10648 Cypress, Riverside, California 92505, Riverside, 92505 - 2 bed, 2 bath
10648 Cypress
Riverside, California 92505
Property Price
SUMMARY
Analysis of 10648 Cypress, Riverside, California 92505 is currently available with a list price of $1,999,900. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
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prevents a detailed assessment of these key areas, but the overall age and stated need for updates strongly suggest an outdated and deteriorated condition.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 10648 Cypress
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 231,739 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,317 | 1,483.5 | 30% |
| Lot Size | 231,739 | 7,841 | 99% |
| Price | $2.00M | $640.0K | 99% |
| Price per sq ft | $1.5K | $427 | 99% |
| Built year | 1948 | 1977 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 106 | 176 | 22% |
Pricing History
Listed for Sale
Nov 21, 2025
$1,999,900
Initial Listing