Active
11325 Magnolia Avenue
Riverside CA, 92505
$3,250,000
$39.91 per sqft
Active
81,431 sqft
Commercial
Built in 1946
Listed by AIMEE GHAFOURI with CURB 951-331-8453
( 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
IV25023551
MLSⓇ ID
January 31, 2025
Listed
February 12, 2025
Updated
Interior Features
Total Stories
1
Laundry Description
Electric Dryer Hookup, Gas Dryer Hookup
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.94 Acres
Lot Features
0-1 Unit/Acre
Other Property Details
Area Name
252 - Riverside
Days on Market
7
Garage
No
View
No
County
Riverside
Water Source
Public
Listing History
Date | Event | Price |
|---|---|---|
2/7/2025 | Price change | $3,250,000 14% |
Listing Contact: 888-279-4230
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/12/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/12/2025 at 7:11 PM UTC