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Prime 20± Acre Residential Development Opportunity – Riverside, CA 92507 Rare opportunity to acquire approximately 20 acres of residential development land in Riverside, strategically located near Valencia Hill Dr and Massachusetts Ave. The property consists of three parcels and offers a compelling opportunity for developers, custom-home builders, and land investors seeking a sizable residential site in an established Riverside location. The site has a history of prior subdivision planning that contemplated approximately 8 residential lots, highlighting the property's long-term development potential. With hillside residential characteristics, expansive acreage, and proximity to surrounding residential neighborhoods, the property may offer opportunities for custom homes, estate-style residential development, or other residential concepts, subject to current City requirements and buyer due diligence. Convenient access to major roadways, nearby schools, shopping, employment centers, and the greater Riverside market further enhances the property's investment appeal.
Listing agent: Silvia Zhang DRE #02089881 silviaz5587@gmail.com, Listing office: HARVEST REALTY DEVELOPMENT
MLS data updated 10/25/2026, 7:00:28 AM PT
Source: CRMLS, MLS #: WS26201277
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 14, 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
$1,299,000Original asking price · Sep 14, 2026ZIP 92507 · Sep 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.