2540 Monroe Street, Riverside, California 92504, Riverside, 92504 - 11 bed, 11 bath

2540 Monroe Street, Riverside, California 92504 home-pic-0

2540 Monroe Street

Riverside, California 92504

ACTIVE
CONDITION: GOOD
11Beds
11Baths
9,496Sq Ft
208,652Lot Size

Property Price

LIST PRICE$2,990,000

SUMMARY

Analysis of 2540 Monroe Street, Riverside, California 92504 is currently available with a list price of $2,990,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property features a main residence built in 2000, which is well-maintained and move-in ready. While the kitchen and some bathrooms in the main house show styles consistent with its age (e.g., dark granite, white tile, some older vanities), they are functional and clean. Many areas have updated wood-look laminate flooring. A significant factor is the separate guest house, built in 2022, which is virtually new with modern finishes, flooring, and contemporary bathrooms. This new construction elevates the overall condition, making the entire property functional, well-maintained, and not requiring immediate major renovations.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 208652, living area = 9496.

  • Extensive Living Space & Dual Residences

    Features a large main residence (8 beds/7.5 baths) and a separate, newer (2022) guest house (3 beds/3 baths), offering exceptional capacity for multi-generational living or guests.

  • Productive Agricultural Estate

    Sprawling 4.78-acre lot with a diverse array of mature, producing fruit trees (e.g., 150 orange, 60 avocado) and efficient irrigation via The Gage Canal, providing potential for income or self-sufficiency.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 9496, other record living area = 4741. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 11, other record bedroom count = 3.

  • High Maintenance Demands

    The expansive 4.78-acre lot with extensive fruit orchards will require significant ongoing time, effort, and cost for landscaping, agricultural care, and general property upkeep.

  • Niche Market Appeal

    The property's substantial size, dual residences, and agricultural features cater to a very specific buyer demographic, which could potentially limit the pool of interested buyers and extend market time.

About 2540 Monroe Street

Welcome to this exceptional private estate featuring a stunning main residence built in 2000, offering 8 bedrooms and 7.5 bathrooms with generous living spaces designed for comfort and functionality. Complementing the main home is a separate single-story guest house built in 2022, complete with 3 bedrooms and 3 bathrooms, ideal for extended family, guests, or multigenerational living. Situated on a sprawling 4.78-acre lot, the property boasts an impressive variety of mature, producing fruit trees, including approximately 150 orange trees, 60 avocado trees, 9 banana trees, as well as lemon, peach, dragon fruit, mango, apple, and persimmon trees. The agricultural trees are irrigated through The Gage Canal, adding significant long-term value and efficiency. The estate is exceptionally well suited for a large family compound, or potential use as a home care or daycare facility (buyer to verify all permitted uses with the city). Additional highlights include ample parking, RV and boat storage, and a fully fenced perimeter with automatic front gate, providing privacy, security, and convenience. Ideally located near the 91 Freeway and just minutes from Galleria at Tyler, Albertsons, Kaiser Permanente, and California Citrus State Park, this rare offering combines space, versatility, and location. Priced to sell—this is a truly rare opportunity with immense potential. Don’t miss it.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2000
Lot Size
208,652 Sq. Ft.

Interior

Total Bedrooms
11
Total Bathrooms
11 (11 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds11.03.0
99%
Baths11.02.0
99%
Square foot9,4961,540
99%
Lot Size208,6528,712
99%
Price$2.99M$620.0K
99%
Price per sq ft$315$412
5%
Built year20001959
86%
HOA$0$0
50%
Days on market30183
1%

Pricing History

Listed for Sale

Feb 5, 2026

$2,990,000

Initial Listing

Sold

Oct 30, 2002

$650,000

Public Record

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