$460,000
4812 Doane AVE Riverside, CA 92505
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$460,000
Est. payment /mo
0.45 Acres Lot
UPDATED:
09/30/2024 05:39 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24040150
HOA Y/N No
Lot Size 0.450 Acres
Property Description
The subject property is a ± 0.45 acre infill residential development site located at 4802-4812 Doane Ave. in the La Sierra community of Riverside, California.
The property is zoned R-3-1500 residential which allows for up to 29 dwelling units per acre. This zoning also allows for Unlimited Density for a 100% Affordable Housing project. The General Plan Land Use designation for this site is MU-V Mixed-Use Village which provides for medium to high density residential development with retail, office and service uses primarily at the street level to facilitate a pedestrian environment.
This site is located one block to the east of the busy La Sierra commercial corridor. The neighborhood in this area is primarily residential in nature and is composed of single-family residences, duplexes, fourplexes and small multi-family apartment buildings. Directly to the north of the subject property is the Church of Christ building.
The site is generally flat with approximately 100’ of frontage along Doane Avenue and approximately 131’ of frontage along Wells Avenue. This is an infill site and all utilities are available in in the street. Additionally, this site is in the Alvord Unified School District with elementary, middle and high schools all in close proximity.
Riverside is similar to the majority of Southern California in that residential development, in general, is in high demand and the market for new residential development sites is greatly supply restricted.
The property is zoned R-3-1500 residential which allows for up to 29 dwelling units per acre. This zoning also allows for Unlimited Density for a 100% Affordable Housing project. The General Plan Land Use designation for this site is MU-V Mixed-Use Village which provides for medium to high density residential development with retail, office and service uses primarily at the street level to facilitate a pedestrian environment.
This site is located one block to the east of the busy La Sierra commercial corridor. The neighborhood in this area is primarily residential in nature and is composed of single-family residences, duplexes, fourplexes and small multi-family apartment buildings. Directly to the north of the subject property is the Church of Christ building.
The site is generally flat with approximately 100’ of frontage along Doane Avenue and approximately 131’ of frontage along Wells Avenue. This is an infill site and all utilities are available in in the street. Additionally, this site is in the Alvord Unified School District with elementary, middle and high schools all in close proximity.
Riverside is similar to the majority of Southern California in that residential development, in general, is in high demand and the market for new residential development sites is greatly supply restricted.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R3-1500
Interior
Fireplace No
Exterior
Community Features Suburban
View Y/N No
View None
Building
Lot Description Corner Lot
Water Public
New Construction No
Others
Senior Community No
Tax ID 146231029
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Matthew Wenzel • Marcus & Millichap • mwenzel@marcusmillichap.com
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