and national historic landmarks that define the district’s character, including the Mission Inn, Fox Theater, Stalder Building, Municipal Museum, Unitarian Church, Congregational Church, Municipal Auditorium, Post Office, Loring Building, and Art Museum. Preservation ofsuch structures, alongwith careful and compatible design of new development is important in maintaining the District’s character and unique sense of identity.
Zone overlays
Heritage Square
Raincross
Permitted uses
Include but are not limited to:
Bank
General retail
Restaurant
Housing-Multiple units
Mixed use
Mixed use development
Office
Medical office
Educational/school
Park & open space
Local insights from Redfin agents
Riverside offers a great variety of areas to explore, from the historic charm of Downtown and the Wood Streets to the University area and newer neighborhoods like OrangeCrest. Buyers will also find local favorites such as Mount Rubidoux, Victoria...
Avenue, parks, restaurants, and plenty of outdoor spa