Movoto Real Estate
Sold on 11/06/2024
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2576 Lime St, Riverside, CA 92501

$939,000

Last sold 11/06/2024 for $800K

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    bed

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    bath

Multi-family not for sale

About 2576 Lime St

Property type Multi-family
Neighborhood
Year built 1984
HOA fee $0/month
Lot size 10,019 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property 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 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
Listing Agent - Anthony Tafesh
Listing Agent Contact: 909-764-7346
Listing Office - KELLER WILLIAMS SIGNATURE RLTY
Source: CRMLS mls logo
MLS#CV24209676 • last updated 1 year ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Duplex
Status Closed
Lot Size (Acres) 0.23
Lot Size (SqFt) 10019
Year Built 1984
Condition Turnkey
Interior
Flooring Laminate
Appliances Gas Range, Water Heater
Interior Features Ceiling Fan(s)
Accessibility Features None
Window Features Double Pane Windows
Exterior
Foundation Slab
Construction Stucco
Building Area Square Feet, 1980
Roof Shingle
Parking Carport, Garage, Gated
# Uncovered Spaces 4
# Carport Spaces 2
# Parking Spaces 8
# Garage Spaces 2
Lot Description 2-5 Units/Acre, Lot 10000-19999 Sqft, Sprinkler System
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Spa None
Pool None
Location
View Neighborhood
County Riverside
Community Features Curbs, Sidewalks, Storm Drains, Street Lights
Zoning R2
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.
APN 209142006
Multifamily Details
Operating Expense 1290
Expense: Insurance 833
Total Expenses 1793
Expense: Water/ Sewer 480
Gross Income 47400
Gross Scheduled Income 47400
Expense: Gardener 480
Lot/ Land Details
Road Frontage City Street
$939K
Range: $826K-$1.05M
Last 30 days 
Rental est.: $1,628/month
Gross rent multiplier: 41.0
  • Jun 2021
    mls logo MLS # IV21120571
  • Jun 9, 2021 Pending
    —
  • Jun 4, 2021 Listed
    $589,900
  • Year Property taxes Tax assessment
  • 2024
    $6,896 +0.4%
    $800,000 +30.72%
  • 2023
    $6,866 +1.9%
    $611,999
  • 2022
    $6,739 +141.6%
    $611,999 +152.2%
  • 2021
    $2,790 +0.8%
    $242,668
  • 2020
    $2,769 +1.9%
    $242,668 +1.04%
  • 2019
    $2,717 +2.0%
    $240,180 +2.0%
  • 2018
    $2,665 +1.8%
    $235,472 +2.0%
  • 2017
    $2,618 +6.8%
    $230,855 +4.04%
  • 2016
    $2,452 +1.4%
    $221,892
  • 2015
    $2,417
    —
  • 2576 Lime St
    $800K
  • 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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