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$ 1,195,000
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5127 La Sierra Riverside, CA 92505
1.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26173454
Lot Size 1.500 Acres
Lot Dimensions 250x260
Property Sub-Type Lots/Land
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 Riversides 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. 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 appr
Location
State CA
County Riverside
Direction Property address: 5127 La Sierra Ave, Riverside, CA 92505 AND 5137 La Sierra Ave, Riverside, CA 92505
Interior
Fireplace No
Exterior
Utilities Available Electric, Natural Gas, Other/Remarks
View Y/N No
Others
Senior Community No
Tax ID 146071036
Acceptable Financing Cash, Seller May Carry
Listing Terms Cash, Seller May Carry
Listed by Scott Vu, DRE#01844487 Nexus Commercial
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