For Sale
$2,850,000

11325 Magnolia AveRiverside, CA 92505

51-Unit Apartment Project, Prime Location

Overview

Added:
Feb 3
Days on market:
59
This exceptional Riverside investment opportunity presents a fully-entitled 51-unit apartment development project on a 0.94-acre lot (40,946 square feet). Currently featuring a single-family home and detached garage slated for demolition, the project is ready for immediate construction. The four-story building will encompass 81,431 square feet of gross building area, offering 46 one-bedroom and 5 two-bedroom units, all at market-rate rents. A significant advantage is the inclusion of 82 parking stalls, all conveniently located on the first floor. Comprehensive plans are complete, including architectural design, structural and civil engineering, geotechnical reports, MEP (Mechanical, Electrical, Plumbing), and Title 24 compliance. The property is zoned MU-U-TA (Mixed-Use, Multi-Family, Urban Transit-Oriented), maximizing its potential within the Riverside market. This turnkey project offers a streamlined path to development, eliminating significant pre-construction hurdles and allowing for a swift transition to construction and occupancy. The detailed plans ensure a smooth and efficient building process, minimizing potential delays and maximizing return on investment. This is a rare opportunity to acquire a fully-entitled multifamily development project in a desirable Riverside location.

Property Details for 11325 Magnolia Ave

Property type
Square Feet
81,431 SF
Year Built
1946
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.90076
Longitude
-117.4819
11325 Magnolia Ave, Riverside, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
11325 Magnolia Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message