Seller's Agent in 2024
Anthony Tafesh
PINNACLE REAL ESTATE GROUP
(626) 964-5500
1 in this area
78 Total Sales
2576 Lime St Riverside, CA 92501
Downtown Riverside NeighborhoodEstimated Value: $718,000 - $1,013,000
4
Beds
4
Baths
1,980
Sq Ft
$407/Sq Ft
Est. Value
Highlights
- Gated Parking
- Neighborhood Views
- Laundry Room
- No HOA
- Double Pane Windows
- Central Heating and Cooling System
About This Home
As of November 2024Welcome 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.
Last Agent to Sell the Property
PINNACLE REAL ESTATE GROUP Brokerage Phone: 909-764-7346 License #02053014 Listed on: 10/09/2024
Last Buyer's Agent
Sammer Mudawar
The Brokerage License #01723613
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 10,019 Sq Ft Lot
- No Common Walls
- Northwest Facing Home
- Wrought Iron Fence
- Wood Fence
- Chain Link Fence
- Sprinkler System
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- 4 Open Parking Spaces
- 2 Carport Spaces
- Parking Available
- Gated Parking
Home Design
- Duplex
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 1,980 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Double Pane Windows
- Laminate Flooring
- Neighborhood Views
- Gas Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 18
- Assessor Parcel Number 209142006
- $65 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Gardener Expense $480
- Insurance Expense $833
- Water Sewer Expense $480
- Operating Expense $1,793
- Gross Income $47,400
- Net Operating Income $46,110
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 23, 2025
Sold by
Sahagian Justin-Jay
Bought by
Hye Real Estate Llc
Current Estimated Value
Purchase Details
Listed on
Oct 9, 2024
Closed on
Oct 18, 2024
Bought by
Sahagian Justin-Jay
Seller's Agent
Anthony Tafesh
PINNACLE REAL ESTATE GROUP
Buyer's Agent
Sammer Mudawar
The Brokerage
List Price
$799,900
Sold Price
$800,000
Premium/Discount to List
$100
0.01%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.71%
Original Mortgage
$640,000
Interest Rate
6.08%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 11, 2021
Sold by
Davison William E and Davison Linda G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
2.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 3, 1999
Sold by
Davison William E and Davison Linda G
Bought by
Davison William E and Davison Linda G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,250
Interest Rate
6.78%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 19, 1997
Sold by
Davison Linda G and Pitt Linda G
Bought by
Davison William E and Davison Linda G
Purchase Details
Closed on
Jan 13, 1997
Sold by
Pitt Linda G and Pitt Linda G
Bought by
Davison William E and Davison Linda G
Purchase Details
Closed on
Jul 25, 1995
Sold by
Cerda Guillermina
Bought by
Hernandez Nicolas Cerda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,804
Interest Rate
7.62%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 26, 1995
Sold by
Hud
Bought by
Hernandez Nicolas Cerda and Martinez Roberto
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,804
Interest Rate
7.62%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hye Real Estate Llc | -- | None Listed On Document | |
| Sahagian Justin-Jay | $800,000 | Wfg National Title | |
| -- | $600,000 | First American Title Company | |
| Davison William E | -- | First American Title Co | |
| Davison William E | -- | -- | |
| Davison William E | -- | -- | |
| Hernandez Nicolas Cerda | -- | First American Title Ins Co | |
| Hernandez Nicolas Cerda | $65,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sahagian Justin-Jay | $640,000 | |
| Previous Owner | Kahnamelli Farzad | $450,000 | |
| Previous Owner | Davison William E | $87,250 | |
| Previous Owner | Hernandez Nicolas Cerda | $63,804 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2024 11/06/24 | Sold | $800,000 | 0.0% | $404 / Sq Ft |
| 10/09/2024 10/09/24 | Pending | -- | -- | -- |
| 10/09/2024 10/09/24 | For Sale | $799,900 | -- | $404 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $6,896 | $800,000 | $240,000 | $560,000 |
| 2023 | $6,896 | $611,999 | $153,002 | $458,997 |
| 2022 | $6,739 | $600,000 | $150,002 | $449,998 |
| 2021 | $2,790 | $242,668 | $58,921 | $183,747 |
| 2020 | $2,769 | $240,180 | $58,317 | $181,863 |
| 2019 | $2,717 | $235,472 | $57,174 | $178,298 |
| 2018 | $2,665 | $230,855 | $56,054 | $174,801 |
| 2017 | $2,618 | $226,329 | $54,955 | $171,374 |
| 2016 | $2,452 | $221,892 | $53,878 | $168,014 |
| 2015 | $2,417 | $218,562 | $53,070 | $165,492 |
| 2014 | $2,395 | $214,283 | $52,032 | $162,251 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Tafesh
-
S
Buyer's Agent in 2024
Sammer Mudawar
The Brokerage
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24209676
APN: 209-142-006
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