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    Cor Of Van Buren Blvd And Alta Cresta Ave Riverside, CA 92508

    Sponsored
    For Sale
    Contact for pricing

    13.77 Acres, R-3 Zoning, High Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 13.77-acre site presents a prime development opportunity in Riverside, CA. Located on the southeast corner of Van Buren Boulevard and Alta Cresta Avenue (also known as Chicago Avenue), this property boasts a highly desirable R-3-1500 zoning designation, allowing for a high-density residential development. The APN is 266-020-061. All utilities are conveniently located on-site. The property's strategic location offers unparalleled access to major transportation arteries, placing it within close proximity to the 215 Freeway. Its central location also benefits from its proximity to established residential communities, numerous retail establishments including national chains such as KFC, Subway, and O'Reilly Auto Parts, as well as restaurants like Farmer Boys and Jack in the Box. Furthermore, the site is within walking distance of Woodcrest Christian School System and Franklin Miller Middle School, enhancing its appeal to families. A proposed density of 25 dwelling units per acre suggests a potential for approximately 344 units, making this a truly remarkable opportunity for high-return residential development in a thriving Riverside location.

    Property Features for 0 Cor Of Van Buren Blvd And Alta Cresta Ave

    General Information

    Property type
    Land
    Lot Size
    599,821 SF

    HighLights

    • Corner lot at major Riverside intersection.
    • Southeast corner of Van Buren Blvd and Alta Cresta Ave (Chicago Ave).
    • Central location near freeways 215 and 91.
    • Walking distance to Woodcrest Christian School and Frank Miller Middle School.
    • Adjacent to established residential neighborhood.
    • Surrounded by numerous retail stores including national chains.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.34844012389
    Latitude
    33.886107616617

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    FAQs

    What type of property is this?
    Land - 13.77 Acres, R-3 Zoning, High Density Potential
    Where is this land located?
    The property is located at Cor Of Van Buren Blvd And Alta Cresta Ave Riverside, CA.
    What are key features of this property?
    This property features: Corner lot at major Riverside intersection.; Southeast corner of Van Buren Blvd and Alta Cresta Ave (Chicago Ave).; Central location near freeways 215 and 91.
    (909) 576-6888
    Request Owner's contact information
    Cor Of Van Buren Blvd And Alta Cresta Ave Riverside, CA 92508
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    Riverside, CA 92508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cor Of Van Buren Blvd And Alta Cresta Ave Riverside, CA 92508
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