11325 Magnolia Ave - Commercial LAND FOR SALE


Riverside, CA 92505- La Sierra40,946 SF
$2,750,000 USD
951-331-8453
11325 Magnolia Ave, Riverside, CA for Sale
$2,750,000 USD
Commercial LAND - FOR SALE
1/11
40,946 SF

11325 Magnolia Ave
Riverside, CA 92505
La Sierra


HIGHLIGHTS

  • Proposed 54-unit market rate apartment community with a balanced mix of efficient one bedroom and two-bedroom layouts.
  • Transit oriented MU U TA zoning that supports dense multifamily development in an urban, mixed-use setting aligned with contemporary planning goals.
  • Fully prepared architectural, structural, civil, geotechnical, MEP, and Title 24 package providing a major head start toward approvals.
  • All 82 resident parking stalls are planned on the first level, simplifying circulation and maximizing upper floor efficiency for residential use.
  • Existing home and detached garage planned for demolition creating a clean, ready to build development site.
  • Market rate positioning in a strong rental environment appealing to long term hold investors and merchant builders.

OVERVIEW

This offering represents a compelling opportunity to acquire a transit oriented multifamily development site with an unusually complete set of preparation work already in place. The property is currently improved with a single-family residence and detached garage that are planned for removal, clearing the way for a purpose-built apartment community tailored to today’s renter demand. The proposed project calls for a four story, market rate building with 54 units, thoughtfully weighted toward efficient one-bedroom layouts complemented by a select number of two-bedroom homes. All 82 parking stalls are contained on the first level, creating straightforward access for residents while preserving the upper floors for high efficiency residential use. The MU U TA zoning enables a dense, urban multifamily program that directly supports transit utilization and smart growth objectives. A key differentiator for this site is the depth of due diligence and design already completed. The seller is offering a comprehensive package that includes architectural plans, structural and civil engineering, a geotechnical report, full MEP design, and Title 24 compliance documentation. This significantly reduces lead time and soft cost exposure for a buyer, allowing an experienced developer to move more quickly from acquisition into final approvals and construction. All units are planned as market rate, presenting an attractive canvas for either a long-term hold strategy or a merchant build and sell approach. For investors seeking a well-conceived infill project with meaningful work already completed, this site provides a ready runway to execution, subject to buyer’s confirmation of all approvals and local requirements.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/ACRE

$2,925,532/AC

PRICE/SF

$67 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.94 AC

LAND SF

40,946 SF

OFFSITE IMPROVEMENTS

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

ZONING

Mixed Use

APN/PARCEL ID

142-231-007

ASK ABOUT THIS PROPERTY

Aimee Ghafouri951 Properties LlcMore Info
951-331-8453

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Aimee Ghafouri951 Properties LlcMore Info
951-331-8453

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