Under Contract

8527 Janet Avenue

Riverside, CA 92503
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SqFt125,888

Sqft(Lot)

Ready to Issue Permit Ready 104-Unit Market Rate Senior Apartments Development Opportunity – Riverside, CA Janet Avenue Apartments presents a rare RTI development opportunity for a 104-unit senior (55+) apartment community located at 8527 Janet Avenue in Riverside, California. The project sits on approximately 2.89 acres in an established residential neighborhood, offering a prime infill location within one of the Inland Empire’s strongest multifamily markets. The fully designed project includes two three-story buildings with a balanced unit mix of one- and two-bedroom apartments, designed specifically for independent senior living. Planned amenities include over 39,000 square feet of open and recreational space, resident lounges, landscaped courtyards, and outdoor gathering areas with B BQ and fireplace features. The development also includes a total of 114 parking spaces of which 62 are covered parking spaces, EV-ready charging stations, and ADA-accessible design throughout. With completed plans, plan-check corrections, and no public funding restrictions, the project provides investors and developers with a streamlined path to construction in a supply-constrained housing market. The property is ideally located near Kaiser Permanente Medical Center, Galleria at Tyler, major retail corridors, and the 91 and 15 freeways, providing convenient access throughout Riverside County and the greater Inland Empire. Strong regional demographics, expanding senior population, and limited new age-restricted housing supply position this project as a compelling opportunity to deliver modern senior housing with long-term income potential. At $17,300/unit,this is one of the cheapest land projects in the market. All utilities near by.

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Detail Ic Property Details

Property Type : Land

Price : $1,800,000

AD Id : 76651315

MLS Id : SB26062399

Lot Size : 125,888 Sqft(Lot)

County : Riverside

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Fencing

    Block,Chain Link

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 2.89
  • Lot Size Source: Assessor Lot Size Square Feet: 125888

  • Listing Price Information

    Original List Price: 1,800,000 Listing Contract Date: 2026-03-23
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 151111034

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: 252 - Riverside Directions: Nearest cross street of Janet Ave & Picker St. Zoning: R-3-1500 Source Property Type: Land Area: 252 - Riverside
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ByOwner last updated this listing 06/13/2026 @ 17:07

MLS: SB26062399 LISTED BY: Dilip Sheth, Bankers Realty Exclusive, Inc. 800-421-9323 SOURCE: CRMLS

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