11325 Magnolia Avenue, Riverside, CA 92505

Riverside
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
11325 Magnolia Avenue,Riverside, CA 92505
$2,999,000
  • 0.94 Acres
  • Lots / Land
  • Active
Listed by: oscar diaz
Office: marcus & millichap310-909-5500
MLS#:26829657
Source:CRMLS

Price summary

  • Price:$2,999,000

About this home

We are pleased to present 11325 Magnolia Avenue, a 54-unit entitled multifamily development opportunity in Riverside, California, offered at $2,999,000. The entitlement is approved. Plans are in place for a 4-story wood-frame residential building on a flat 0.94-acre site on Magnolia Avenue. At $55,537 per buildable unit, the pricing reflects the entitlement work already completed and a site ready to move toward building permit. The building consists of 49 one-bedroom units and 5 two-bedroom units across four stories of residential space above ground-level parking. Designed by Hedgemon PD, LLC out of Newport Beach. The amenity package includes a gym, game room, 4th-floor viewing deck and outdoor lounge, central courtyard, tot lot, bike storage, elevator, in-unit laundry, and EV charging. Balconies on the majority of units. Parking totals 84 spaces including 3 ADA and 3 EV charging spaces. A rooftop solar zone is designated.11325 Magnolia Avenue sits on one of Riverside's...

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Home facts

  • Listing ID #:26829657
  • Added:100 day(s) ago
  • Updated:August 13, 2026 at 11:08 AM

Structure and exterior

  • Lot area:0.94 Acres

Finances and disclosures

  • Price:$2,999,000
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