11325 Magnolia Avenue

Riverside, CA 92505

PRICE INCREASE

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+$400,000 (+14.04%)

$3,250,000

List Price

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1946

calendar_month Built

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

Listing Information

List Price $3,250,000
Status Active
MLS IV25023551
Type Commercial
Subtype Multi Family
Year Built 1946
Lot Size 40,946
Structure Size N/A
DOM 7
Courtesy Of CURB
Listing Agent AIMEE GHAFOURI DRE#02193341

Interior Features

Laundry Information
Location(s) Electric Dryer Hookup, Gas Dryer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Maps

home_work Nearby Properties

Listing information courtesy of: AIMEE GHAFOURI, CURB 951-331-8453. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 7th, 2025 at 7:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.