3311 Lime St Riverside, CA 92501

This property features four units in a desirable Riverside location. One of the four units is currently vacant, presenting an opportunity for owner-occupancy. The property includes four electric meters, four gas meters, and one water meter. There are four driveway parking spaces available on Lime Street. The downstairs unit at 3309 Lime St. is a 1-bedroom, 697 sqft unit with its own water heater, modern HVAC for heat and AC, a covered front patio, and a fenced front yard. The downstairs unit at 3311 Lime St. is a 2-bedroom, 786 sqft unit with its own water heater, modern HVAC for heat and AC, laundry hookups, and a private fenced backyard. The upstairs unit at 3424 3rd St. A is a 1-bedroom, 292 sqft unit with its own water heater, wall heater, and window AC, with a possible second child’s bedroom and a shared fenced backyard. The upstairs unit at 3424 3rd St. B is a 2-bedroom, 370 sqft unit with its own water heater, wall heater, window AC, a large living room, a balcony, and a shared fenced backyard. The property has a large, clean basement with access from the backyard and extensive retrofitting for earthquake protection that has been permitted. Each unit has its own water shut off. The upstairs units share a laundry connection at the bottom of the stairs. Additional features include a newer composition shingle roof (2010), a retrofit basement (2009), windows, gutters, paint, plumbing water and drains (2009), new electrical (2009), and fumigation (2022). The property is situated on a lot of approximately 0.13 acres. The total property size is 2145 square feet. The current owner has been undercharging tenants, presenting the potential to increase rents to market value and generate a higher monthly profit. Currently, three units are occupied.