$550,000
SOLD AUG 28, 2025
3 Beds
3 Baths
1,950 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$282 Per Sq Ft

8% Below List Price

100 Days on Market

Highlights

  • Property is near a park
  • Private Yard
  • Ductless Heating Or Cooling System
  • Polytechnic High School Rated A-
  • No HOA
  • Bike Trail

About This Home

As of August 2025

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, cafes, 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.

Last Agent to Sell the Property

Cindy Berg

Century 21 Discovery Brokerage Phone: 714-272-0779 License #01190975 Listed on: 05/02/2025

Century 21 Discovery

Last Buyer's Agent

Ray Vak

Joshua Nouri License #01439509

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,285

Year Built

  • Built in 1927

Lot Details

  • 4,792 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Private Yard

Home Design

  • Triplex

Interior Spaces

  • 1,950 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway

Location

  • Property is near a park

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 6 / 4
  • Tax Tract Number 303
  • Assessor Parcel Number 213113005
  • $120 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $764
  • Trash Expense $2,900
  • Water Sewer Expense $500
  • Operating Expense $4,164
  • Net Operating Income $40,836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,285

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Price Per Unit: 199667
  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 213113005
  • Year Built: 1927
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Ground
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 282.05
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Ductless
  • Sewer: Public Sewer
  • Trash Expense: 2900.00
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Park Nearby, Yard
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 15000.00
  • Insurance Expense: 764.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 40836.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4164.00
  • Rent Control: No
  • Total Expenses: 4164.00
  • Vacancy Allowance: 30000

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 303.00
  • Tax Lot: 6
  • Tax Tract Number: 0303
  • TaxOtherAnnualAssessmentAmount: 120.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2024
Sold by
Starks Van and Starks Millie
Bought by
Starks Family Revocable Trust and Starks

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$247,574
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$424,233

Purchase Details

Closed on
Feb 12, 2004
Sold by
Jameson Juli and Gladney Juli Jameson
Bought by
Starks Van and Starks Millie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2003
Sold by
Gindney Jason E
Bought by
Gindney Juli Jameson

Purchase Details

Closed on
Jun 24, 2002
Sold by
Gozzard Gitti M
Bought by
Gladney Jason Evans and Gladney Juli Jameson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
6.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 1993
Sold by
Malakouti Lotfollah
Bought by
Gozzard Gitti M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- California Best Title
Grant Deed $360,000 First American Title Co
Interfamily Deed Transfer -- --
Grant Deed $157,000 First American Title Ins Co
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 New Conventional
Previous Owner $288,000 Commercial
Previous Owner $141,300 Commercial
Closed $35,995 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 Sold $550,000 -8.2% $282 / Sq Ft
08/21/2025 08/21/25 For Sale $599,000 0.0% $307 / Sq Ft
08/10/2025 08/10/25 Pending -- -- --
07/30/2025 07/30/25 Price Changed $599,000 -11.3% $307 / Sq Ft
07/16/2025 07/16/25 For Sale $675,000 +22.7% $346 / Sq Ft
07/09/2025 07/09/25 Off Market $550,000 -- --
06/30/2025 06/30/25 For Sale $675,000 +22.7% $346 / Sq Ft
06/29/2025 06/29/25 Off Market $550,000 -- --
06/11/2025 06/11/25 Price Changed $675,000 -3.4% $346 / Sq Ft
05/14/2025 05/14/25 Price Changed $699,000 -3.6% $358 / Sq Ft
05/02/2025 05/02/25 For Sale $725,000 -- $372 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,285 $486,158 $85,290 $400,868
2023 $5,285 $445,282 $81,979 $363,303
2022 $4,623 $404,801 $80,372 $324,429
2021 $4,220 $365,922 $78,797 $287,125
2020 $3,792 $326,716 $74,984 $251,732
2019 $3,687 $317,200 $72,800 $244,400
2018 $3,549 $305,000 $70,000 $235,000
2017 $3,274 $280,000 $70,000 $210,000
2016 $2,914 $260,000 $80,000 $180,000
2015 $2,915 $260,000 $80,000 $180,000
2014 $2,781 $245,000 $65,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25097570

California Regional Multiple Listing Service (CRMLS)

APN: 213-113-005