Active Under Contract

3469 Lime Street

Riverside, CA 92501
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Bed 5

Bed

Bath 0

Bath

SqFt2,056

Sqft

SqFt3,920

Sqft(Lot)

We are pleased to present 3469 Lime Street, a five-unit apartment property located just steps from the heart of Downtown Riverside and only 0.4 miles from the Mission Inn. Priced at $1,075,000, or $215,000 per unit, the offering provides investors with stable income and a favorable day-one cap rate. The property consists of five one-bedroom, one-bath units. The lower units feature private patio areas, while the upper units offer individual balconies, enhancing tenant appeal and supporting long-term retention. Built in 1986 on a 3,920 square foot lot, the property delivers comfortable and well-located housing in a walkable neighborhood close to Riverside's dining, retail, and cultural amenities. Its proximity to Downtown Riverside and the Mission Inn District drives consistent demand for sm aller units, contributing to strong occupancy and reliable cash flow. Based on the current rent roll of $7,454 and the pro forma rent roll of $8,975, the property offers an immediate $1,521monthly upside, representing a 20.41% increase from existing income levels. In addition to this current upside, an owner who chooses to issue allowable rent increases under AB 1482 can further improve returns. With the ability to raise rents by up to 7.5%, investors can increase income within the first few months of ownership, elevating the projected cap rate to 6.15%. 3469 Lime Street presents an excellent opportunity to acquire a Downtown Riverside asset with private outdoor spaces, strong tenant demand drivers, and clear income growth supported by both existing upside and allowable rent adjustments.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,075,000

AD Id : 69203079

MLS Id : 25621531

Beds : 5

Lot Size : 3,920 Sqft

Living Area Size : 2,056

Year Built : 1986

County : Riverside

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 5

  • Building Information

    Year Built: 1986
    Building Area Total: 2056
    Stories: 2
    Private Pool: No

  • Lot Information

    Lot Dimensions: 45x89 Main Square Feet: 3920 Lot Size Acres: 0.09 Lot Size Square Feet: 3,920

  • Listing Price Information

    Listing Price: $1075000

  • Tax Information

    Parcel Number: 213171021

  • Location Information

    Direction: To reach 3469 Lime Street, Riverside from the I-91 and I-215 freeway junction, take CA 91 West toward Downtown Riverside. Exit at University Avenue and head west. Turn right onto Canyon Crest Drive, then left onto Lime Street. Continue for a few blocks and the property will be on your right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3306 Debbie, Riverside, CA, 92501 $599,888 4 2 1,404 1,404 SqFt
3444 Center Street #12, Riverside, CA, 92501 $210,000 3 2 1,216 1,216 SqFt
3444 Center Street #13, Riverside, CA, 92501 $210,000 3 2 1,170 1,170 SqFt
1572 Hillcrest, Riverside, CA, 92501 $585,000 2 1 1,020 1,020 SqFt
1271 Castledale, Riverside, CA, 92501 $799,000 6 3 2,686 2,686 SqFt
1339 Castledale, Riverside, CA, 92501 $629,900 3 2 1,868 1,868 SqFt
4252 Jenkins, Riverside, CA, 92501 $725,000 6 3 2,127 2,127 SqFt
3432 Russell, Riverside, CA, 92501 $650,000 3 1 1,240 1,240 SqFt
4065 Garvey, Riverside, CA, 92501 $610,000 3 2 2,072 2,072 SqFt
1766 Park Place, Riverside, CA, 92501 $605,000 3 2 1,829 1,829 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/22/2026 @ 14:26

MLS: 25621531 LISTED BY: Oscar Diaz, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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