10702 Cypress, Riverside, California 92505, Riverside, 92505 - 7 bed, 2 bath
ACTIVE$6,000,000
10702 Cypress, Riverside, California 92505
7Beds
2Baths
1,937Sqft
226,076Lot
Year Built
1960
Close
-
List price
$6M
Original List price
$6M
Price/Sqft
$3,098
HOA
-
Days on market
-
Sold On
-
MLS number
IG25236887
Home ConditionTear down
Features
Good View: Hills, Neighborhood
ViewHills, Neighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $6.00M(50th), sqft - 1937(50th), beds - 7(50th), baths - 2(50th).
DEVELOPMENT OPPORTUNITY!! This is a MASSIVE FLAT LOT on Cypress & Mitchell with Access on both sides of the Property - VALUE IN LAND * * Previously used as a STONE Manufacturing Facility. Has (2) Structures for Possible Offices or Tear Down and Re-Build * * This is the PERFECT LOT for the Developer or Investor! Owners believe the Lot SIZE is 8 Acres Approximately - SEND ALL OFFERS!!
Price History
Date
Event
Price
10/15/25
Listing
$6,000,000
Condition Rating
Tear down
The listing explicitly states 'VALUE IN LAND' and suggests 'Tear Down and Re-Build' for the existing structures. The property was built in 1960, making it over 50 years old. The aerial images show a large, mostly undeveloped lot with older, utilitarian buildings, consistent with its past use as a manufacturing facility. The property's value is clearly based on the land and its potential for redevelopment, not the existing structures, which are implied to be beyond repair or not suitable for current use.
Pros & Cons
Pros
Development Opportunity: Explicitly marketed as a 'DEVELOPMENT OPPORTUNITY' and 'PERFECT LOT for the Developer or Investor!', highlighting its primary value proposition.
Massive Flat Lot: The property boasts a 'MASSIVE FLAT LOT', which significantly simplifies construction and reduces site preparation costs for development.
Dual Street Access: Benefiting from access on both Cypress and Mitchell, this dual street frontage enhances logistical flexibility and potential for subdivision or multiple access points.
Mixed-Use Zoning Potential: Designated as 'Mixed Use', the property offers broad flexibility for various commercial, residential, or combined development projects.
Substantial Land Size: With a recorded lot size of 226,076 sqft (approximately 5.19 acres), this large parcel provides ample space for significant development projects.
Cons
Lot Size Discrepancy: There is a notable discrepancy between the stated '8 Acres Approximately' in the description and the recorded 'lot_size' of 226,076 sqft (approx 5.19 acres), requiring immediate verification.
Condition of Existing Structures: The description suggests 'Tear Down and Re-Build' for the 1960-built structures, indicating they are likely functionally obsolete or in poor condition, necessitating demolition costs.
Potential Environmental Concerns: Previous use as a 'STONE Manufacturing Facility' may necessitate environmental due diligence (e.g., soil testing) to assess potential contamination, adding cost and time to development.