4714 Jurupa AveRiverside, CA 92506

This exceptional 1.76-acre residential land parcel in Riverside, CA, presents a remarkable development opportunity. Located on Jurupa Avenue, near the 91 freeway and abundant retail and dining options, this property is zoned R-3 and offers approved plans for a 28-unit townhome development. The project encompasses three contiguous parcels (APN: 226-351-009-4, 226-351-012-6, 226-351-037-9), two of which are vacant. The third parcel features an existing single-family residence, detached garage, and non-habitable accessory structures. The approved plans include attractive two- and three-bedroom townhomes, each with a private enclosed garage. This development aligns with the city's Regional Housing Needs Assessment (RHNA) allocation (Planning Case PR-2021-001058), making it a highly desirable project for the city of Riverside. The surrounding area is characterized by a mix of single-family and multifamily residential properties. The property's convenient location and approved plans make it an ideal investment for developers seeking a prime opportunity in a thriving market. The asking price is $1,995,000. This is a rare chance to acquire a fully entitled project ready for immediate development. The property's proximity to the 91 freeway ensures easy access to major transportation arteries. Don't miss this chance to capitalize on this exceptional opportunity.