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$1,800,000
Est. payment /mo
2.89 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26062399
Lot Size 2.890 Acres
Property Sub-Type Lots/Land
Property Description
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 Empires 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 BBQ 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 s
Location
State CA
County Riverside
Direction Nearest cross street of Janet Ave & Picker St.
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric, Telephone
View Y/N No
Present Use Unimproved
Others
Senior Community No
Tax ID 151111034
Acceptable Financing Cash, Seller May Carry
Listing Terms Cash, Seller May Carry
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Listed by Dilip Sheth, DRE#00925303 Bankers Realty Exclusive, Inc.
Nearby Locations
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