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$1,175,000
New Listing

2029 Patterson Street
Riverside, CA 92507

For Sale|Triplex|Active
0
Beds
0
Full Baths
0
Partial Baths
2,961
SqFt
$397
/SqFt
2024
Built
County:
Riverside
Listed by Gerardo Garcia Macias of Pak Home Realty gerardo@gerardogarciagroup.com
2029 Patterson Street2029 Patterson Street2029 Patterson Street2029 Patterson Street
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Mortgage Calculator

Monthly Payment (Est.)

$5,361
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

This property presents itself as an exceptional opportunity in Riverside’s thriving real estate market, offering a rare combination of immediate income and long-term growth potential. Whether you're an experienced investor or a savvy homebuyer looking to make a smart move, this multi-unit property has everything you need to succeed. With its prime location, strong rental history, and future expansion possibilities, it’s an opportunity you won’t want to miss. The property features three distinct units, each offering its own unique appeal. One standout is the brand-new, detached unit—a spacious 3-bedroom, 2.5-bathroom home with a 2-car garage, separate utilities, and separate address. This newly constructed 1,199 sqft home provides the perfect blend of comfort and independence, making it ideal for a homeowner or tenant. The other two units have been recently remodeled, with one offering a 3-bedroom, 2-bathroom layout and the other a 1-bedroom, 1-bathroom unit. Both are well-maintained and thoughtfully updated, featuring a 6 year old roof, PEX Plumbing, an updated Dual Electric Panel, and a Brand new Gas line. Both units offer a mix of spaciousness and charm. The two occupied units share utilities, providing efficiency while maintaining privacy for each tenant. Set on a generous **13,068 sqft lot**, this property offers a wealth of potential for further growth and to potentially build more units. With a **cap rate of 7.27%**, the property already offers strong returns, but the possibility of increasing income through development makes it an even more exciting investment. Riverside’s location adds another layer of appeal. Just minutes from the 91 and 215 freeways, as well as the vibrant Downtown Riverside, this property offers easy access to major commuter routes, shopping, dining, and entertainment. With local institutions like Riverside City College, UC Riverside, and California Baptist University nearby, demand for rental properties in this area is only expected to increase, making this an even more enticing opportunity. Whether you’re looking for a home with income-generating potential or an investment property with substantial upside, this Riverside gem has it all. With a combination of prime location, solid cash flow, and exciting future prospects, this opportunity won’t last long. Make your move today and seize the chance to be a part of Riverside’s flourishing real estate market.*Grass was added onto the images virtually to enhance the property images*

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Listing Snapshot
Price 
$1,175,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,961 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3 Acres
Year Built 
2024
MLS® Number 
DW25074095
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
10 hours agoListing first seen on site
19 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.3
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
2
Parking 
Assigned
Parking Spaces 
2
Property Sub Type 
Triplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
2961
Stories 
Two
Utilities 
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer AvailableSewer ConnectedWater Connected
Water Source 
Public
Zoning 
R3
Interior Features
Appliances 
Gas Range
Cooling 
Central Air
Electric 
220 Volts
Heating 
Central
Interior 
Open FloorplanPantryWalk-In Closet(s)
Laundry Features 
InsideLaundry Room
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Exterior Features
Fencing 
Brick
Pool Features 
None
Spa Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
front gate
Community Features 
Sidewalks
Financing Terms Available 
CashConventionalFHASubmitVA Loan
MLS Area 
252 - Riverside


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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