Prime Development Opportunity: 0.41-Acre Commercial Retail (CR) Lot.
Unlock incredible investment potential with this 18,295 sq. ft. commercial retail-zoned property featuring an existing single-family residence. Centrally located in a high-demand, mixed-use area, this fully fenced and gated site offers an ideal canvas for retail sales, professional offices, or a custom commercial center.
Property Highlights.
• Lot Size: 18,295 sq. ft. (0.41 Acres).
• Zoning: Commercial Retail (CR) — allows for a broad range of indoor retail sales, services, office uses, stand-alone businesses, or multi-tenant commercial centers (some uses subject to CUP).
• Existing Structures: A 735 sq. ft. single-family residence and a separate 200 sq. ft. storage building.
• Parking Ready: 15 standard parking stalls plus 2 designated handicap spaces for clients.
• Security: Fully fenced and gated perimeter for maximum security and peace of mind.
Strategic & High-Traffic Location.
• Surrounding Neighborhood: Encircled by high-density residential properties, including apartment buildings and single-family homes, ensuring a built-in local customer base.
• Major Nearby Employer: Backs directly up to UTC Aerospace Systems, a massive aerospace and storage facility.
• Established Commercial Neighbors: Auto Trans Factory, Inland Towing, Arlington Self Storage, and U-Haul.
• Local Amenities: Minutes from Walmart, Arlanza Family Health Center, Starbucks,
For sale
Listed by: EVERGREEN HOMES • OGIE OBASEKI • 951-732-2998
$999,999
7895 Cypress Ave, Riverside, CA 92503
3beds
735sqft
Single Family Residence
Built in 1953
0.42 Acres Lot
$983,100 Zestimate®
$1,361/sqft
$-- HOA
What's special
- 6 days
- 56
- 2
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
OGIE OBASEKI DRE #01025196 951-732-2998,
EVERGREEN HOMES,
Derek Gong DRE #01991499,
eHomes
Source: CRMLS,MLS#: IV26234836
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Heating
- None
Cooling
- Central Air
Appliances
- Laundry: None
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 735 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 0.42 Acres
- Features: 0-1 Unit/Acre
Details
- Parcel number: 151140030
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $1,361/sqft
- Tax assessed value: $487,138
- Date on market: 10/31/2026
- Cumulative days on market: 6 days
- Listing terms: Cash to New Loan,Conventional
Estimated market value
$983,100
$934,000 - $1.03M
$2,580/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2026 | Listed for sale | $999,999+69.5%$1,361/sqft |
Source: | ||
| 2/17/2019 | Listing removed | $590,000$803/sqft |
Source: WESTCOE REALTORS INC #IV18172368 Report a problem | ||
| 7/17/2018 | Listed for sale | $590,000$803/sqft |
Source: WESTCOE REALTORS INC #IV18172368 Report a problem | ||
| 3/27/2018 | Listing removed | $590,000$803/sqft |
Source: EVERGREEN HOMES #IV18050479 Report a problem | ||
| 3/13/2018 | Price change | $590,000-4.8%$803/sqft |
Source: EVERGREEN HOMES #IV18050479 Report a problem | ||
| 3/6/2018 | Listed for sale | $620,000$844/sqft |
Source: EVERGREEN HOMES #IV18050479 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $487,138 +2% |
| 2025 | $5,965 +3.2% | $477,587 +2% |
| 2024 | $5,778 +1.5% | $468,223 +2% |
| 2023 | $5,690 +6.4% | $459,043 +2% |
| 2022 | $5,349 +1.7% | $450,044 +2% |
| 2021 | $5,262 +1.6% | $441,221 +1% |
| 2020 | $5,178 +1.3% | $436,697 +2% |
| 2019 | $5,111 +1.4% | $428,135 +2% |
| 2018 | $5,040 -16.5% | $419,741 +2% |
| 2017 | $6,033 | $411,512 +2% |
| 2016 | $6,033 +25.8% | $403,444 +1.5% |
| 2015 | $4,796 +0.3% | $397,386 +2% |
| 2014 | $4,781 | $389,603 +0.5% |
| 2013 | -- | $387,844 +2% |
| 2012 | -- | $380,240 +2% |
| 2011 | -- | $372,785 +0.8% |
| 2010 | -- | $370,000 |
Find assessor info on the county website
Monthly payment
Est. payment




