**PRICE ADJUSTMENT of $1,500,000 from Original List Price - SELLER DESIRES TO SELL. NOW BACK ON THE MARKET - EFFECTIVE AUGUST 14, 2025- City of Riverside Zoning will not allow Senior Living but will allow Senior Apartments or Permanent Apartments. Buyer was Senior Living Assisted Living. Built in 1992, this "Affordable Housing/Senior Housing Conversion Opportunity" refers to an existing Days Inn Hotel consisting of 68 rooms in a 3-story building, with approximately 18,166 square feet of space, situated on a lot of approximately 34,424 square feet. The City of Riverside Planning Department has indicated that the current zoning will permit the conversion to permanent affordable housing or senior housing. After a lengthy Due Diligence process with an Assisted Living Buyer and City cooperation, the City Zoning will not allow for Senior Assisted Living at the location. A zoning change would be required. The Buyer was not willing to apply for this because of the timing. **Location:** This affordable housing conversion opportunity is located on the highly trafficked Magnolia Avenue, just west of the 91 Freeway in the City of Riverside. The location offers attractive amenities, including an elevator for prospective tenants that is conducive to permanent residency. Additionally, Kaiser Permanente is located just a few parcels south of the property. **Site Visits:** All property showings and visits must be coordinated through the listing agent, Luis Vazquez 310-704-9109. Please do not disturb the hotel staff, as they are not aware of the sale.