3469 Lime Street, Riverside, CA 92501
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
3469 Lime Street,Riverside, CA 92501
$1,075,000
- 5 Beds
- 5 Baths
- 2,056 sq. ft.
- Multi-family
- Active
Listed by: oscar diaz
Office: marcus & millichap310-909-5500
MLS#:25621531
Source:CRMLS
Price summary
- Price:$1,075,000
- Price per sq. ft.:$522.86
About this home
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 smaller 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....
Contact an agent
Home facts
- Year built:1986
- Listing ID #:25621531
- Added:230 day(s) ago
- Updated:July 10, 2026 at 11:10 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Living area:2,056 sq. ft.
Structure and exterior
- Year built:1986
- Building area:2,056 sq. ft.
- Lot area:0.09 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,075,000
- Price per sq. ft.:$522.86
New listings near 3469 Lime Street
- New
$839,000Active4 beds 3 baths2,552 sq. ft.5740 Via Cervantes, Riverside, CA 92506
MLS# SW26133952Listed by: WILLIAMS REALTY GROUP, INC. - New
$600,000Active4 beds 2 baths1,572 sq. ft.3395 Santa Cruz Drive, Riverside, CA 92507
MLS# SW26150196Listed by: EHOMES - Coming Soon
$700,000Coming Soon4 beds 2 baths2862 Westridge, Riverside, CA 92506
MLS# IG26150457Listed by: REALTY MASTERS & ASSOCIATES - Open Sat, 11am to 2pmNew
$1,650,000Active4 beds 4 baths3,683 sq. ft.7876 Arroyo Vista Court, Riverside, CA 92506
MLS# IV26149139Listed by: COMPASS - New
$675,000Active5 beds 4 baths1,967 sq. ft.8751 Metta Circle, Riverside, CA 92503
MLS# CV26150217Listed by: CENTURY 21 SYNERGIA REALTY - Coming Soon
$925,000Coming Soon6 beds 5 baths19662 Shadowbrook Way, Riverside, CA 92508
MLS# IG26149844Listed by: KELLER WILLIAMS BIG BEAR - Open Sun, 1 to 4pmNew
$425,000Active2 beds 2 baths1,121 sq. ft.375 Central Avenue #190, Riverside, CA 92507
MLS# IV26147406Listed by: COLDWELL BANKER REALTY - New
$559,900Active2 beds 1 baths956 sq. ft.4640 Cover, Riverside, CA 92506
MLS# IV26150230Listed by: COMPASS - Coming Soon
$899,000Coming Soon4 beds 2 baths1311 Cadwell Court, Riverside, CA 92506
MLS# SW26147785Listed by: LPT REALTY, INC - New
$695,000Active4 beds 4 baths2,378 sq. ft.20130 Curaco Court, Riverside, CA 92507
MLS# IV26148448Listed by: GROVE REALTY