3110 3108 Lime, Riverside, California 92501, Riverside, 92501 - bed, bath

3110 3108 Lime, Riverside, California 92501 home-pic-0
ACTIVE$655,000
3110 3108 Lime, Riverside, California 92501
0Bed
0Bath
999Sqft
3,920Lot
Year Built
1927
Close
-
List price
$655K
Original List price
$665K
Price/Sqft
$656
HOA
-
Days on market
-
Sold On
-
MLS number
IG25225510
Home ConditionGood
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $655.0K(64th), sqft - 999(9th), beds - undefined(50th), baths - undefined(50th).

Investment Opportunity in Riverside’s Historic District – Duplex with Value-Add Potential Welcome to 3108/3110 Lime Street, a beautifully updated duplex located near Downtown Riverside, the Mission Inn, and the University of Riverside. Nestled in the city’s desirable historic district, this property offers charm, functionality, and strong rental potential in one of Riverside’s fastest-growing areas. Each of the two units features its own private entryway, with an open kitchen leading into a spacious living room accented by a faux fireplace. The primary bedrooms showcase large windows, walk-in closets, and en-suite bathrooms, creating a comfortable layout for tenants. Both units have been remodeled and enjoy modern updates including a newer roof and upgraded attic insulation. Additional highlights include on-site laundry, separate gas and electric meters, and excellent curb appeal that complements the historic character of the neighborhood. A detached garage presents an outstanding opportunity for ADU conversion, offering the potential to add a third income-producing unit and increase cash flow. With both units currently rented, this property is a strong investment in a thriving rental market with continued upside.

Price History

Date
Event
Price
10/29/25
Price Change
$655,000-1.5%
09/29/25
Listing
$665,000
Condition Rating
Good

Built in 1927, this property has undergone extensive remodeling, as evidenced by the modern kitchen featuring dark shaker cabinets, light countertops, black appliances, and new LVP flooring. The description also notes a newer roof and upgraded attic insulation. While the original structure is old, the recent updates make the units move-in ready with no immediate renovation required. The primary drawback preventing a higher score is the lack of central HVAC, which is a significant comfort factor, especially in Riverside's climate.
Pros & Cons

Pros

ADU Conversion Potential: The detached garage offers an outstanding opportunity for ADU conversion, providing significant value-add and the potential to generate a third income stream.
Prime Historic Location: Located in Riverside's desirable historic district, near Downtown, the Mission Inn, and the University of Riverside, enhancing rental demand and property value.
Recent Updates & Remodels: Both units have been beautifully remodeled with modern updates, including a newer roof and upgraded attic insulation, reducing immediate maintenance concerns.
Strong Investment & Rental Income: Fully occupied duplex in a thriving rental market, offering immediate cash flow and continued upside potential in a growing area.
Tenant-Friendly Features: Each unit features private entryways, on-site laundry, separate gas and electric meters, and comfortable layouts with walk-in closets and en-suite bathrooms.

Cons

Age of Property: Built in 1927, the property's age, despite recent updates, may still present potential for unforeseen maintenance issues related to older infrastructure (e.g., plumbing, electrical, foundation).
Limited Unit Size: With a total square footage of 999 sqft for the duplex, the individual units are likely relatively small, which could limit the tenant pool or rental rate potential compared to larger units.
Lack of Central HVAC: The property description does not mention central air conditioning or heating, which could be a significant drawback for tenant comfort, especially during Riverside's hot summers and cooler winters.

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