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Listed by: Oscar Diaz (213) 943-1884 DRE #02022902 | Marcus & Millichap (310) 909-5500
$2,999,000
-- Bed
- -- Bath
40,946sqft lot
11325 Magnolia Ave, Riverside, CA 92505
$2,999,000
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Land
Built in -
$-- HOA
40,946 sqft lot
$73/sq.ft
Description
We are pleased to present 11325 Magnolia Avenue, a 54-unit entitled multifamily development opportunity in Riverside, California, offered at $2,999,000. The entitlement is approved. Plans are in place for a 4-story wood-frame residential building on a flat 0.94-acre site on Magnolia Avenue. At $55,537 per buildable unit, the pricing reflects the entitlement work already completed and a site ready to move toward building permit. The building consists of 49 one-bedroom units and 5 two-bedroom units across four stories of residential space above ground-level parking. Designed by Hedgemon PD, LLC out of Newport Beach. The amenity package includes a gym, game room, 4th-floor v...
Continue ReadingProperty Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
40,946 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26829657
MLS Status
Active
Days on Market
79
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