3469 Lime St

Riverside, CA 92501

$1,075,000
Price
5
Beds
5
Baths
2,056 Sq. Ft.
$523 / Sq. Ft.
2,056
Sq. Ft.
$523
per Sq. Ft.
a view of multiple houses with a street
a view of a house with wooden fence
a front view of a house with a yard
a view of a house with a yard
a view of outdoor space
a front view of a house with a fence
a view of a city
a view of a city with mountain
front view of a house with a yard

Description

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...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.
  1. Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 3469 Lime Street

Zoning
R3
Parcel Number
213171021
Total Units
5.0
Living Area
2056
Source Living Area
Assessor
Area
Riverside (252)
Vacancy Rate
0
Lot Size Area
3920
LISTING UPDATED: 12/09/2025 05:51 PM

Property Details for 3469 Lime Street

StatusActive
MLS #25621531
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.09 AC / 3,920 SF
CountyRiverside County

Location

Listing Courtesy of Marcus & Millichap, Oscar Diaz, DRE #02022902
Add your commute

Building Information for 3469 Lime Street

Stories2Residences-Year Built1986Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$6,137 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,312

Property Taxes

$825

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3469 Lime Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 0
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $86,765
  • Net Operating Income: $59,974.00
  • Gross Income: $86,765
  • Cap Rate: 5.58%
  • Gross Rent Multiplier: $12.02
  • Total Annual Expense: 26791
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.09
  • Lot Size Square Feet: 3920
  • Lot Size Dimensions: 45x89
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-21-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,491.00
  • Unit Actual Rent: $7,454.00
  • Unit Projected Rent: $1,795.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $703,580.00
  • Assessed Improvement Percent: 80.25
  • Assessed Land Value: $173,188.00
  • Assessed Land Percent: 19.75
  • Assessed Total Value: $876,768.00

Property History for 3469 Lime Street

DateEvent & SourcePriceAppreciation
Nov 21, 2025

Listed (Active)

CRMLS #25621531

$1,075,000—
Nov 21, 2025

Listed (Active)

CLAW #25621531

$1,075,000—
Jul 23, 2020

Sold

CLAW #OC20078657MR

$810,000—
Jul 23, 2020

Hold

SDMLS #OC20078657

—
Jul 23, 2020

Sold

CRMLS #OC20078657

$810,000—
May 18, 2020

Sold (Public Record)

Public Record #673190553

$810,000

+14.5% / yr

May 15, 2020

Pending

CRMLS #OC20078657

—
May 15, 2020

Pending

SDMLS #OC20078657

—
May 15, 2020

Pending

CLAW #OC20078657MR

—
Apr 24, 2020

Listed (Active)

SDMLS #OC20078657

$825,000—
Apr 24, 2020

Listed (Active)

CLAW #OC20078657MR

$825,000—
Apr 24, 2020

Listed (Active)

CRMLS #OC20078657

$825,000—
Oct 1, 2014

Sold

CRMLS #OC14210480

$371,000—
Oct 1, 2014

Sold

CLAW #OC14210480MR

$371,000—
Sep 30, 2014

Pending

CRMLS #OC14210480

—
Sep 30, 2014

Pending

CLAW #OC14210480MR

—
Sep 30, 2014

Listed (Active)

CRMLS #OC14210480

$375,000—
Sep 30, 2014

Listed (Active)

CLAW #OC14210480MR

$375,000—
Aug 12, 2014

Sold (Public Record)

Public Record #442586340

$371,000

+12.7% / yr

May 22, 2014

Expired

CRMLS #PW13237343

—
May 21, 2014

Expired

CLAW #PW13237343MR

—
Dec 23, 2013

Withdrawn / Cancelled

CRMLS #PW13237343

—
Nov 22, 2013

Listed (Active)

CLAW #PW13237343MR

$369,000—
Nov 22, 2013

Listed (Active)

CRMLS #PW13237343

$369,000—
Jan 5, 2013

Expired

CRMLS #P233662

$224,900—
Apr 25, 2011

Sold (Public Record)

Public Record #307576262

$250,000—
Mar 2, 2010

Expired

CRMLS #P721644

$375,000—
Mar 2, 2010

Expired

CLAW #P721644MR

—
Feb 11, 2010

Listed (Active)

CLAW #P721644MR

$375,000—
Feb 11, 2010

Listed (Active)

CRMLS #CC224588

$375,000—
Feb 11, 2010

Listed (Active)

