Sold
Last Sold Price
4 beds4 baths1,980 sqft

2576 Lime St, Riverside, CA 92501

Multi FamilyProperty Type
0.23 acresLot Size
1984Year Built
$404/sq ftPrice per sq ft
8 carsParking Spaces

Description

Welcome to this prime duplex investment opportunity located at 2576 - 2578 Lime Street, Riverside, CA! This well-maintained property features two separate units, each offering 2 spacious bedrooms and 2 full bathrooms, complete with their own electric and gas meters for easy management. Both units include in-unit laundry, central heating and air conditioning, and newer flooring throughout. The entire roof was recently replaced in 2021, ensuring a worry-free investment for years to come. The property...Welcome to this prime duplex investment opportunity located at 2576 - 2578 Lime Street, Riverside, CA! This well-maintained property features two separate units, each offering 2 spacious bedrooms and 2 full bathrooms, complete with their own electric and gas meters for easy management. Both units include in-unit laundry, central heating and air conditioning, and newer flooring throughout. The entire roof was recently replaced in 2021, ensuring a worry-free investment for years to come. The property offers ample parking with space for up to 4 vehicles, including a 1-car garage, 1 covered carport space, and 2 additional uncovered parking spots for each unit. Situated on a large 10,019 sq. ft. lot, just shy of a quarter acre, there’s potential for future expansion. The existing garages can potentially be converted into additional units or an ADU, subject to local building codes and regulations. Located in an excellent area, this property is just minutes from major freeways, making commuting a breeze. It’s also conveniently close to Downtown Riverside, where you can enjoy a variety of dining, shopping, and entertainment options. With extremely low monthly expenses— averaging $40/month for water/sewage, $40/month for landscaping, and a $55 bi-monthly pest control service—this property is perfect for an investor seeking immediate cash flow. Both units are tenant-occupied, providing steady rental income from day one. Don’t miss out on this incredible opportunity to own a versatile, income-generating property in a desirable Riverside location! Contact us today for more details.
  • Listed by: Anthony Tafesh DRE #02053014 Brokerage DRE #01884917 • KELLER WILLIAMS SIGNATURE RLTY 909-764-7346
Listing closed: 11/06/2024 12:00 AM • Source: CRMLS, MLS#: CV24209676
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Recent comparable sales

Median sold price

$675,000

Avg days on market

71

Sale-to-list ratio

96.4%

Riverside, CA

9 comparable properties found

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Square Feet
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Location

Listing Courtesy of KELLER WILLIAMS SIGNATURE RLTY, Anthony Tafesh, DRE #02053014

Sold By The Brokerage, Sammer Mudawar, DRE #01723613

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30 year fixed, 7.03% Interest

Principal and Interest

$4,271

Property Taxes

$745

HOA Dues

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Property Information for 2576 Lime Street

Property Details

  • MLS Type: Residential Income
  • View: Neighborhood
  • Parking Spaces Total: 8
  • Private Pool: No
  • Cooling Type: Central Air
  • Total Units: 2.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 1980
  • Assessor Parcel Number: 209-142-006
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area: 990
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 1980
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Entry Level: 1
  • Fireplace: No
  • Pool: No
  • Spa: No
  • View: Yes
  • View: Yes
  • Association: No
  • Association Fee: $.00
  • Zoning: R2
  • Senior Community: No
  • Parcel Number: 209142006
  • Area: Riverside (252)
  • Directions: From the 60 freeway, take Main St to Spruce and turn left. Right on Orange St. Left on holding St. Right on Lime St.

Building Information

  • Stories: 1
  • Year Built: 1984
  • Lot Size: 0.23 AC / 10,019 SF

Rental Info

Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection

Income / Expense / Tax Details

Income Details
  • Gross Income: $47,400
  • Gross Scheduled Income: $47,400
  • Net Operating Income: $46,110
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $1,290
  • Gardener Expense: $480
  • Electric Expense: $0
  • Insurance Expense: $833
  • Trash Expense: $0
  • Water Sewer Expense: $480
  • Total Expenses: $1,793
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 301.03
  • CFD/Mello-Roos Fee: $65
  • Tax Lot: 18

Community / Development

Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Property / Structure Info

Interior Features
  • Appliances: Gas Range, Water Heater
  • Equipment: Gas Or Electric Dryer Hookup, Inside, Room
  • Interior Features: Ceiling Fan(s)
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Laminate
  • Flooring: Laminate
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: Front
  • Fence: Yes
  • Fence: Chain Link, Wood, Wrought Iron
  • Fencing: Chain Link, Wood, Wrought Iron
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft, Sprinkler System
  • Direction Faces: Northwest
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Carport, Garage, Gated
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 2
  • Carport Spaces: 2
  • Parking Features: Carport, Garage, Gated

Unit Information

Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 0

Property History for 2576 Lime Street

DateEvent & SourcePriceAppreciation
Nov 6, 2024

Sold

SDMLS #CV24209676

$800,000—
Nov 6, 2024

Sold

CLAW #CV24209676MR

$800,000—
Nov 6, 2024

Sold

CRMLS #CV24209676

$800,000—
DateEvent & SourcePrice
11/06/2024

Sold

SDMLS #CV24209676

$800,000
11/06/2024

Sold

CLAW #CV24209676MR

$800,000
11/06/2024

Sold

CRMLS #CV24209676

$800,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

2576 Lime Street

Beds

4

Baths

4

Total Finished SqFt

1,980 SqFt

Above Grade Finished SqFt

1,980 SqFt

Stories

1

Lot Size

10,019 SqFt

Schools near 2576 Lime Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Fremont Elementary School
PublicK to 6

Central Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Riverside Virtual School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2576 Lime Street, Riverside, CA 92501
$800,000
4
4
1,980
10,019
$600,000
2
4
1,980
10,019
–
6
4
2,096
9,583
$355,000
3
950
5,663
$275,000
2
590
6,534
–
3
1.75
1,614
6,534

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS SIGNATURE RLTY, Anthony Tafesh, DRE #02053014

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.