10359 Gould St - Residential LAND FOR SALE


Riverside, CA 92505- La Sierra Acres36,948 SF
$1,863,000 USD
562-688-2505
10359 Gould St, Riverside, CA for Sale
$1,863,000 USD
Residential LAND - FOR SALE
1/6
36,948 SF

10359 Gould St
Riverside, CA 92505
La Sierra Acres


OVERVIEW

Rare ±0.85-acre infill site Zoned R-3-1500 Multi-Family Residential in city of Riverside. Corner of Tyler street and Alrington Ave. Received conceptual approval from the City of Riverside for a 27-unit multifamily project consisting of all 27 units 3-bedroom / 2-bathroom each. Strong Rental Support for 3BR/2BA Units: City of Riverside Section 8 vouchers : $2,851 – $3,320 Riverside County Section 8 v: $3,079 Illustrative Income Potential (at $3,000 per unit/month): 27 units × $3,000/month × 12 months = $972,000 potential gross annual income x 13 gross multiplier = potential furture value when project finished $12,636,000 . This combination of conceptual City approval and proven demand for larger 3BR/2BA units creates an attractive opportunity for multifamily developers and investors seeking an infill project with a clear path forward.

FOR SALE DETAILS

PRICE

$1,863,000 USD

PRICE/ACRE

$2,196,416/AC

PRICE/SF

$50 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.85 AC

LAND SF

36,948 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R3-1500

APN/PARCEL ID

150-091-032

ASK ABOUT THIS PROPERTY

Tony LeeInfinity Real Estate Opportunity Fund I LLCMore Info
562-688-2505

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Tony LeeInfinity Real Estate Opportunity Fund I LLCMore Info
562-688-2505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.