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$2,750,000

Est. payment - /mo

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0.94 Acres Lot

Active

11325 Magnolia AVE Riverside, CA 92505

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25023551

HOA Y/N No

Year Built 1946

Lot Size 0.940 Acres

Property Sub-Type Multi Family

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

Area 252 - Riverside

Interior

Heating Central

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Public

Others

Tax ID 142231007

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition Standard

Listed by AIMEE GHAFOURI CURB 951-331-8453

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