11325 Magnolia Avenue
Riverside, CA 92505
0.94 acres | #IV25023551
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
Property Details
- Lot DescriptionZeroToOneUnitAcre
- Property TypeMulti-Family
- Property SubtypeMultiFamily
- Original List Price$2,850,000
- MLS #IV25023551
- MLS #IV25023551
- CountyRiverside
- Cost3150000
- Utility SourcePublic
- Acres0.94
- Year Built1946
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: AIMEE GHAFOURI (#IVGHAFAIM)
Listing Office: CURB (#IVCURB)
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