Riverside, CA 92505,11325 Magnolia Avenue
Riverside, CA 92505,11325 Magnolia Avenue
Riverside, CA 92505,11325 Magnolia Avenue
Riverside, CA 92505,11325 Magnolia Avenue
Riverside, CA 92505,11325 Magnolia Avenue
Riverside, CA 92505,11325 Magnolia Avenue
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$ 2,750,000
Est. payment | /mo

81,431 SqFt


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$ 2,750,000
Est. payment | /mo
Save

81,431 SqFt

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 81,431 sqft

Price per Sqft $33

MLS Listing ID CRIV25023551

HOA Y/N No

Year Built 1946

Lot Size 0.940 Acres

Acres 0.94

Property Sub-Type Comm Ind For Sale

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

Location

State CA

County Riverside

Interior

Heating Other

Fireplace No

Building

New Construction No

Others

Tax ID 142231007

Bridge MLS
Listed by AIMEE GHAFOURI • CURB

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agent
Kenneth Jamaca

Managing Broker | REALTOR | License ID: 02080040

+1(925) 413-1849 | kenneth@jcastlegroup.com

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11325 Magnolia Avenue