Multi-Residential Zoned Development
For Sale
Contact for pricing
Pending
4779 Tequesquite Ave, Riverside, CA 92501
Large vacant R-3 lot with multi-residential development potential for apartments or for-sale condos.
Property SizeContact for details
Days on Market119
Property Features for 4779 Tequesquite Ave
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2808
Listed By:
Lonnie McDermott · License #CA 01874375
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Apr 12 at 6:17AM
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 Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This vacant land parcel, offered for sale for the first time in 18 years, is zoned R-3 for multi-residential development. The property is being presented as an opportunity for development either by-right for up to 80 market-rate apartment units or for-sale condos, or through the state density bonus program for up to a maximum of 122 units, with at least 15% of units required to be restricted to affordable housing.
The lot is positioned at the edge of Downtown Riverside and is approximately 1 mile from downtown, with the UC Riverside campus less than 4 miles away. The surrounding setting includes mountain views, and the property is within walking distance of hiking trails that lead to Mount Rubidoux Park.
The lot is positioned at the edge of Downtown Riverside and is approximately 1 mile from downtown, with the UC Riverside campus less than 4 miles away. The surrounding setting includes mountain views, and the property is within walking distance of hiking trails that lead to Mount Rubidoux Park.
Key Highlights
- Large 2.76‑acre vacant lot at the edge of Downtown Riverside, CA, zoned R‑3 for multi‑residential development.
- By‑right development potential for up to 80 units as market‑rate apartments or 80 for‑sale condos.
- Density bonus option allows a maximum of up to 122 units; with 15% affordable‑unit restriction, 103 market‑rate units with 19 affordable units.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 92501, CA
22,017
Population
7,488
Households
2.9
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
5.6 sq mi
ZIP Area
3,932
Density / Sq Mi
$83,027
Median Household Income
$41,780
Median Earnings
$1,615
Median Rent
$466,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large vacant R-3 lot with multi-residential development potential for apartments or for-sale condos.
Where is this residential land & home lot located?
The property is located at 4779 Tequesquite Ave Riverside, CA.
What are key features of this property?
This property features: Large 2.76‑acre vacant lot at the edge of Downtown Riverside, CA, zoned R‑3 for multi‑residential development.; By‑right development potential for up to 80 units as market‑rate apartments or 80 for‑sale condos.; Density bonus option allows a maximum of up to 122 units; with 15% affordable‑unit restriction, 103 market‑rate units with 19 affordable units.
