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Indiana Ave - 16 Shovel Ready Lots 16 Acres of Residential Land Offered at $880,000 in Riverside, CA 92503
EXECUTIVE SUMMARY
Strategically located just minutes from the 91 and 15 freeways,
this 3-parcel offering presents strong upside potential. With
utility access, rolling terrain, and elevated views of Riverside
and Corona, the property sits in a high-demand growth corridor.
Only 1 mile from the La Sierra Metrolink station and 2 miles
from major retail hubs like Costco and Walmart, the site
offers convenience and commuter appeal. Currently zoned
R1-10000 (low-density residential), with potential for R-3 rezoning
to support higher-density multifamily development.
A previously approved Tentative Tract Map for 16 single-family
homes (now expired) provides a head start. Seller can provide
all studies and reports submitted to the County. Preliminary rezoning
plans were initiated during COVID for a 3-story, multiunit
complex featuring 2-bed/2-bath units, a pool, clubhouse,
and more—paused due to funding and development expertise.
Located near the established Lake Hills community, this
property is ready for a visionary investor to take it to the next
level. Ideal for build-and-hold, multi-unit development, or
resale strategy
this 3-parcel offering presents strong upside potential. With
utility access, rolling terrain, and elevated views of Riverside
and Corona, the property sits in a high-demand growth corridor.
Only 1 mile from the La Sierra Metrolink station and 2 miles
from major retail hubs like Costco and Walmart, the site
offers convenience and commuter appeal. Currently zoned
R1-10000 (low-density residential), with potential for R-3 rezoning
to support higher-density multifamily development.
A previously approved Tentative Tract Map for 16 single-family
homes (now expired) provides a head start. Seller can provide
all studies and reports submitted to the County. Preliminary rezoning
plans were initiated during COVID for a 3-story, multiunit
complex featuring 2-bed/2-bath units, a pool, clubhouse,
and more—paused due to funding and development expertise.
Located near the established Lake Hills community, this
property is ready for a visionary investor to take it to the next
level. Ideal for build-and-hold, multi-unit development, or
resale strategy
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $880,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 16.00 AC |
| Property Type | Land | ||
| Zoning | R-A-2, R-1-10000, R-5 | ||
| Price | $880,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 16.00 AC |
| Zoning | R-A-2, R-1-10000, R-5 |
1 LOT AVAILABLE
Lot
| Price | $880,000 | Lot Size | 16.00 AC |
| Price Per AC | $55,000.00 |
| Price | $880,000 |
| Price Per AC | $55,000.00 |
| Lot Size | 16.00 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $530,302 | Total Assessment | $530,302 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$530,302
Improvements Assessment
$0
Total Assessment
$530,302
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Indiana Ave - 16 Shovel Ready Lots
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