5127 La Sierra Ave - Residential LAND FOR SALE


Riverside, CA 92505- La Sierra Hills51,871 SF
$1,195,000 USD
5127 La Sierra Ave, Riverside, CA for Sale
$1,195,000 USD
Residential LAND - FOR SALE
1/9
51,871 SF

5127 La Sierra Ave
Riverside, CA 92505
La Sierra Hills


OVERVIEW

Zoned R-3 Multiple-Family Residential, the property presents an exceptional infill development opportunity with potential for 50+ residential units, subject to site planning, density calculations, development standards, entitlements, and City approval. The current sellers have begun planning for a 50+ unit senior housing apartment complex, giving a prospective buyer a valuable head start in evaluating a higher-density residential concept. R-3 zoning allows up to 29 dwelling units per acre and supports apartments, townhomes, condominiums, qualifying tiny-home communities, and certain small-lot single-family developments. Additional density may be available through a Planned Residential Development Permit and/or Density Bonus Program. The sellers will provide the buyer with preliminary development and due-diligence materials, including a Property Survey, Preliminary Grading Plans, Site Plan, and Soils Report. These materials provide a valuable starting point for further feasibility analysis, engineering, site planning, and entitlement discussions. The site is flat and undeveloped, adjacent to established residential homes, with sidewalks in place and utilities located adjacent to or near the property. Located approximately 2 miles north of the 91 Freeway and less than 4 miles east of the 15 Freeway, the property is minutes from Hidden Valley Golf Club, Kaiser Permanente Riverside Medical Center, California Baptist University, parks, schools, restaurants, shopping, entertainment, and commercial amenities. With R-3 zoning, potential 50+ unit density, a preliminary 50+ unit senior housing concept, substantial La Sierra Avenue frontage, and preliminary plans and reports available, this is a compelling opportunity for multifamily developers, senior housing operators, builders, and land investors. Buyer and buyer's agent to independently verify zoning, density, permitted uses, development standards, unit yield, senior housing requirements, utilities, access, entitlements, plans, reports, and all other property information with the City of Riverside and applicable agencies. The 50+ unit concept is preliminary and is not a guarantee of project approval or final unit count.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/ACRE

$1,003,513/AC

PRICE/SF

$23 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Hold for Development, Hold for Investment, Single Family Development

LAND ACRES

1.19 AC

LAND SF

51,872 SF

OFFSITE IMPROVEMENTS

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

ZONING

R-3

APN/PARCEL ID

146-071-022,146-071-036

ASK ABOUT THIS PROPERTY

Scott VuNexus Capital Assets Advisory & RealtyMore Info

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Scott VuNexus Capital Assets Advisory & RealtyMore Info

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