2540 Monroe Street, Riverside, California 92504, Riverside, 92504 - 11 bed, 11 bath
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Riverside, California 92504
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.
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.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 11.0 | 3.0 | 99% |
| Baths | 11.0 | 2.0 | 99% |
| Square foot | 9,496 | 1,522 | 99% |
| Lot Size | 208,652 | 8,276 | 99% |
| Price | $2.99M | $620.0K | 99% |
| Price per sq ft | $315 | $412 | 7% |
| Built year | 2000 | 1960 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 201 | 6% |
Feb 5, 2026
$2,990,000
Initial Listing
Oct 30, 2002
$650,000
Public Record