2961 11th, Riverside, CA 92507
2961 11th, Riverside, CA 92507
Property Description
NO BLIND OFFERS will be entertained: SEE ATTACHMENTS: AMAZING OPPORTUNITY IN RIVERSIDE! This unique 8,712 sq. ft. parcel, zoned RA-1 7000, offers an exciting combination of residential use, business potential, and future income possibilities. Currently has an approximately 700 sq. ft., 3-bedroom, 1-bath residence on sight. The property provides an excellent opportunity for an owner-user, investor, or entrepreneur looking for flexibility and upside. The property originally featured two residences on the lot, with one having been demolished several years ago. Depending upon applicable City of Riverside requirements and approvals, the additional residence may offer an opportunity for future redevelopment, adding even greater potential to this already versatile property. Imagine living on-site while operating your business, utilizing the property as an income-producing investment, or exploring future development opportunities. With its generous lot size and M-2 zoning, this property offers possibilities that traditional residential properties simply cannot. Conveniently located south of the 91 Freeway and east of 14th Street, the property is near a new elementary school currently being developed, adding further appeal to the surrounding area. You’ll also enjoy close proximity to Downtown Riverside, major freeways, shopping, dining, nightlife, Riverside Plaza, and the iconic Mount Rubidoux. Priced to move and loaded with possibilities, this is an opportunity you won't want to overlook. Properties offering this combination of location, lot size, existing residence, and M-2 zoning are difficult to find. Bring your vision and explore the potential this Riverside property has to offer!
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Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Riverside · Single Family Residence
Listed 20.9% below the median closed sale of $436,000.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 9748 Belmont | Riverside | 1952 | 2 | 1 | 757 | 8,712 | $687 | $520,000 | 68 | 78 |
| 922 Center Street | Riverside | 1955 | 2 | 1 | 720 | 2,614 | $521 | $375,000 | 2 | 78 |
| 5555 Norman | Riverside | 1953 | 3 | 1 | 744 | 7,405 | $638 | $475,000 | 4 | 77 |
| 5908 Grand | Riverside | 1925 | 2 | 2 | 733 | 9,148 | $655 | $479,990 | 5 | 77 |
| 160 Highland Avenue | Riverside | 1918 | 2 | 1 | 704 | 3,920 | $596 | $419,900 | 51 | 76 |
| Total: 5 · Average | 2.2 | 1.2 | 731.6 | 6,359.8 | $619.4 | $453,978 | 26 | |||
| Median | 733 | $475,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2162 5th Street | Riverside | 1928 | 09/02/2026 | 2 | 1 | 534 | 2,613 | $208,000 | $220,000 | $412 | 1.06 | 48 | 90 |
| 957 CENTER Street | Riverside | 1940 | 05/20/2026 | 2 | 1 | 592 | 2,614 | $429,900 | $436,000 | $736 | 1.01 | 38 | 86 |
| 2857 Mulberry St | Riverside | 1951 | 05/26/2026 | 1 | 1 | 490 | 17,592 | $539,000 | $525,000 | $1,071 | 0.97 | 248 | 81 |
| 4451 VICTORIA | Riverside | 1915 | 05/08/2026 | 2 | 1 | 644 | 4,792 | $399,900 | $382,000 | $593 | 0.95 | 122 | 78 |
| 3875 Everest | Riverside | 1925 | 07/09/2026 | 2 | 1 | 816 | 6,098 | $515,000 | $512,500 | $628 | 0.99 | 136 | 73 |
| Total: 5 · Average | 1.8 | 1.0 | 615.2 | 6,741.8 | $415,100 | $415,100 | $688 | — | 118.4 | ||||
| Median | 592 | $436,000 | $436,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.