2972 Orange St

3
Baths
2,233 Sq. Ft.
$343 / Sq. Ft.
2,233
Sq. Ft.
$343
per Sq. Ft.

Description

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...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!
  1. Listed by Michael Mattson • DRE #01718698 • Brokerage DRE #02053055 • One Source Realty Solutions • 949-973-2118

Property Details for 2972 Orange Street

Architectural Style
Ranch
View
None
Parking Spaces Total
3
Private Pool
No
Cooling Type
None
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 05/05/2025 11:36 PM

Property Details for 2972 Orange Street

StatusClosed
MLS #OC25063025
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.16 AC / 6,970 SF
CountyRiverside County

Location

Listing Courtesy of One Source Realty Solutions, Michael Mattson, DRE #01718698

Sold By PARTNER Real Estate, CHIN GAN, DRE #02004420

Add your commute

Building Information for 2972 Orange Street

Stories1Residences-Year Built1961Building Size-Lot Size0.16 AC / 6,970 SF

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$4,008 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,728

Property Taxes

$280

HOA Dues

$0

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Property Information for 2972 Orange Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, HVAC Maintenance, Pest Control, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $55,440
  • Gross Scheduled Income: $54,840
  • Vacancy Allowance: 2742
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $52,698
  • Net Operating Income: $42,292
  • Financing: Conventional
Expense Details
  • Operating Expense: $10,406
  • Operating Expense Percent: 19.00%
  • Fuel Expense: $144
  • Electric Expense: $384
  • Insurance Expense: $2,684
  • Trash Expense: $3,000
  • Water Sewer Expense: $792
  • Total Expenses: $10,406
Tax / Assessment Info
  • Tax Tract Number: 209...
  • Tax Census Tract: 301.03
  • CFD/Mello-Roos Fee: $66
  • Tax Lot: 9
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Water Heater
  • Equipment: Laundry Area, Outside, Room
  • Interior Features: Copper Plumbing Full, Storage, Unfurnished
  • Room Type: Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Utility Room
  • Water Heater Features: Gas
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room, Outside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
  • Flooring: Carpet, Tile
Exterior Features
  • Window Features: Wood Frames
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: Side Access
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • Property Condition: Turnkey, Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Near Public Transit, Paved, Sprinklers None
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: Alley, City Street
  • Levels: One
  • Water: Public
  • Sewer: Private Sewer
  • Utilities: Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available
  • Electric: Electricity - On Property, Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Built-In Storage, Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 3
  • Parking Features: Assigned, Built-In Storage, Carport, Detached Carport
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,565
  • Unit Type Total Rent: $1,565
  • Unit Type Pro Forma: 1565
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,440
  • Unit Type Total Rent: $1,440
  • Unit Type Pro Forma: 1440
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,565
  • Unit Type Total Rent: $1,565
  • Unit Type Pro Forma: 1565
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 0
  • Number With Carpet: 3
  • Number Wall AC: 3

Property History for 2972 Orange Street

DateEvent & SourcePriceAppreciation
May 5, 2025

Sold (Public Record)

Public Record #1557117347

$765,000
May 5, 2025

Sold

SDMLS #OC25063025

$765,000
May 5, 2025

Sold

CRMLS #OC25063025

$765,000
May 5, 2025

Sold

CLAW #OC25063025MR

$765,000
Apr 7, 2025

Pending

CRMLS #OC25063025

Apr 3, 2025

Pending

CLAW #OC25063025MR

Apr 3, 2025

Pending

SDMLS #OC25063025

Mar 26, 2025

Listed (Active)

CRMLS #OC25063025

$750,000
Mar 25, 2025

Listed (Active)

SDMLS #OC25063025

$750,000
Mar 25, 2025

Listed (Active)

CLAW #OC25063025MR

$750,000
Sep 13, 2002

Sold

CLAW #I291360MR

$205,000
Sep 13, 2002

Sold

CRMLS #I291360

$205,000
Aug 2, 2002

Pending

CLAW #I291360MR

Aug 2, 2002

Pending

CRMLS #I291360

Jul 28, 2002

Listed (Active)

CLAW #I291360MR

$212,500
Jul 28, 2002

Listed (Active)

CRMLS #I291360

$212,500
DateEvent & SourcePrice
05/05/2025

Sold (Public Record)

Public Record #1557117347

$765,000
05/05/2025

Sold

SDMLS #OC25063025

$765,000
05/05/2025

Sold

CRMLS #OC25063025

$765,000
05/05/2025

Sold

CLAW #OC25063025MR

$765,000
04/07/2025

Pending

CRMLS #OC25063025

04/03/2025

Pending

CLAW #OC25063025MR

04/03/2025

Pending

SDMLS #OC25063025

03/26/2025

Listed (Active)

CRMLS #OC25063025

$750,000
03/25/2025

Listed (Active)

SDMLS #OC25063025

$750,000
03/25/2025

Listed (Active)

CLAW #OC25063025MR

$750,000
09/13/2002

Sold

CLAW #I291360MR

$205,000
09/13/2002

Sold

CRMLS #I291360

$205,000
08/02/2002

Pending

CLAW #I291360MR

08/02/2002

Pending

CRMLS #I291360

07/28/2002

Listed (Active)

CLAW #I291360MR

$212,500
07/28/2002

Listed (Active)

CRMLS #I291360

$212,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2972 Orange Street

Taxable ValueLand$65,158Additions$231,720Total$296,878
Tax Record2025$3,361 ($280 / month)
Home Facts
Beds6Baths3Total Finished SqFt2,233 SqFtAbove Grade Finished SqFt2,233 SqFtStories1Lot Size6,969 SqFtStyleSingle Family ResidenceYear Built1961CountyRIVERSIDEAPN209-212-027Fireplace TypeHas Fireplace

Schools near 2972 Orange Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Fremont Elementary School
PublicK to 6

Central Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Riverside Virtual School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of One Source Realty Solutions, Michael Mattson, DRE #01718698

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.