4308 Lime Street, Riverside, California 92501, Riverside, 92501 - 0 bed, 0 bath
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Riverside, California 92501
This Historic Duplex Value-Add Asset is listed at $724,995, positioned accurately at its $724,995 Fair Market Value. Featuring a Duplex Configuration in Riverside’s Historic District, the property offers immense potential for forced appreciation through interior modernization. With a Condition Rating of 5, the 1899 structure requires substantial rehabilitation to address deferred maintenance and outdated fixtures. Its proximity to the Mission Inn and downtown attractions ensures consistent rental demand once restored. This is a prime acquisition for Buy-and-Hold Investors or Contractors seeking a high-yield restoration project in a desirable urban core.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4308 Lime Street Subject | $724,995* List Price | 0 | 0 | 2,546 | $285 | - |
A 3276 Lime Street Sold | $510,000 | 5 | 3 | 1,962 | $260 | 0.8 mi |
B 3049 Mulberry Street Sold | $675,000 | 0 | 0 | 1,952 | $346 | 1.0 mi |
C 3049 Mulberry Street Sold | $675,000 | 5 | 3 | 1,952 | $346 | 1.0 mi |
D 4160 Chestnut Street Active | $799,000 List Price | 0 | 0 | 2,227 | $359 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1899, this historic duplex requires substantial rehabilitation. While the exterior appears well-maintained, the interior images reveal heavily worn hardwood floors, stained and peeling walls, and very outdated fixtures in the utility room. The absence of kitchen and bathroom photos, coupled with the visible interior condition, strongly suggests these areas are also in very poor, original, or very old condition, necessitating a full renovation. The 'recent updates' (water heater, partial waterline) are essential maintenance but do not address the extensive cosmetic and functional obsolescence throughout the living spaces.
Situated in Riverside's historic district, offering unbeatable walkability to the Mission Inn, downtown attractions, restaurants, shops, and cultural landmarks.
Configured as a duplex, providing excellent potential for rental income or flexible multi-generational living arrangements.
Features charming historic architecture and timeless character, appealing to buyers seeking unique properties with a rich heritage.
As a property built in 1899, it may require ongoing specialized maintenance and potential updates to systems not covered by recent repairs.
Multiple price reductions from the original list price suggest potential market resistance or an initial overvaluation, which could impact perceived value.
The property does not offer any specific views, which might be a consideration for buyers prioritizing scenic outlooks.
***Charming corner-lot duplex in Riverside’s historic district, just steps from the iconic Mission Inn and downtown attractions. This well-located property offers timeless character with recent updates including a new water heater and partial waterline replacement. Ideal for rental income or multi-generational living. Easy freeway access makes commuting a breeze, while the vibrant local scene provides unbeatable walkability to restaurants, shops, and cultural landmarks. A rare opportunity in one of Riverside’s most desirable neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,546 | 1,952 | 89% |
| Lot Size | 8,276 | 6,534 | 89% |
| Price | $725.0K | $640.0K | 78% |
| Price per sq ft | $285 | $356 | 22% |
| Built year | 1899 | 1916 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 345 | 205 | 78% |
Nov 14, 2025
$724,995
$749,000
-3% Price Drop
Initial Listing
Oct 24, 2025
$749,000
$749,900
+0% Price Increase
Initial Listing
Oct 8, 2025
$749,900
$749,990
+0% Price Increase
Initial Listing
Sep 15, 2025
$749,990
Initial Listing
May 12, 2025
$814,995
Initial Listing