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8527 Janet Ave - 104 Unit RTI Senior Housing Development 2.89 Acres of Residential Land Offered at $2,000,000 in Riverside, CA 92503
INVESTMENT HIGHLIGHTS
- 104-Unit Senior (55+) Apartment Community – Purpose-built, three-story development tailored for independent senior living with modern amenities.
- Large 2.89-Acre Infill Site – 125,888 SF parcel providing excellent density, open space, and neighborhood integration.
- Extensive Open Space & Resident Amenities – Over 39,000 SF of landscaped and recreational areas with BBQs, fire features, and garden beds.
- Well-Balanced Unit Mix – 36 × 1B/1B (688 SF), 60 × 2B/1B (730 SF), 8 × 2B/1B (875 SF) units for optimal efficiency and rent diversity.
- Two Modern 3-Story Buildings – Elevator-served with open-air corridors, central courtyards, and community recreation rooms.
- Ample Parking & EV-Ready Infrastructure – 113 total stalls including 62 covered and 12 EV charging spaces, exceeding senior-housing requirements.
PROPERTY FACTS
| Price | $2,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.89 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | BMP | ||
| Price | $2,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 2.89 AC |
| Opportunity Zone |
Yes |
| Zoning | BMP |
1 LOT AVAILABLE
Lot 1
| Price | $2,000,000 | Lot Size | 2.89 AC |
| Price Per AC | $692,041.52 |
| Price | $2,000,000 |
| Price Per AC | $692,041.52 |
| Lot Size | 2.89 AC |
DESCRIPTION
The LAAA Team is pleased to present Janet Avenue Apartments, a RTI 104-unit senior (55+) apartment community located at 8527 Janet Avenue in Riverside, California. Positioned on a 2.89 acre infill parcel within a mature residential neighborhood, the project represents a rare large scale new construction opportunity catering to the region’s expanding senior demographic. The thoughtfully designed community features modern three-story apartment buildings, abundant open space, and ample covered and EV ready parking, creating an inviting, amenity driven living environment for independent seniors in one of Inland Southern California’s most resilient multifamily markets. Designed by Broeske Architects & Associates, the Janet Avenue Apartments will consist of two three-story buildings totaling 104 units with a balanced, efficient mix of 36 one-bedroom/one-bath units (688 SF), 60 two-bedroom/one-bath units (730 SF), and 8 two-bedroom/one-bath corner units (875 SF). The project incorporates Type VB sprinklered construction (NFPA-13) and complies with 2019 CalGreen and CBC standards. Amenities include 39,000+ square feet of open and recreational space, indoor community lounges, courtyards with garden beds, and BBQ/fireplace gathering areas. Residents will benefit from 62 covered carport spaces, 12 EV-ready charging stations, and ADA compliant access throughout. With fully designed plans, completed plan-check corrections, and no public funding restrictions, Janet Avenue Apartments presents a streamlined path to entitlement and long-term operational stability. Located in the heart of western Riverside, the property offers proximity to retail, healthcare, and lifestyle amenities ideally suited for senior living. The community lies minutes from Kaiser Permanente Riverside, Galleria at Tyler, and major service retailers, with convenient access to the 91 and 15 Freeways connecting to Corona, Orange County, and the greater Inland Empire. Riverside has emerged as a regional hub for age-restricted housing, with numerous 55+ communities demonstrating consistent high occupancy and stable rent growth due to the area’s affordable cost of living, temperate climate, and strong healthcare infrastructure. The Janet Avenue Apartments leverage these proven market fundamentals to deliver a sustainable, income-producing senior housing investment supported by enduring demographic trends and a strategic infill location.
PROPERTY TAXES
| Parcel Number | 151-111-034 | Improvements Assessment | $0 |
| Land Assessment | $351,688 | Total Assessment | $351,688 |
PROPERTY TAXES
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8527 Janet Ave - 104 Unit RTI Senior Housing Development
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