Movoto Real Estate
Sold on 08/28/2025
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3499 Lemon St, Riverside, CA 92501

$560,000

Last sold 08/28/2025 for $550K

  • —

    bed

  • —

    bath

Multi-family not for sale

About 3499 Lemon St

Property type Multi-family
Neighborhood
Year built 1927
HOA fee $0/month
Lot size 4,792 Sqft
Movoto estimate
Rental estimate
Property description
Prime Riverside Property! LOCATION, LOCATION, LOCATION!!! This Triplex sits on a Corner Lot: 3499 Lemon Street & wraps around the corner. It shares 2 other addresses: 3501 and 3503 5th Street. Don’t miss this incredible opportunity to own property in one of Riverside’s most desirable and historic neighborhoods! Located just blocks from the vibrant downtown district and perfectly situated for residential, commercial, or mixed-use potential (buyer to verify zoning). Walking distance to The Mission Inn, restaurants, cafés, boutique shops, and art galleries. Close to UC Riverside, Riverside Community College, Riverside County Courthouse, Riverside City Hall, Riverside Convention Center, public transit, Metrolink, and major freeways (91, 60, and 215). This Charming 1927 TRIPLEX in the heart of Downtown Riverside and is surrounded by a thriving community of professionals, students, and creatives. The area is known for its historic charm, tree-lined streets, and cultural events. 2 UNITS are VACANT-READY for a new Tenant! Can apply for the "Mills Act" and receive Tax advantages. This triplex could be converted back to a 3 Bedroom, 3 Bath SFR HOME!! Also, potential for a ADU.
Listed by
Listing Agent - Cindy Berg
Listing Agent Contact: 714-272-0779
Listing Office - Century 21 Discovery
Source: CRMLS mls logo
MLS#PW25097570 • last updated 1 year ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Triplex
Status Closed
Lot Size (Acres) 0.11
Lot Size (SqFt) 4792
Year Built 1927
Interior
Laundry None
Other Room(s) All Bedrooms Down
Exterior
Building Area Square Feet, 1950
Parking Driveway
Lot Description Level, Park Nearby, Yard
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Biking, Curbs
Zoning R3
Directions 91 Frwy, Exit University Ave., Left On Lemon St.
APN 213113005
Multifamily Details
Vacancy Allowance 30000
Expense: Trash 2900
Operating Expense 4164
Expense: Insurance 764
Total Expenses 4164
Expense: Water/ Sewer 500
Gross Scheduled Income 15000
$560K
Range: $509K-$610K
Last 30 days 
Rental est.: $1,628/month
Gross rent multiplier: 28.2
  • Aug 2025
    mls logo MLS # PW25097570
  • Aug 29, 2025 Sold
    $550,000
  • Aug 21, 2025 Listed
    —
  • Aug 12, 2025 Pending
    —
  • Jul 30, 2025 Price Change
    $599,000 (-11.3%)
  • Jun 11, 2025 Price Change
    $675,000 (-3.4%)
  • May 14, 2025 Price Change
    $699,000 (-3.6%)
  • Apr 18, 2025 Listed
    $725,000 (+101.4%)
  • Aug 2025
    Public Records
  • Aug 28, 2025 Sold
    $550,000 (-8.2%)
  • Mar 2004
    Public Records
  • Mar 11, 2004 Sold
    $360,000 (+129.3%)
  • Jul 2002
    Public Records
  • Jul 12, 2002 Sold
    $157,000
  • Year Property taxes Tax assessment
  • 2024
    $5,285 +4.3%
    $486,158 +9.18%
  • 2023
    $5,069 +9.6%
    $445,282
  • 2022
    $4,623 +9.6%
    $445,282 +21.69%
  • 2021
    $4,220 +11.3%
    $365,922
  • 2020
    $3,792 +2.8%
    $365,922 +12.0%
  • 2019
    $3,687 +3.9%
    $326,716 +3.0%
  • 2018
    $3,549 +8.4%
    $317,200 +4.0%
  • 2017
    $3,274 +12.4%
    $305,000 +17.31%
  • 2016
    $2,914
    $260,000
  • 2015
    $2,915
    —
  • 3499 Lemon St
    $550K
  • Downtown Riverside
    $622K -9% y/y
  • 92501
    $599K -4% y/y
  • Riverside
    $689K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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