Welcome to a rare opportunity to own in a well-established and highly desirable neighborhood. Offering generous space and endless potential, this home is perfect for those looking to create their dream living environment while building long-term value. The property features a functional layout suited for a variety of uses, offering the ability to customize the space to fit your specific needs. A standout feature is the second attached lot, providing additional room for storage, parking, or future development—an uncommon advantage that adds significant value and versatility. Enjoy a prime location close to major freeways, popular dining spots, and daily conveniences, making everyday living effortless. Whether you're a first-time buyer or looking for a home with long-term potential, this property presents an excellent opportunity in one of Riverside’s up-and-coming areas. Don’t miss the chance to make this home your own in a well-connected and thriving neighborhood.
Sold for $480,000
Listed by: Real Broker • Justin Tye • Contact: 949-381-8581
Bought with: SMART SELL REAL ESTATE
$480,000
245 Commercial Ave, Riverside, CA 92507
3beds
824sqft
Single Family Residence
Built in 1915
8,712 Square Feet Lot
$479,100 Zestimate®
$583/sqft
$2,466 Estimated rent
Home value
$479,100
$455,000 - $503,000
$2,466/mo
Zestimate® history
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$3,047/mo
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Zillow last checked:
Listing updated:
Listed by:
Justin Tye DRE #01728694 JT@ActiveRealty.com,
Real Broker,
Listing Team: Justin Tye Team-Active..., Co-Listing Agent: Ileana Campos DRE #02251240 714-369-3566,
Real Brokerage Technologies, Inc.
Bought with:
Maria Ochoa, DRE #00915660
SMART SELL REAL ESTATE
Source: CRMLS,MLS#: OC26059015
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
Rooms
- Room types: Bedroom, Family Room, Kitchen
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Tub Shower
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Range, Refrigerator
- Laundry: None
Features
- Eat-in Kitchen, Recessed Lighting, All Bedrooms Down
- Flooring: Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 824 sqft
Property
Parking
- Parking features: Driveway
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Patio & porch: None
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 8,712 Square Feet
- Features: 0-1 Unit/Acre, Back Yard, Front Yard, Yard
Details
- Parcel number: 247053012
- 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
- Utilities for property: Natural Gas Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $583/sqft
- Tax assessed value: $317,729
- Annual tax amount: $4,224
- Date on market: 3/19/2026
- Cumulative days on market: 50 days
- Listing terms: Cash,Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Sold | $480,000$583/sqft |
Source:  CRMLS #OC26059015 Report a problem | ||
| 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 | ||
| 10/13/2018 | Pending sale | $270,000$328/sqft |
Source: Dynasty Real Estate #18380898 Report a problem | ||
| 10/9/2018 | Price change | $270,000+1.9%$328/sqft |
Source: Dynasty Real Estate #18380898 Report a problem | ||
| 9/13/2018 | Price change | $265,000-1.5%$322/sqft |
Source: Dynasty Real Estate #18380898 Report a problem | ||
| 9/7/2018 | Price change | $269,000-3.6%$326/sqft |
Source: Dynasty Real Estate #18380898 Report a problem | ||
| 8/30/2018 | Listed for sale | $279,000+43.1%$339/sqft |
Source: Dynasty Real Estate #18380898 Report a problem | ||
| 2/21/2018 | Sold | $195,000-9.3%$237/sqft |
Source: Public Record Report a problem | ||
| 1/18/2018 | Pending sale | $215,000$261/sqft |
Source: Remax Real Pros #IG17278822 Report a problem | ||
| 1/17/2018 | Price change | $215,000-20.3%$261/sqft |
Source: Remax Real Pros #IG17278822 Report a problem | ||
| 12/23/2017 | Listed for sale | $269,900$328/sqft |
Source: Remax Real Pros #IG17278822 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% |
| 2022 | $3,458 +7.1% | $283,815 +2% |
| 2021 | $3,228 +0.8% | $278,251 +1% |
| 2020 | $3,204 +36.1% | $275,399 +38.5% |
| 2019 | $2,354 +709.2% | $198,900 +1359.6% |
| 2018 | $291 +1% | $13,627 +2% |
| 2017 | $288 | $13,360 +2% |
| 2016 | $288 +4.2% | $13,099 +1.5% |
| 2015 | $277 +0.5% | $12,905 +2% |
| 2014 | $275 | $12,655 +0.4% |
| 2013 | -- | $12,600 +2% |
| 2012 | -- | $12,354 +2% |
| 2011 | -- | $12,113 +0.7% |
| 2010 | -- | $12,024 -0.2% |
| 2009 | -- | $12,054 +2% |
| 2008 | -- | $11,819 +2% |
| 2007 | -- | $11,588 +2% |
| 2006 | -- | $11,362 +2% |
| 2005 | -- | $11,141 +3.9% |
| 2003 | -- | $10,726 +2% |
| 2002 | -- | $10,516 +2% |
| 2001 | $245 +0.8% | $10,310 +2% |
| 2000 | $243 | $10,109 |
Find assessor info on the county website
Neighborhood: 92507
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Nearby schools
GreatSchools rating
- 4/10Highgrove Elementary SchoolGrades: K-6Distance: 0.5 mi
- 5/10University Heights Middle SchoolGrades: 7-8Distance: 2 mi
- 5/10John W. North High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$479,100
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
$479,100
- California
- Riverside County
- Riverside
- 92507
- 245 Commercial Ave
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