11325 Magnolia Ave

Riverside, CA 92505

$2,999,000
Price
40,946 / 0.94
Lot Size / Acres
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Description

We are pleased to present 11325 Magnolia Avenue, a 54-unit entitled multifamily development opportunity in Riverside, California, offered at $2,999,000. The entitlement is approved. Plans are in place for a 4-story wood-frame residential building on a flat 0.94-acre site on Magnolia Avenue. At $55,537 per buildable unit, the pricing reflects the entitlement work already completed and a site ready to move toward building permit. The building consists of 49 one-bedroom units and 5 two-bedroom units...We are pleased to present 11325 Magnolia Avenue, a 54-unit entitled multifamily development opportunity in Riverside, California, offered at $2,999,000. The entitlement is approved. Plans are in place for a 4-story wood-frame residential building on a flat 0.94-acre site on Magnolia Avenue. At $55,537 per buildable unit, the pricing reflects the entitlement work already completed and a site ready to move toward building permit. The building consists of 49 one-bedroom units and 5 two-bedroom units across four stories of residential space above ground-level parking. Designed by Hedgemon PD, LLC out of Newport Beach. The amenity package includes a gym, game room, 4th-floor viewing deck and outdoor lounge, central courtyard, tot lot, bike storage, elevator, in-unit laundry, and EV charging. Balconies on the majority of units. Parking totals 84 spaces including 3 ADA and 3 EV charging spaces. A rooftop solar zone is designated.11325 Magnolia Avenue sits on one of Riverside's highest-traffic arterials, providing the future building with strong street visibility and direct access to a proven rental corridor. California Baptist University sits directly on Magnolia Avenue, making this corridor a natural draw for students, faculty, and staff seeking housing within close proximity to campus. La Sierra University is 1.6 miles from the site, adding another significant base of rental demand to the immediate trade area. The University of California, Riverside, one of the region's premier research universities, further anchors Riverside as a destination for students, faculty, and young professionals who need quality housing. Kaiser Permanente Riverside Medical Center is less than a mile away and is currently undergoing a significant campus expansion: a new 5-story hospital tower adding 152 beds, a diagnostic and treatment building, and a 1,200-space parking structure across a 4.5-year construction program. The 91 Freeway is minutes from the site, connecting residents to employment centers across the Inland Empire and into the greater Los Angeles basin. The Inland Empire continues to face a structural undersupply of new multifamily housing relative to population and job growth. Riverside's rental market has maintained consistent occupancy in stabilized Class A product. Institutional capital is actively investing on this corridor. A developer acquiring this site steps into an approved entitlement, a completed building design, and a submarket with real demand drivers already in place.
  1. Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 11325 Magnolia Avenue

Zoning
R3
Parcel Number
142231007
Area
Riverside (252)
Lot Size Area
40946
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
142-231-007
Directions
From the I-10 and I-215 junction, take I-215 South and exit onto CA-60 East toward Riverside. Continue to exit for Magnolia Avenue and head south. Stay on Magnolia Avenue, and the property will be on your right.
LISTING UPDATED: 05/12/2026 12:06 AM

Property Details for 11325 Magnolia Avenue

StatusActive
MLS #26829657
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.94 AC
CountyRiverside County
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Location

Listing Courtesy of Marcus & Millichap, Oscar Diaz, DRE #02022902
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Building Information for 11325 Magnolia Avenue

Lot Size0.94 AC

Payment Calculator

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$16,035 per month

30 year fixed, 6.36% Interest

Principal and Interest

$14,944

Property Taxes

$1,091

HOA Dues

$0

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Property Information for 11325 Magnolia Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Other
  • Lot Acreage: 0.94
  • Lot Size Square Feet: 40946
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 05-04-2026

Property History for 11325 Magnolia Avenue

DateEvent & SourcePriceAppreciation
May 15, 2026

Expired

CRMLS #IV26034202

—
May 4, 2026

Listed (Active)

CRMLS #26829657

$2,999,000—
May 4, 2026

Listed (Active)

CLAW #26829657

$2,999,000—
DateEvent & SourcePrice
05/15/2026

Expired

CRMLS #IV26034202

—
05/04/2026

Listed (Active)

CRMLS #26829657

$2,999,000
05/04/2026

Listed (Active)

CLAW #26829657

$2,999,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 11325 Magnolia Avenue

Taxable ValueLand$259,995Additions$800,150Total$1,060,145
Tax Record2025$13,093 ($1,091 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,541 SqFtAbove Grade Finished SqFt1,541 SqFtStories1Lot Size40,946 SqFtStyleSingle Family ResidenceYear Built1946ZoningR3CountyRIVERSIDEAPN142-231-007Fireplace TypeHas Fireplace

Schools near 11325 Magnolia Avenue

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
S. Christa McAuliffe Elementary School
Public - K to 5
Ysmael Villegas Middle School
Public - 6 to 8
La Sierra High School
Public - 9 to 12
Alvord Continuation High School
Public - 9 to 12
Rating
School
Distance
S. Christa McAuliffe Elementary School
PublicK to 5

Ysmael Villegas Middle School
Public6 to 8

La Sierra High School
Public9 to 12

Alvord Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 11325 Magnolia Avenue, Riverside, CA 92505

11325 Magnolia Avenue is a 0.94 ac of land for sale in Riverside, CA 92505. This property was listed for sale on May 4, 2026 by Marcus & Millichap, it's currently listed at $2,999,000. It has been on the market for a total of 36 days and was last sold on January 29, 2025. This listing's school district is Alvord Unified School District. Nearby schools include S. Christa McAuliffe Elementary School, Ysmael Villegas Middle School and La Sierra High School. 11325 Magnolia Avenue is a 0-bed, 0-bath, 0.94 ac of land on a 40,946 sq. ft. / 0.94 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Oscar Diaz, DRE #02022902

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.