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Listed by Scott Vu, DRE #01844487 • Nexus Commercial
$ 1,195,000
Est. payment /mo
New
5127 La Sierra Riverside, CA 92505
1.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26173454
Lot Size 1.500 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
This offering consists of two contiguous parcels (APNs 146-071-036 & 146-071-022) totaling approximately 1.5 acres, with assigned addresses of 5127 & 5131 La Sierra Avenue, Riverside, CA 92505. The property offers approximately 251 feet of frontage along La Sierra Avenue, one of West Riverside's major thoroughfares, near the signalized intersection of Norwood Avenue. 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. The
Location
State CA
County Riverside
Area 252 - Riverside
Zoning LZ,LWS,LSR,UO,LL,TNS,PRK,D6
Exterior
Utilities Available Electricity - On Site, Other
View Hills, Local/Neighborhood
Building
Lot Description Grade - Level
Water Other, District - Public
Others
Tax ID 146071036
Special Listing Condition Not Applicable
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