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Listed by: Matthew Wenzel (949) 419-3205 DRE #01198357 | Marcus & Millichap (562) 257-1200
$5,850,000
Monthly Est:$29,118
-- Bed
- -- Bath
4.54acres lot
4618 Jones, Riverside, CA 92505
$5,850,000
$29,118/moEst:
Get Pre-Approved
Land
Built in -
$-- HOA
4.54 acres lot
$1,288,546/acre
Description
The Mikasa Luxury Villas development site is a fully entitled 117-unit multi-family project located at 4618 Jones Ave & 4663-4705 Hendrick Ave in the La Sierra neighborhood of the city of Riverside. The project was approved by the Riverside City Council on April 21, 2026 for the development of a 117-unit multi-family building on a site of 4.54 acres. The development will be Type V-A construction (woodframe/slab on grade) and will be composed of 15 multi-family buildings, 10 of which will be 2-story and 5 of which will be 3-story structures. The unit mix will be 43 one-bedroom units, 73 two-bedroom units, and one studio. The project also includes a community hall, gym, pool, spa and play area. Architectural features will include balconies/patios, smooth finish stucco, accent stone laminate, wood siding, metal guardrails and flat roofs. A total of 215 parking spaces will be provided, 175 garage spaces plus 40 open spaces. Building construction will total approximately 193,421 square feet of new development. The site is located street-to-street between Jones Ave and Hendrick Ave with the main entrance on Jones Ave. The site is surrounded by two-story multifamily located to the south and one-story, single-family residences to the west, north, and east. The site is also located only 1.3 miles north of the 91 freeway.
- Houzeo last checked: 28 minutes ago
- Listing updated: September 24, 2026 at 10:30 pm
- Source: California Regional MLS-CA | MLS#: PW26208203

Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
4.54 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26208203
MLS Status
Active
Days on Market
15
Cumulative Days on Market
1

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Utilities
Electricity Available, Sewer Available, Water Available
Other Features
Community Features
Suburban
Lot Features
Lot Over40000sqft, Value In Land
Price History
| Date | Event | Price |
|---|---|---|
09/23/2026 Source: | Listed for Sale | $5,850,000 $0/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 02:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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