CRMLS #P721644

$375,000—
Jun 30, 2001

Expired

CLAW #P233662MR

—
Mar 28, 2001

Listed (Active)

CRMLS #P233662

$224,900—
Mar 28, 2001

Listed (Active)

CLAW #P233662MR

$224,900—
Mar 28, 2001

Listed (Active)

CRMLS #CC209192

$224,900—
Apr 26, 2000

Sold

CLAW #00-041009

$114,500—
Apr 18, 2000

Pending

CLAW #00-041009

—
Apr 6, 2000

Listed (Active)

CLAW #00-041009

$114,500—
DateEvent & SourcePrice
11/21/2025

Listed (Active)

CRMLS #25621531

$1,075,000
11/21/2025

Listed (Active)

CLAW #25621531

$1,075,000
07/23/2020

Sold

CLAW #OC20078657MR

$810,000
07/23/2020

Hold

SDMLS #OC20078657

—
07/23/2020

Sold

CRMLS #OC20078657

$810,000
05/18/2020

Sold (Public Record)

Public Record #673190553

$810,000

+14.5% / yr

05/15/2020

Pending

CRMLS #OC20078657

—
05/15/2020

Pending

SDMLS #OC20078657

—
05/15/2020

Pending

CLAW #OC20078657MR

—
04/24/2020

Listed (Active)

SDMLS #OC20078657

$825,000
04/24/2020

Listed (Active)

CLAW #OC20078657MR

$825,000
04/24/2020

Listed (Active)

CRMLS #OC20078657

$825,000
10/01/2014

Sold

CRMLS #OC14210480

$371,000
10/01/2014

Sold

CLAW #OC14210480MR

$371,000
09/30/2014

Pending

CRMLS #OC14210480

—
09/30/2014

Pending

CLAW #OC14210480MR

—
09/30/2014

Listed (Active)

CRMLS #OC14210480

$375,000
09/30/2014

Listed (Active)

CLAW #OC14210480MR

$375,000
08/12/2014

Sold (Public Record)

Public Record #442586340

$371,000

+12.7% / yr

05/22/2014

Expired

CRMLS #PW13237343

—
05/21/2014

Expired

CLAW #PW13237343MR

—
12/23/2013

Withdrawn / Cancelled

CRMLS #PW13237343

—
11/22/2013

Listed (Active)

CLAW #PW13237343MR

$369,000
11/22/2013

Listed (Active)

CRMLS #PW13237343

$369,000
01/05/2013

Expired

CRMLS #P233662

$224,900
04/25/2011

Sold (Public Record)

Public Record #307576262

$250,000
03/02/2010

Expired

CRMLS #P721644

$375,000
03/02/2010

Expired

CLAW #P721644MR

—
02/11/2010

Listed (Active)

CLAW #P721644MR

$375,000
02/11/2010

Listed (Active)

CRMLS #CC224588

$375,000
02/11/2010

Listed (Active)

CRMLS #P721644

$375,000
06/30/2001

Expired

CLAW #P233662MR

—
03/28/2001

Listed (Active)

CRMLS #P233662

$224,900
03/28/2001

Listed (Active)

CLAW #P233662MR

$224,900
03/28/2001

Listed (Active)

CRMLS #CC209192

$224,900
04/26/2000

Sold

CLAW #00-041009

$114,500
04/18/2000

Pending

CLAW #00-041009

—
04/06/2000

Listed (Active)

CLAW #00-041009

$114,500

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

Public Records for 3469 Lime Street

Taxable ValueLand$173,188Additions$703,580Total$876,768
Tax Record2025$9,906 ($825 / month)
Home Facts
Total Finished SqFt2,056 SqFtAbove Grade Finished SqFt2,056 SqFtStories2Lot Size3,920 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningR3CountyRIVERSIDEAPN213-171-021

Schools near 3469 Lime Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Fremont Elementary School
Public - K to 6
Central Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Riverside Virtual School
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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More information about 3469 Lime Street, Riverside, CA 92501

3469 Lime Street is a multi-family home for sale in Riverside, CA 92501. This property was listed for sale on November 21, 2025 by Marcus & Millichap, it's currently listed at $1,075,000. It has been on the market for a total of 32 days and was last sold on July 23, 2020. This listing's school district is Riverside Unified School District. Nearby schools include Fremont Elementary School, Central Middle School and Polytechnic High School. 3469 Lime Street is a 5-bed, 5-bath, 2,056 sqft multi-family home built in 1986.

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 Marcus & Millichap, Oscar Diaz, DRE #02022902

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.