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11325 Magnolia Ave 0.94 Acres of Commercial Land Offered at $2,750,000 in Riverside, CA 92505
Property Facts
| Price | $2,750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.94 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | Mixed Use - Current zoning is MU-U-TA (mixed use multiple family urban transit oriented) | ||
| Price | $2,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.94 AC |
| No. Stories | 1 |
| Zoning | Mixed Use - Current zoning is MU-U-TA (mixed use multiple family urban transit oriented) |
1 Lot Available
Lot
| Price | $2,750,000 | Lot Size | 0.94 AC |
| Price Per AC | $2,925,531.91 |
| Price | $2,750,000 |
| Price Per AC | $2,925,531.91 |
| Lot Size | 0.94 AC |
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
Property Taxes
| Parcel Number | 142-231-007 | Improvements Assessment | $800,150 |
| Land Assessment | $259,995 | Total Assessment | $1,060,145 |
Property Taxes
Presented by
951 Properties Llc
11325 Magnolia Ave
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