3469 Lime Street

Off Market

3469 Lime Street

Riverside CA 92501

2056 sq. ft.

3920 sq. ft.

Other

Last sold for $1,000,000

Oscar Diaz, last sold this property on 24 August 2026 after 275 days on market.

Overview

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.

Features

5 bedrooms

5 bathrooms

2056 sq. ft. floor area

3920 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 5 bedroom other properties sold in Riverside over the last 12 months.

Property history for 3469 Lime Street

2026

Sold

$1,000,000

24 Aug 2026 by Oscar Diaz, of Marcus & Millichap

Happy sellers in Riverside

100%

100% of sellers in Riverside reported that their sale price either exceeded or met their price expectations.

Riverside stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Riverside over the last 12 months.

Local market activity for 5 bedroom other properties in Riverside

Sold

For Sale

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