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Land for Apartment Development

11325 Magnolia Ave, Riverside, CA 92505

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For Sale

$2,750,000

Land slated for a 51-unit apartment development.

Type:Commercial

Property size:

81,431 SF

Lot size:

0.94 Acres

Price / SF:

$33/SF

HighLights

Approved for a 51‑unit apartment development.
Includes comprehensive plans: architectural, structural, civil, geotechnical, and MEP engineering.
Zoned MU‑U‑TA (Mixed‑Use, Multi‑Family, Urban Transit‑Oriented).
Features 49 one‑bedroom and 5 two‑bedroom units at market‑rate rents.
Includes 82 parking stalls.
Situated on a 40,946 square foot lot.

We can help!

Listing Contact

AIMEE GHAFOURI

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For Sale

$2,750,000

Land slated for a 51-unit apartment development.

Type:Commercial

Property size:

81,431 SF

Lot size:

0.94 Acres

Price / SF:

$33/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 4:06 pm

Property Features for 11325 Magnolia Ave

General Information

Standard status: Active
Size: 81,431 SF
Lot size: 0.94 Acres
Property subtype: Commercial

Building Details

Year Built: 1946

We can help!

Listing Contact

AIMEE GHAFOURI

Listing agent AIMEE GHAFOURI License #02193341

Listing office CURB

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CURB

HighLights

Approved for a 51‑unit apartment development.
Includes comprehensive plans: architectural, structural, civil, geotechnical, and MEP engineering.
Zoned MU‑U‑TA (Mixed‑Use, Multi‑Family, Urban Transit‑Oriented).
Features 49 one‑bedroom and 5 two‑bedroom units at market‑rate rents.
Includes 82 parking stalls.
Situated on a 40,946 square foot lot.

Overview

The property, currently improved with a single-family residence and a detached garage, is slated for demolition to accommodate a proposed 51-unit apartment development. The development is planned as a four-story building with a gross building area of 81,431 square feet, situated on a 40,946 square foot lot. The unit mix includes 49 one-bedroom units and 5 two-bedroom units. Parking will be provided by 82 stalls located on the first floor. All units are planned to be offered at market-rate rents. The site is zoned MU-U-TA (Mixed-Use, Multi-Family, Urban Transit-Oriented). Comprehensive plans have been prepared, including architectural design, structural engineering, civil engineering, a geotechnical report, and MEP (Mechanical, Electrical, Plumbing) plans, as well as Title 24 Compliance. The location has a bike score of 66, indicating it is bikeable, and a walk score of 69, indicating it is somewhat walkable. The transit score is 37, indicating some transit options are available. This project is designed to maximize the potential of this prime location while adhering to zoning and transit-oriented development principles.

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

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Local Demand

City: Riverside
County: Riverside
State: California
Longitude: -117.481865
Latitude: 33.9006499

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For sale
Commercial land
CA
Riverside
92505
11325 Magnolia Ave

What type of property is this?

Commercial land - Land slated for a 51-unit apartment development.

Where is this commercial land located?

The property is located at 11325 Magnolia Ave Riverside, CA.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Approved for a **51‑unit apartment development**.; Includes comprehensive plans: architectural, structural, civil, geotechnical, and MEP engineering.; Zoned MU‑U‑TA (Mixed‑Use, Multi‑Family, Urban Transit‑Oriented).