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Matthew Wenzel
Marcus & Millichap
562-257-1200
The subject property is a ± 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.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.45
Lot Size Source: Assessor
Lot Size Square Feet: 19601
Original List Price: 550,000
Listing Contract Date: 2024-02-26
Listing Agreement: Exclusive Right To Sell
Parcel Number: 146231029
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 252 - Riverside
Postal Code Plus 4: 5507
Directions: Corner of Doan Ave and Wells Ave
Zoning: R3-1500
Source Property Type: Land
Area: 252 - Riverside
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
10952 Arlington, Riverside, CA,92505 | $510,000 | -- | -- | -- | 49658 Sqft |
10680 Burton Street, Riverside, CA,92505 | $1,390,000 | -- | -- | 3,664 | 6098 Sqft |
4000 Pierce Street #30, Riverside, CA,92505 | $128,000 | 3 | 2 | -- | -- |
Collett, Riverside, CA,92505 | $1,300,000 | -- | -- | -- | 647301.6 Sqft |
Collett, Riverside, CA,92505 | $1,100,000 | -- | -- | -- | 1327273.2 Sqft |
Rancho Corto Drive, Riverside, CA,92505 | $115,000 | -- | -- | -- | 4700 Sqft |
3701 Fillmore Street #52, Riverside, CA,92505 | $160,000 | 3 | 2 | 1,120 | -- |
3701 Fillmore Street #139, Riverside, CA,92505 | $145,000 | 2 | 2 | 900 | -- |
3701 Fillmore Street #86, Riverside, CA,92505 | $129,000 | 3 | 2 | 960 | -- |
4998 Bushnell Avenue, Riverside, CA,92505 | $695,888 | -- | -- | -- | 99317 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 16:41
MLS: PW24040150
LISTED BY: Matthew Wenzel, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.