Temecula-Murrieta Valley Homes
Views - Adult 55+
Address
5189 La Sierra Avenue Lot 6 Riverside, CA
Price
$ 1,300,000
Property Attributes
  • MLS#CV20204795
  • TypeLand
  • CountyRIVERSIDE
  • CityRiverside
  • AreaRiverside
  • Zip92505
  • Style
  • Price$ 1,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.82 Acres
Listing Provided Courtesy Of:
ERIC CHEN with CB RICHARD ELLIS.
Property Description

A senior 55+ multifamily development opportunity located at 5189 La Sierra Avenue in the City of Riverside! 5189 La Sierra Avenue is located in a mature, highly desirable neighborhood adjacent to sports, BBQs, picnic, and play space of La Sierra Park. The property is centrally located in the Inland Empire, conveniently located in the west side of the City of Riverside near the neighboring cities of Corona, Norco, Lake Elsinore, and Chino. La Sierra University, University of California Riverside, California Baptist University, California State University San Bernardino, Loma Linda University Medical Center, and University of Redlands are also easily accessible within a half hour drive using the CA-91, CA-60, I-10 and I-215 freeways. 5189 La Sierra Avenue is zoned R-1-7000 and is eligible for a conditional use permit by the city of Riverside to develop a high density senior multifamily apartment complex. The site sits on 1.82 acres of land and has the ability to have up to 29 units per acre built, allowing for a maximum of 52 units. The current ownership has begun the entitlement process and the property with be delivered with access to the current work done for the entitlements. 5189 La Sierra Avenue is an excellent development opportunity that will allow for multiple exit strategy options within the most populous city of the dynamic and growing Inland Empire market.

Price History
9/30/2020 Listed $1,300,000

General Features

Community Features Park
Directions Merge onto 91-E, Exit Pierce Street and make a Left, Continue onto Riverwalk Pkwy, Turn Right onto Pierce Street, Use the left 2 lanes to turn Left onto La Sierra Ave
HOA Fee 0.00
Listagentaor Citrus Valley
Listing Agent ERIC CHEN - BRE#01489184
Listing Agent State License 01489184
MLS Area 252 - Riverside
Price Per Square Foot 16.40
Senior Community Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
View Park/Greenbelt
Zoning R-1-7000

Exterior Features

Lot Features Lot Over 40000 Sqft
Lot Size Acres 1.8200
Lot Size Area 79279.0000
Lot Size Source Assessor
Lot Size Square Feet 79279.00
Lot Size Units Square Feet
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92505

Price
AVG $1.14M
$1.3M
Visits
AVG 57
29
Walkscore
AVG 43
44
Data Provided by Walkscore ® not using MLS data

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