Active
197,762 Lot Size4.54 Acres
4618 Jones, Riverside, CA 92505
Est: $31,231/moGet pre-approved
LandProperty Type
4.54 acresLot Size

Description

The Mikasa Luxury Villas development site is a fully entitled 117-unit multi-family project located at 4618 Jones Ave & 4663-4705 Hendrick Ave in the La Sierra neighborhood of the city of Riverside. The project was approved by the Riverside City Council on April 21, 2026 for the development of a 117-unit multi-family building on a site of 4.54 acres. The development will be Type V-A construction (woodframe/slab on grade) and will be composed of 15 multi-family buildings, 10 of which will be 2-story...The Mikasa Luxury Villas development site is a fully entitled 117-unit multi-family project located at 4618 Jones Ave & 4663-4705 Hendrick Ave in the La Sierra neighborhood of the city of Riverside. The project was approved by the Riverside City Council on April 21, 2026 for the development of a 117-unit multi-family building on a site of 4.54 acres. The development will be Type V-A construction (woodframe/slab on grade) and will be composed of 15 multi-family buildings, 10 of which will be 2-story and 5 of which will be 3-story structures. The unit mix will be 43 one-bedroom units, 73 two-bedroom units, and one studio. The project also includes a community hall, gym, pool, spa and play area. Architectural features will include balconies/patios, smooth finish stucco, accent stone laminate, wood siding, metal guardrails and flat roofs. A total of 215 parking spaces will be provided, 175 garage spaces plus 40 open spaces. Building construction will total approximately 193,421 square feet of new development. The site is located street-to-street between Jones Ave and Hendrick Ave with the main entrance on Jones Ave. The site is surrounded by two-story multifamily located to the south and one-story, single-family residences to the west, north, and east. The site is also located only 1.3 miles north of the 91 freeway.
1 day on Market
  • Listed by: Matthew Wenzel DRE #01198357 Brokerage DRE #00530854 • Marcus & Millichap matthew.wenzel@marcusmillichap.com
Last updated: 09/24/2026 08:28 AM • Source: CRMLS, MLS#: PW26208203

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Listing Courtesy of Marcus & Millichap, Matthew Wenzel, DRE #01198357
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Property Information for 4618 Jones

Property Details
  • MLS Type: Lot/Land
  • View: Hills
  • Lot Size Source: Assessor
  • Assessor Parcel Number: 143-040-012
  • New Construction: No
  • Pool: No
  • View: Yes
  • View: Yes
  • Association: No
  • Association Fee: $.00
  • Zoning: R-3-1500
  • Senior Community: No
  • Neighborhood: La Sierra
  • Parcel Number: 143040012
  • Area: Riverside (252)
  • Directions: North of Hole Ave, Frontage on both Jones Ave and Hendrick Ave
Building Information
  • Lot Size: 4.54 AC
Income / Expense / Tax Details
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $96
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Exterior Features
  • Structures: Value in Land
  • Other Structures: Value in Land
  • Miscellaneous: Value in Land
  • View Description: Hills
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Additional Parcels Description: 143040010, 143040011
  • Lot Features: Lot Over 40000 Sqft, Value In Land
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Electric
  • Utilities: Water Available, Sewer Available, Electricity Available
  • Electric: Electricity Available, Sewer Available, Water Available
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Lots/Land

Property History for 4618 Jones

DateEvent & SourcePriceAppreciation
Sep 23, 2026

Listed (Active)

CRMLS #PW26208203

$5,850,000—
Sep 23, 2026

Listed (Active)

SDMLS #PW26208203

$5,850,000—
Sep 21, 2026

Listed (Active)

CLAW #PW26208203MR

$5,850,000—
DateEvent & SourcePrice
09/23/2026

Listed (Active)

CRMLS #PW26208203

$5,850,000
09/23/2026

Listed (Active)

SDMLS #PW26208203

$5,850,000
09/21/2026

Listed (Active)

CLAW #PW26208203MR

$5,850,000

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

Schools near 4618 Jones

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Myra Linn Elementary School
PublicK to 5

Arizona Middle School
Public6 to 8

La Sierra High School
Public9 to 12

Mission View High
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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4618 Jones is a 4.54 ac of land for sale in Riverside, CA 92505. This property was listed for sale on September 21, 2026 by Marcus & Millichap, it's currently listed at $5,850,000. This listing's school district is Alvord Unified School District. Nearby schools include Myra Linn Elementary School, Arizona Middle School and La Sierra High School. 4618 Jones is a 0-bed, 0-bath 4.54 ac of land on a 197,762 sq. ft. / 4.54 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, Matthew Wenzel, DRE #01198357

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.