10648 Cypress, Riverside, California 92505, Riverside, 92505 - 2 bed, 2 bath
ACTIVE$1,999,900
10648 Cypress, Riverside, California 92505
2Beds
2Baths
1,317Sqft
231,739Lot
Year Built
1948
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,519
HOA
-
Days on market
-
Sold On
-
MLS number
CV25259127
Home ConditionPoor
Features
Good View: Hills, Mountain(s), Panoramic, Trees/Woods
ViewHills, Mountain(s), Panoramic, Trees/Woods
About this home
We found 3 Cons,6 Pros. Rank: price - $2.00M(99th), sqft - 1317(34th), beds - 2(11th), baths - 2(50th).
Discover endless possibilities with this rare 5-acre property in Riverside! Featuring a 1,300 sq ft single-family residence, this versatile lot offers both residential comfort and business potential. Part of the land is currently leased to a nursery, providing steady income while leaving plenty of open space for additional uses or future development. The property includes its own water well, making it ideal for agricultural, nursery, or other commercial ventures. Conveniently located near major roads and city amenities, this is a unique opportunity to own expansive land with limitless potential in a highly desirable area.
Price History
Date
Event
Price
11/21/25
Listing
$1,999,900
Condition Rating
Poor
The residence was built in 1948, making it 76 years old. The MLS listing's property analysis explicitly states that the house 'may require significant updates.' Given its age and the need for substantial updates, it is highly probable that the property requires significant repairs and rehabilitation, aligning with the 'poor' condition criteria. The absence of interior images, particularly of the kitchen and bathrooms, prevents a detailed assessment of these key areas, but the overall age and stated need for updates strongly suggest an outdated and deteriorated condition.
Pros & Cons
Pros
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 = 231739, living area = 1317.
Expansive Land & Development Potential: A rare 5-acre parcel (231,739 sq ft) offering significant space for future development, expansion, or diverse uses, making it a valuable asset for long-term investment.
Income-Generating Asset: Part of the land is currently leased to a nursery, providing immediate and steady income, which enhances the property's financial viability and appeal.
Versatile Commercial/Agricultural Potential: The property's versatile nature allows for both residential comfort and business potential, ideal for agricultural, nursery, or other commercial ventures.
Private Water Well: Includes its own private water well, offering independence from municipal water sources and potential cost savings, especially beneficial for agricultural or commercial operations.
Desirable Location & Panoramic Views: Conveniently located near major roads and city amenities in a highly desirable area, complemented by panoramic views of hills, mountains, and trees.
Cons
Modest Residence Size & Age: The existing 1,317 sq ft, 2-bed, 2-bath residence built in 1948 is relatively small for a 5-acre property and may require significant updates or not align with the land's overall potential.
High Price Point for Existing Structure: The nearly $2M list price is primarily driven by the land's size and development potential, which might be a barrier for buyers solely seeking a residential home without commercial or investment interests.
Potential for Extensive Development Costs: While offering significant development potential, realizing this potential will likely involve substantial investment in planning, permits, and construction, adding to the overall cost.