11325 Magnolia Avenue
Riverside, CA 92505
40,946Sqft(Lot)
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. Ba
Property Details
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Features
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Bathroom Information
Total Baths: 0 Full Baths: 0 Half Baths: 0
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.94 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 40946
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Listing Price Information
Original List Price: 2,999,000 Listing Contract Date: 2026-05-04 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 142231007
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Other Property Info
Source Listing Status: Active Source Neighborhood: 252 - Riverside Postal Code Plus 4: 3609 Directions: From the I-10 and I-215 junction, take I-215 South and exit onto CA-60 East toward Riverside. Continue to exit for Magnolia Avenue and head south. Stay on Magnolia Avenue, and the property will be on your right. Zoning: R3 Source Property Type: Land Area: 252 - Riverside
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Polk St, Riverside, CA, 92505 | $6,100,000 | -- | -- | -- | 210,830.40 Sqft(Lot) |
| 4998 Bushnell Avenue, Riverside, CA, 92505 | $849,000 | -- | -- | -- | 99,317 Sqft(Lot) |
| Norwood Ave, Riverside .., Riverside, CA, 92505 | $300,000 | -- | -- | -- | 147,668 Sqft(Lot) |
| Bushnell Avenue, Riverside, CA, 92505 | $179,000 | -- | -- | -- | 7,405 Sqft(Lot) |
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ByOwner last updated this listing 06/10/2026 @ 03:34
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