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Multi-Family

0.45 Acre Development Site (R-3-1500)

4802 Doane Ave, Riverside, CA 92505

Listing Price: $490,000

Lot Size
0.45 acres
Price/Acre
$1,088,944
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to offer for sale the ± 0.45 acre infill residential development site located at 4802-4812 Doane Ave. in the La Sierra community of Riverside, California.

The property is zoned R-3-1500 residential which allows for up to 29 dwelling units per acre. The General Plan Land Use designation for this site is MU-V Mixed-Use Village which provides for medium to high density residential development with retail, office and service uses primarily at the street level to facilitate a pedestrian environment.

This site is located one block to the east of the busy La Sierra commercial corridor. The neighborhood in this area is primarily residential in nature and is composed of single-family residences, duplexes, fourplexes and small multi-family apartment buildings. Directly to the north of the subject property is the Church of Christ building.

The site is generally flat with approximately 100’ of frontage along Doane Avenue and approximately 131’ of frontage along Wells Avenue. This is an infill site and all utilities are available in in the street. Additionally, this site is in the Alvord Unified School District with elementary, middle and high schools all in close proximity.

Riverside is similar to the majority of Southern California in that residential development, in general, is in high demand and the market for new residential development sites is greatly supply restricted.

Investment Highlights

  • ± 0.45 Acre Infill Parcel of High-Density Residential Land in a Desirable Riverside Location
  • Zoning on the Site is R-3-1500 allows for up to 29 dwelling units per acre
  • General Plan Land Use is Mixed-Use Village (MU-V) allowing 30-40 du/acre
  • Demand for Residential Housing in Riverside Remains very Strong

Exclusively Listed By

Multi-Family

0.45 Acre Development Site (R-3-1500)

Listing Price: $490,000

Lot Size
0.45 acres
Price/Acre
$1,088,944
Land Type
Land

Investment Highlights

  • ± 0.45 Acre Infill Parcel of High-Density Residential Land in a Desirable Riverside Location
  • Zoning on the Site is R-3-1500 allows for up to 29 dwelling units per acre
  • General Plan Land Use is Mixed-Use Village (MU-V) allowing 30-40 du/acre
  • Demand for Residential Housing in Riverside Remains very Strong

Investment Overview

Marcus & Millichap is pleased to offer for sale the ± 0.45 acre infill residential development site located at 4802-4812 Doane Ave. in the La Sierra community of Riverside, California. The property is zoned R-3-1500 residential which allows for up to 29 dwelling units per acre. The General Plan Land Use designation for this site is MU-V Mixed-Use Village which provides for medium to high density residential development with retail, office and service uses primarily at the street level to facilitate a pedestrian environment. This site is located one block to the east of the busy La Sierra commercial corridor. The neighborhood in this area is primarily residential in nature and is composed of single-family residences, duplexes, fourplexes and small multi-family apartment buildings. Directly to the north of the subject property is the Church of Christ building. The site is generally flat with approximately 100’ of frontage along Doane Avenue and approximately 131’ of frontage along Wells Avenue. This is an infill site and all utilities are available in in the street. Additionally, this site is in the Alvord Unified School District with elementary, middle and high schools all in close proximity. Riverside is similar to the majority of Southern California in that residential development, in general, is in high demand and the market for new residential development sites is greatly supply restricted.

Exclusively Listed By

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