4618 Jones Ave - Residential LAND FOR SALE


Riverside, CA 92505- La Sierra | 197,762 SF
$5,850,000 USD
949-419-3205
4618 Jones Ave, Riverside, CA for Sale
$5,850,000 USD
Residential LAND - FOR SALE
1/17
197,762 SF

4618 Jones Ave
Riverside, CA 92505
La Sierra


HIGHLIGHTS

  • ±4.54 Acre Fully Entitled Multi-Family Site in the La Sierra Neighborhood of Riverside
  • Project was Approved by the Riverside City Council on April 21, 2026
  • Type V-A Construction with Ten 2-Story Buildings and Five 3-Story Buildings
  • Unit Mix to be 43 One-Bedroom Units, 73 Two-Bedroom Units and One Studio
  • Parking Provided with 175 Attached Garage Spaces and 40 Open Spaces
  • Project goes Street-to-Street between Jones/Hendrick with the Main Entrance on Jones Ave.

OVERVIEW

The Mikasa Luxury Villas development site is a fully entitled 117-unit multi-family project located at 4618 Jones Ave & 4663-4705 Hendrick Ave in the La Sierra neighborhood of the city of Riverside. The project was approved by the Riverside City Council on April 21, 2026 for the development of a 117-unit multi-family building on a site of 4.54 acres. The development will be Type V-A construction (woodframe/slab on grade) and will be composed of 15 multi-family buildings, 10 of which will be 2-story and 5 of which will be 3-story structures. The unit mix will be 43 one-bedroom units, 73 two-bedroom units, and one studio. The project also includes a community hall, gym, pool, spa and play area. Architectural features will include balconies/patios, smooth finish stucco, accent stone laminate, wood siding, metal guardrails and flat roofs. A total of 215 parking spaces will be provided, 175 garage spaces plus 40 open spaces. Building construction will total approximately 193,421 square feet of new development. The site is located street-to-street between Jones Ave and Hendrick Ave with the main entrance being located on Jones Ave. The site is surrounded by two-story multifamily located to the south and one-story, single-family residences to the west, north, and east. The site is also located only 1.3 miles north of the 91 freeway.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/ACRE

$1,288,546/AC

PRICE/SF

$30 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Fully Entitled 117-Unit Multi-Family Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Apartment Units - Subsdzd

LAND ACRES

4.54 AC

LAND SF

197,762 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas

ZONING

R-3-1500

APN/PARCEL ID

143-040-010,143-040-011,143-040-012

ASK ABOUT THIS PROPERTY

Matthew WenzelMarcus & MillichapMore Info
949-419-3205

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Matthew WenzelMarcus & MillichapMore Info
949-419-3205

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