2576 Lime St
Riverside, CA 92501

$800,000

Last Sold Price

Beds

Baths

1,980 Sq. Ft.

$404 / Sq. Ft.

1,980

Sq. Ft.

$404

per Sq. Ft.

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Closed 11/6/24

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

Property Details for 2576 Lime Street

View

Neighborhood

Parking Spaces Total

Private Pool

Cooling Type

Central Air

Total Units

2.0

Building Type

Detached

Lot Size Source

Assessor

Living Area

1980

LISTING UPDATED: 11/06/2024 05:41 AM

Property Details for 2576 Lime Street

Status	Closed
MLS #	CV24209676
Days on Market	1
Taxes	-
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income
Year Built	1984
Lot Size	0.23 AC / 10,019 SF
County	Riverside County

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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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Building Information for 2576 Lime Street

Stories1Residences-Year Built1984Building Size-Lot Size0.23 AC / 10,019 SF

Payment Calculator

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$4,773 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,028

Property Taxes

$745

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 2576 Lime Street

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

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

Date	Event & Source	Price	Appreciation
Nov 6, 2024	Sold CLAW #CV24209676MR	$800,000	—
Nov 6, 2024	Sold SDMLS #CV24209676	$800,000	—
Nov 6, 2024	Sold CRMLS #CV24209676	$800,000	—
Oct 18, 2024	Sold (Public Record) Public Record #1544489695	$800,000	+9.0% / yr
Oct 17, 2024	Pending CRMLS #CV24209676		—
Oct 9, 2024	Listed (Active) CRMLS #CV24209676	$799,900	—
Oct 9, 2024	Pending CLAW #CV24209676MR		—
Oct 9, 2024	Pending SDMLS #CV24209676		—
Oct 9, 2024	Listed (Active) CLAW #CV24209676MR	$799,900	—
Oct 9, 2024	Listed (Active) SDMLS #CV24209676	$799,900	—
Jul 30, 2021	Sold SDMLS #IV21120571	$600,000	—
Jun 11, 2021	Sold (Public Record) Public Record #1467911702	$600,000	—
Jun 9, 2021	Pending SDMLS #IV21120571		—
Jun 4, 2021	Listed (Active) SDMLS #IV21120571	$589,900	—

Date	Event & Source	Price
11/06/2024	Sold CLAW #CV24209676MR	$800,000
11/06/2024	Sold SDMLS #CV24209676	$800,000
11/06/2024	Sold CRMLS #CV24209676	$800,000
10/18/2024	Sold (Public Record) Public Record #1544489695	$800,000 +9.0% / yr
10/17/2024	Pending CRMLS #CV24209676	—
10/09/2024	Listed (Active) CRMLS #CV24209676	$799,900
10/09/2024	Pending CLAW #CV24209676MR	—
10/09/2024	Pending SDMLS #CV24209676	—
10/09/2024	Listed (Active) CLAW #CV24209676MR	$799,900
10/09/2024	Listed (Active) SDMLS #CV24209676	$799,900
07/30/2021	Sold SDMLS #IV21120571	$600,000
06/11/2021	Sold (Public Record) Public Record #1467911702	$600,000
06/09/2021	Pending SDMLS #IV21120571	—
06/04/2021	Listed (Active) SDMLS #IV21120571	$589,900

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

Public Records for 2576 Lime Street

Taxable ValueLand$240,000Additions$560,000Total$800,000

Tax Record2025$8,942 ($745 / month)

Home Facts

Beds4Baths4Total Finished SqFt1,980 SqFtAbove Grade Finished SqFt1,980 SqFtStories1Lot Size10,018 SqFtStyleSingle Family ResidenceYear Built1984Year Renovated1985ZoningR2CountyRIVERSIDEAPN209-142-006Fireplace TypeHas Fireplace

Schools near 2576 Lime Street

This home is within Riverside Unified School District.


Rating	School	Type	Grades	Distance
5/10	Fremont Elementary School	Public - Serves this home	K to 6	0.5 mi
4/10	Central Middle School	Public - Serves this home	7 to 8	1.9 mi
6/10	Polytechnic High School	Public - Serves this home	9 to 12	2.7 mi
7/10	Riverside Virtual School	Public - Nearby school	K to 12	1.3 mi
2/10	Abraham Lincoln Continuation School	Public - Choice school	9 to 12	1.4 mi
9/10	Riverside STEM Academy	Public - Choice school	5 to 12	3.3 mi


Rating	School	Distance
5/10	Fremont Elementary School PublicK to 6 Serves this home	0.5 mi
4/10	Central Middle School Public7 to 8 Serves this home	1.9 mi
6/10	Polytechnic High School Public9 to 12 Serves this home	2.7 mi
7/10	Riverside Virtual School PublicK to 12 Nearby school	1.3 mi
2/10	Abraham Lincoln Continuation School Public9 to 12 Choice school	1.4 mi
9/10	Riverside STEM Academy Public5 to 12 Choice school	3.3 mi

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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.

2576 Lime StRiverside, CA 92501

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2576 Lime St
Riverside, CA 92501