3469 Lime St
Riverside, CA 92501
Downtown
5 Beds
5 Baths
2,056 sqft
5 Beds
5 Baths
2,056 sqft
Local Information
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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 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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$523
Listed
176 days ago
Home Details for 3469 Lime St
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 5 |
Dimensions and Layout Living Area: 2056 Square Feet |
Heating & Cooling Heating: OtherHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Other Structures: Other |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Other |
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Days on Market: 176 |
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Year Built Year Built: 1986 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
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Price List Price: $1,075,000Price Per Sqft: $523 |
Status Change & Dates Off Market Date: Thu Apr 30 2026 |
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MLS Status: Active Under Contract |
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Direction & Address City: Riverside |
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Listing Agent Listing ID: 25621531 |
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Building Area Building Area: 2056 Square Feet |
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Lot Area: 3920.4 sqft |
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Special Conditions: Standard |
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Mls Number: 25621531Zillow Contingency Status: Under Contract |
Last check for updates: about 2 hours ago
Listing courtesy of Oscar Diaz DRE # 02022902, (213) 999-2124
Marcus & Millichap, (310) 909-5500
Source: CLAW, MLS#25621531
Also Listed on CRMLS.
Price History for 3469 Lime St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/01/2026 | $1,075,000 | ListingRemoved | CLAW #25621531 |
| 11/21/2025 | $1,075,000 | Listed For Sale | CLAW #25621531 |
| 05/30/2022 | ListingRemoved | Zillow Rental Network Premium | |
| 05/23/2022 | $1,000 | Listed For Rent | Zillow Rental Network Premium |
| 07/23/2020 | $810,000 | Sold | CRMLS #OC20078657 |
| 05/15/2020 | $825,000 | Pending | Agent Provided |
| 04/24/2020 | $825,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 3469 Lime St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Multi-Family Home | $763,000 | 01/26/26 | 6 | 3 | 2,145 | |
0.07 | Multi-Family Home | $550,000 | 08/28/25 | 3 | 3 | 1,950 | |
0.32 | Multi-Family Home | $675,000 | 10/24/25 | 5 | 3 | 1,952 | |
0.40 | Multi-Family Home | $760,000 | 11/17/25 | 5 | 4 | 2,400 | |
0.35 | Multi-Family Home | $582,500 | 07/31/25 | 5 | 3 | 2,884 | |
0.58 | Multi-Family Home | $799,000 | 06/20/25 | 6 | 4 | 3,260 | |
0.34 | Multi-Family Home | $582,500 | 07/31/25 | 3 | 3.5 | 2,592 | |
0.77 | Multi-Family Home | $925,000 | 07/29/25 | 5 | 4 | 2,210 | |
0.76 | Multi-Family Home | $960,000 | 07/29/25 | 6 | 4 | 2,600 | |
0.90 | Multi-Family Home | $760,000 | 10/15/25 | 6 | 4 | 2,214 |
Assigned Schools
These are the assigned schools for 3469 Lime St.
- Central Middle School
- 7-8
- Public
- 621 Students
4/10GreatSchools RatingParent Rating AverageN/AStudent Review16y ago - Fremont Elementary School
- K-6
- Public
- 593 Students
5/10GreatSchools RatingParent Rating AverageUPDATED REVIEW 2022.We love this school, teachers are great. My daughter has shown major improvement. I can't wait for my son to start school here.Parent Review4y ago - Polytechnic High School
- 9-12
- Public
- 2484 Students
6/10GreatSchools RatingParent Rating AverageThis school just disappointed me in many ways. The way that they are teaching my kid in school is very off to me. My kid isn't paying attention for a reason—a reason that the school doesn't want to hear at all! My kid doesn't feel safe in that school. The two-sided ladies who worked in the office were completely rude. The energy in there is so negative. I wouldn't recommend any children to go to this dirty school, the strict rules won't change anything after all. It is the same old boring school. DO BETTER!Other Review1y ago 
Check out schools near 3469 Lime St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown
At least 116 Trulia users voted on each feature.
92 % Say there are sidewalks
83 % Say it's dog friendly
80 % Say it's walkable to restaurants
76 % Say yards are well-kept
74 % Say car is needed
67 % Say there's holiday spirit
65 % Say parking is easy
64 % Say streets are well-lit
56 % Say it's walkable to grocery stores
54 % Say there's wildlife
49 % Say kids play outside
48 % Say neighbors are friendly
47 % Say they plan to stay for at least 5 years
46 % Say it's quiet
43 % Say people would walk alone at night
26 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Oscar Diaz, Marcus & Millichap, (310) 909-5500
Agent Phone: (213) 999-2124
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-05-16 14:37:49 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.