3110 3108 Lime, Riverside, California 92501, Riverside, 92501 - 2 bed, 2 bath

3110 3108 Lime, Riverside, California 92501 home-pic-0
ACTIVE$655,000
3110 3108 Lime, Riverside, California 92501
2Beds
2Baths
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
IG25229854
Home ConditionGood
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $655.0K(67th), sqft - 999(8th), beds - 2(50th), baths - 2(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%
10/09/25
Listing
$665,000
Condition Rating
Good

Built in 1927, this duplex has undergone a significant and recent renovation, as described and evidenced by the images. The property is move-in ready with new laminate flooring and fresh paint throughout. The kitchen features new, basic dark cabinetry and black appliances (gas range, microwave), which are functional and clean. The bathroom is also updated with a new pedestal sink, toilet, and a stand-up shower. While the updates are modern and make the property highly functional, the finishes are basic rather than high-end, preventing an 'Excellent' rating. The description also notes a newer roof and upgraded attic insulation, indicating good maintenance of major systems.
Pros & Cons

Pros

Prime Investment Opportunity: This duplex is explicitly marketed as an 'Investment Opportunity' with 'strong rental potential' in a 'thriving rental market' and 'fastest-growing areas' of Riverside. Both units are currently rented, providing immediate cash flow.
Significant Value-Add Potential: The detached garage offers an 'outstanding opportunity for ADU conversion,' which can significantly increase the property's income-generating capacity and overall market value by adding a third unit.
Desirable Historic District Location: Nestled in Riverside's 'desirable historic district,' the property benefits from its proximity to Downtown, the Mission Inn, and the University of Riverside, enhancing its charm and tenant appeal.
Recent Updates and Modernization: The duplex has been 'beautifully updated' with 'modern updates including a newer roof and upgraded attic insulation,' reducing immediate capital expenditure concerns for a 1927-built property.
Functional Duplex Layout: Each unit features a private entryway, on-site laundry, and separate gas and electric meters, offering convenience for tenants and efficient management for the owner.

Cons

Age of Property: Built in 1927, despite recent updates, the property's age may still lead to higher long-term maintenance costs for original components or unforeseen issues compared to newer constructions.
Compact Unit Sizes: With a total of 999 sqft for two units, individual living spaces are relatively small, which might limit the tenant pool or the potential for higher rental rates compared to properties with larger units.
Unclear Tenant Parking: While a detached garage is mentioned for ADU conversion, the description does not explicitly detail dedicated parking arrangements for the existing two units, which could be a concern in a historic or denser urban area.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state