Two Parcels of Land! Don’t miss this rare opportunity in Riverside’s sought-after Highgrove community! This offering includes two adjacent parcels (each 4,356 sq. ft.), combining for nearly 8,800 sq. ft. of land. One parcel features a charming 3-bedroom, 1-bath home with a cozy living area, functional kitchen, and spacious yard. The adjoining lot is a blank canvas—perfect for building another home, adding an ADU, or creating your dream outdoor retreat. With incredible potential for expansion, this property is a true gem. Conveniently located near schools, shopping, dining, and freeway access, it provides both comfort today and opportunity for tomorrow. Seize this chance to own a home plus extra land in a growing Riverside neighborhood! Great opportunity for an investor or developer.
Sold for $480,000 on 12/05/25
Listing Provided by:
Matthew Almeida DRE #02221796 909-590-8853,
Re/Max Top Producers,
Zyon Urriza DRE #02239297,
Re/Max Top Producers
Bought with: Realty ONE Group Southwest
$480,000
245 Commercial Ave, Riverside, CA 92507
3beds
824sqft
Single Family Residence
Built in 1915
8,712 Square Feet Lot
$495,300 Zestimate®
$583/sqft
$2,312 Estimated rent
Home value
$495,300
$471,000 - $520,000
$2,312/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 04:09pm
Listing Provided by:
Matthew Almeida DRE #02221796 909-590-8853,
Re/Max Top Producers,
Zyon Urriza DRE #02239297,
Re/Max Top Producers
Bought with:
Doelisha Kelly, DRE #01923015
Realty ONE Group Southwest
Source: CRMLS,MLS#: TR25188340
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Features: Main Level Primary
Heating
- Central
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Laundry Room
Features
- Main Level Primary
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 824 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 8,712 sqft
- Features: 0-1 Unit/Acre
Details
- Additional parcels included: 247053013
- Parcel number: 247053012
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Riverside
Other
Other facts
- Listing terms: Cash,Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Sold | $480,000-4%$583/sqft |
Source:  CRMLS #TR25188340 Report a problem | ||
| 11/1/2025 | Pending sale | $499,999$607/sqft |
Source: CRMLS #TR25188340 Report a problem | ||
| 10/1/2025 | Contingent | $499,999$607/sqft |
Source: CRMLS #TR25188340 Report a problem | ||
| 8/27/2025 | Listed for sale | $499,999+85.2%$607/sqft |
Source: CRMLS #TR25188340 Report a problem | ||
| 1/10/2019 | Sold | $270,000$328/sqft |
Source:  CLAW #18380898 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,224 +8.6% | $317,729 +2% |
| 2024 | $3,888 +10.3% | $311,500 +2% |
| 2023 | $3,525 +1.9% | $305,393 +7.6% |
Find assessor info on the county website
Neighborhood: 92507
Nearby schools
GreatSchools rating
- 6/10Highgrove Elementary SchoolGrades: K-6Distance: 0.5 mi
- 6/10University Heights Middle SchoolGrades: 7-8Distance: 2 mi
- 5/10John W. North High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$495,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$495,300