$2,750,000

11325 Magnolia Avenue, Riverside, CA 92505

  • 81,431 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1946
  • Property Lot Size Icon0.94acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $34/sqft
  • Property List Date Icon Listed 11 months ago

Property Description

( Check The Pictures For Our Conceptual Design ) The property currently features a single-family residence and a detached garage, both slated for demolition to make way for a proposed 51-unit apartment development. The project includes: 46 one-bedroom units 5 two-bedroom units 82 parking stalls (all located on the first floor) A four-story building with a gross building area of 81,431 square feet Situated on a 40,946 square foot lot All units offered at market-rate rents The site is zoned MU-U-TA (Mixed-Use, Multi-Family, Urban Transit-Oriented). Comprehensive plans have already been prepared, including: Architectural design Structural engineering Civil engineering Geotechnical report MEP (Mechanical, Electrical, Plumbing) Title 24 Compliance This project is designed to maximize the potential of this prime location while adhering to zoning and transit-oriented development principles

Listing Status:
Active
Date Added:
January 31, 2025 at 06:00AM
Listing Office:
CURB : 888-279-4230
Listing Agent:
AIMEE GHAFOURI : 951-331-8453
MLS ID:
CRIV25023551
  • Heating: Other
  • County: Riverside
  • Zoning: 142231007

This listing courtesy of AIMEE GHAFOURI, CURB

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McAuliffe Elementary School

4100 Golden Ave, Riverside, CA, 92505

Grades KG-5

0.38 miles away

G

Gateway

4501 Ambs Dr, Riverside, CA, 92505

Grades KG-12

1.08 miles away

L

La Sierra High School

4145 La Sierra Ave, Riverside, CA, 92505

Grades 9-12

0.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.