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Listed by AIMEE GHAFOURI • CURB
$ 2,999,999
Est. payment /mo
Active
11325 Magnolia Avenue Riverside, CA 92505
81,431 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 81,431 sqft
Price per Sqft $36
MLS Listing ID CRIV25023551
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1946
Lot Size 0.940 Acres
Property Sub-Type Comm Ind For Sale
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: 46 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
Interior
Heating Other
Fireplace No
Building
Water Public
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