Map location of 3469 Lime Street, Riverside, CA 92501
$1,075,000
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3469 Lime Street, Riverside, CA 92501

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- Beds
0 Baths
2,056 Sq Ft

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 By: Oscar Diaz - Marcus & Millichap caclaw Realty.com
  • MLS# 25621531
  • Date Listed11/21/2025
  • Days on Realty 7 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.09 acres (3,920 sq. ft)
  • County Riverside
  • Year Built 1986
  • Square Feet 2,056 sq. ft
  • Price Per Sq. Ft $522.86

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.09
  • Lot Size SQFT 3,920.00
  • Lot Features -

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.

Financial Considerations

Nearby Schools

Source: School Digger

Longfellow Elementary School

Public • PK - 6 • Serves this home

0.84 mi

Distance

Riverside County Community School

Public • 1 - 12

0.99 mi

Distance

Preschool Grasp

Public • PK - PK

0.99 mi

Distance

Patricia Beatty Elementary School

Public • PK - 6

1.63 mi

Distance

Fremont Elementary School

Public • PK - 6

1.79 mi

Distance

Emerson Elementary School

Public • PK - 6

2.1 mi

Distance

Reach Leadership Academy

Public • PK - 6

2.44 mi

Distance

Magnolia Elementary School

Public • PK - 6

2.95 mi

Distance

Pachappa Elementary School

Public • PK - 6

2.95 mi

Distance

Highland Elementary School

Public • PK - 6

3.26 mi

Distance

Central Middle School

Public • 7 - 8 • Serves this home

1.66 mi

Distance

University Heights Middle School

Public • 7 - 8

2.49 mi

Distance

Flabob Airport Preparatory Academy

Public • 6 - 12

3.46 mi

Distance

Educational Options Center

Public • 7 - 12

4.25 mi

Distance

Mathew Gage Middle School

Public • 7 - 8

4.48 mi

Distance

Mission Middle School

Public • 7 - 8

4.54 mi

Distance

Sierra Middle School

Public • 7 - 8

4.8 mi

Distance

Riverside Stem Academy

Public • 5 - 12

5.09 mi

Distance

Terrace Hills Middle School

Public • 7 - 8

6.74 mi

Distance

Chemawa Middle School

Public • 7 - 8

7.4 mi

Distance

Riverside County Youthbuild

Public • 10 - 13 • Serves this home

0.99 mi

Distance

Abraham Lincoln Continuation High School

Public • 10 - 12

1.38 mi

Distance

John W. North High School

Public • 9 - 12

1.62 mi

Distance

Gateway College And Career Academy

Public • 9 - 12

1.66 mi

Distance

Polytechnic High School

Public • 9 - 12

3.39 mi

Distance

Raincross High (continuation) School

Public • 9 - 12

4.48 mi

Distance

Grand Terrace High School

Public • 9 - 12

4.86 mi

Distance

Rubidoux High School

Public • 9 - 12

5.32 mi

Distance

Ramona High School

Public • 9 - 12

5.55 mi

Distance

Nueva Vista Continuation High School

Public • 10 - 12

6.23 mi

Distance

Allegiant Christian School

Private • KG - 12

3.51 mi

Distance

Notre Dame High School

Private • 09 - 12

4.25 mi

Distance

Sierra School Of East Valley

Private • KG - 12

8.25 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 92501

Source: Walkscore

92/100

Walker's Paradise

Walk Score ®

49/100

Some Transit

Transit Score ®

62/100

Bikable

Bike Score ®

Overview

Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

15 nearby routes: 12 bus, 3 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 32/100, Transit Score: 21/100, Bike Score: 39/100.

Points of Interest near 3469 Lime Street, Riverside, CA 92501

Frequently Asked Questions for 3469 Lime Street

Source: Realty.com

3469 Lime Street, Riverside, CA 92501 is a , Residential Income property listed for $1,075,000 The property is 2056 sq. ft with - bedrooms and 0 bathrooms

Our records indicate that 3469 Lime Street was built in 1986.

The full address for this home is 3469 Lime Street, Riverside, CA 92501.

3469 Lime Street has been listed on Realty.com since Fri November 21, 2025

Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 32/100, Transit Score: 21/100, Bike Score: 39/100.

There are 3 schools assigned to this home. Check out the schools near 3469 Lime Street. Longfellow Elementary School (Grades: PK - 6), Central Middle School (Grades: 7 - 8), Riverside County Youthbuild (Grades: 10 - 13)

Listing provided courtesy of: Marcus & Millichap (tel: 310-909-5500)
Listing agent: Oscar Diaz (tel: 213-999-2124) (#CLW-C137355)

This content last refreshed on 2025-11-28 19:25:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 3469 Lime Street, Riverside, CA 92501 : MLS# 25621531

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