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$ 2,750,000
Est. payment /mo
Active
11325 Magnolia AVE Riverside, CA 92505
0.94 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26034202
HOA Y/N No
Year Built 1946
Lot Size 0.940 Acres
Property Sub-Type Multi Family
Property Description
( Check The Pictures For Our Conceptual Design )
The property currently features a single-family residence and a detached garage, both slated for demolition to make way for a proposed 51-unit apartment development.
The project includes:
49 one-bedroom units
5 two-bedroom units
82 parking stalls (all located on the first floor)
A four-story building with a gross building area of 81,431 square feet
Situated on a 40,946 square foot lot
All units offered at market-rate rents
The site is zoned MU-U-TA (Mixed-Use, Multi-Family, Urban Transit-Oriented).
Comprehensive plans have already been prepared, including:
Architectural design
Structural engineering
Civil engineering
Geotechnical report
MEP (Mechanical, Electrical, Plumbing)
Title 24 Compliance
This project is designed to maximize the potential of this prime location while adhering to zoning and transit-oriented development principles
The property currently features a single-family residence and a detached garage, both slated for demolition to make way for a proposed 51-unit apartment development.
The project includes:
49 one-bedroom units
5 two-bedroom units
82 parking stalls (all located on the first floor)
A four-story building with a gross building area of 81,431 square feet
Situated on a 40,946 square foot lot
All units offered at market-rate rents
The site is zoned MU-U-TA (Mixed-Use, Multi-Family, Urban Transit-Oriented).
Comprehensive plans have already been prepared, including:
Architectural design
Structural engineering
Civil engineering
Geotechnical report
MEP (Mechanical, Electrical, Plumbing)
Title 24 Compliance
This project is designed to maximize the potential of this prime location while adhering to zoning and transit-oriented development principles
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Heating Central
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 142231007
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition Standard
Listed by AIMEE GHAFOURI CURB 951-331-8453, DRE #02193341
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