5127 La Sierra Riverside, CA 92505
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26173454
HOA Y/N No
Lot Size 1.500 Acres
Lot Dimensions Estimated
Property Description
Zoned R-3 Multiple-Family Residential, the property presents an exceptional infill development opportunity with potential for 50+ residential units, subject to site planning, density calculations, development standards, entitlements, and City approval. The current sellers have begun planning for a 50+ unit senior housing apartment complex, giving a prospective buyer a valuable head start in evaluating a higher-density residential concept. R-3 zoning allows up to 29 dwelling units per acre and supports apartments, townhomes, condominiums, qualifying tiny-home communities, and certain small-lot single-family developments. Additional density may be available through a Planned Residential Development Permit and/or Density Bonus Program.
The sellers will provide the buyer with preliminary development and due-diligence materials, including a Property Survey, Preliminary Grading Plans, Site Plan, and Soils Report. These materials provide a valuable starting point for further feasibility analysis, engineering, site planning, and entitlement discussions.
The site is flat and undeveloped, adjacent to established residential homes, with sidewalks in place and utilities located adjacent to or near the property. Located approximately 2 miles north of the 91 Freeway and less than 4 miles east of the 15 Freeway, the property is minutes from Hidden Valley Golf Club, Kaiser Permanente Riverside Medical Center, California Baptist University, parks, schools, restaurants, shopping, entertainment, and commercial amenities.
With R-3 zoning, potential 50+ unit density, a preliminary senior housing concept (the 50+ unit concept is preliminary and is not a guarantee of project approval or final unit count), substantial La Sierra Avenue frontage, and preliminary plans and reports available, this is a compelling opportunity for multifamily developers, senior housing operators, builders, and land investors.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R3
Interior
Fireplace No
Exterior
Community Features Street Lights, Suburban, Sidewalks, Park
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, See Remarks, Water Available, Overhead Utilities
View Y/N Yes
View Mountain(s), Neighborhood
Building
Lot Description 26-30 Units/Acre, Lot Over 40000 Sqft, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level
Sewer Public Sewer
Water Public, See Remarks
New Construction No
Others
Senior Community No
Tax ID 146071036
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
Lease Land No
