3469 Lime Street

Sold 8/24/26
Sold 8/24/26
Gallery Image 1
Gallery Image 2
Sold
Last Sold Price
$1,000,000
5 beds5 baths2,056 sqft$486/sqft
3469 Lime St, Riverside, CA 92501
Multi FamilyProperty Type
3,920 sq ftLot Size
1986Year Built
$486/sq ftPrice per sq ft

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.
Listing closed: 08/24/2026 12:00 AM • Source: CLAW, MLS#: 25621531
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Location

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

Sold By Pacific Avenue Realty, Prashant Sampat, DRE #01916221

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$5,908 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,083

Property Taxes

$825

HOA Dues

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Property Information for 3469 Lime Street

Property Details
  • MLS Type: Residential Income
  • County: Riverside County
  • 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
  • Source Lot Size Area: Vendor Enhanced
  • Assessor Parcel Number: 213-171-021
  • Directions: 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.
Building Information
  • Stories: 2
  • Year Built: 1986
  • Lot Size: 0.09 AC / 3,920 SF
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
Aug 24, 2026

Sold

CLAW #25621531

—
Aug 24, 2026

Sold

CRMLS #25621531

$1,000,000—
Aug 10, 2026

Pending

CLAW #25621531

—
DateEvent & SourcePrice
08/24/2026

Sold

CLAW #25621531

—
08/24/2026

Sold

CRMLS #25621531

$1,000,000
08/10/2026

Pending

CLAW #25621531

—

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

Public Records for 3469 Lime Street

Taxable ValueLand$176,651Additions$717,651Total$894,302
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 Built1986Year Renovated1986ZoningR3CountyRIVERSIDEAPN213-171-021

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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.