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Prime Riverside investment and redevelopment opportunity with C-O (Commercial Office) zoning! Situated on a high-visibility corridor surrounded by established residential neighborhoods, newer development, and ongoing revitalization, this unique property is currently configured as a legal nonconforming residence, offering a rare combination of residential use and commercial zoning. Ideal for investors, developers, owner-users, contractors, or business professionals seeking a strategic location with long-term upside. Situated on an approximately 6,534 sq. ft. lot, the existing structure presents an excellent value-add opportunity with the potential to renovate, modernize, or reimagine the property. The C-O zoning provides added flexibility for a variety of potential office and commercial uses, while the existing legal nonconforming residential status creates a unique opportunity not often found in the marketplace. Conveniently located just minutes from Downtown Riverside, UCR, shopping, dining, employment centers, and major transportation routes, this property is well positioned in one of Riverside’s growing corridors. Whether you’re looking for your next investment project, a future business location, or a property with redevelopment potential, this versatile property offers significant possibilities. Buyer to independently verify legal nonconforming status, zoning, permitted uses, land use, permits, and all development possibilities with the City of Riverside and other appropriate governmental agencies.
Listing agent: Michael Jameson DRE #02212140 mikejameson@kw.com, Listing office: KELLER WILLIAMS REALTY COLLEGE PARK
MLS data updated 10/16/2026, 9:00:18 PM PT
Source: CRMLS, MLS #: CV26149024
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 1, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$699,000Original asking price · Jun 1, 2026ZIP 92507 · Jun 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.