8527 Janet Ave
Description
Janet Avenue Apartments presents a rare RTI development opportunity for a 104-unit senior (55+) apartment community located at 8527 Janet Avenue in Riverside, California. The project sits on approximately 2.89 acres in an established residential neighborhood, offering a prime infill location within one of the Inland Empire’s strongest multifamily markets. The fully designed project includes two...Ready to Issue Permit Ready 104-Unit Market Rate Senior Apartments Development Opportunity – Riverside, CA
Janet Avenue Apartments presents a rare RTI development opportunity for a 104-unit senior (55+) apartment community located at 8527 Janet Avenue in Riverside, California. The project sits on approximately 2.89 acres in an established residential neighborhood, offering a prime infill location within one of the Inland Empire’s strongest multifamily markets. The fully designed project includes two three-story buildings with a balanced unit mix of one- and two-bedroom apartments, designed specifically for independent senior living. Planned amenities include over 39,000 square feet of open and recreational space, resident lounges, landscaped courtyards, and outdoor gathering areas with BBQ and fireplace features. The development also includes a total of 114 parking spaces of which 62 are covered parking spaces, EV-ready charging stations, and ADA-accessible design throughout. With completed plans, plan-check corrections, and no public funding restrictions, the project provides investors and developers with a streamlined path to construction in a supply-constrained housing market. The property is ideally located near Kaiser Permanente Medical Center, Galleria at Tyler, major retail corridors, and the 91 and 15 freeways, providing convenient access throughout Riverside County and the greater Inland Empire. Strong regional demographics, expanding senior population, and limited new age-restricted housing supply position this project as a compelling opportunity to deliver modern senior housing with long-term income potential. At $17,300/unit,this is one of the cheapest land projects in the market. All utilities near by.
- Listed by Dilip Sheth • DRE #00925303 • Brokerage DRE #01857464 • Bankers Realty Exclusive, Inc. • 310-266-2754
Property Details for 8527 Janet Avenue
Property Details for 8527 Janet Avenue
| Status | Active |
|---|---|
| MLS # | SB26062399 |
| Days on Market | 2 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Lot/Land |
| Year Built | - |
| Lot Size | 2.89 AC |
| County | Riverside County |
Location
Building Information for 8527 Janet Avenue
Payment Calculator
$9,443 per month
30 year fixed, 6.46% Interest
$9,064
$379
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1Property Information for 8527 Janet Avenue
- Current Financing: None
- CFD/Mello-Roos Fee: $224
- Tax Lot: 24
- Assessments: Unknown
- Community Features: Curbs, Street Lights
- Fence: Chain Link
- Fencing: Block, Chain Link
- Structures: Value in Land
- Other Structures: Value in Land
- Miscellaneous: Value in Land
- View Description: None
- Distance To Water: near
- Distance To Sewer: near
- Distance To Electric: near
- Distance To Gas: near
- Sign on Property: No
- Lot Features: 26-30 Units/Acre, Value In Land
- Current Use: Unimproved
- Possible Use: Multi-Family
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Water: Public
- Sewer: Public Sewer
- Sewer/Septic: Cable TV, Electric, Telephone
- Utilities: Water Available, Sewer Available, Phone Available, Cable Available, Electricity Available
- Electric: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
- Water Source: Public
- Carport Spaces: 0
- Residential Styles: Lots/Land
Property History for 8527 Janet Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 31, 2026 | Listed (Active) CRMLS #SB26062399 | $1,800,000 | — |
| Mar 23, 2026 | Listed (Active) SDMLS #SB26062399 | $1,800,000 | — |
| Mar 23, 2026 | Listed (Active) CLAW #SB26062399MR | $1,800,000 | — |
| Jan 31, 2026 | Expired CRMLS #25613061 | — | |
| Jan 31, 2026 | Expired CLAW #25613061 | $2,000,000 | — |
| Oct 23, 2025 | Listed (Active) CRMLS #25613061 | $2,000,000 | — |
| Oct 23, 2025 | Listed (Active) CLAW #25613061 | $2,000,000 | — |
| Jan 1, 2017 | Expired CRMLS #SB15253697 | $600,000 | — |
| Dec 31, 2016 | Expired SDMLS #SB15253697 | — | |
| Dec 31, 2016 | Expired CLAW #SB15253697MR | — | |
| Nov 29, 2015 | Listed (Active) SDMLS #SB15253697 | $600,000 | — |
| Jan 1, 2015 | Listed (Active) CLAW #SB15253697MR | $600,000 | — |
| Jan 1, 2015 | Listed (Active) CRMLS #SB15253697 | $600,000 | — |
| Feb 20, 2012 | Sold (Public Record) Public Record #325621179 | $280,000 | +6.8% / yr |
| May 14, 2003 | Sold (Public Record) Public Record #112445244 | $157,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/31/2026 | Listed (Active) CRMLS #SB26062399 | $1,800,000 |
| 03/23/2026 | Listed (Active) SDMLS #SB26062399 | $1,800,000 |
| 03/23/2026 | Listed (Active) CLAW #SB26062399MR | $1,800,000 |
| 01/31/2026 | Expired CRMLS #25613061 | — |
| 01/31/2026 | Expired CLAW #25613061 | $2,000,000 |
| 10/23/2025 | Listed (Active) CRMLS #25613061 | $2,000,000 |
| 10/23/2025 | Listed (Active) CLAW #25613061 | $2,000,000 |
| 01/01/2017 | Expired CRMLS #SB15253697 | $600,000 |
| 12/31/2016 | Expired SDMLS #SB15253697 | — |
| 12/31/2016 | Expired CLAW #SB15253697MR | — |
| 11/29/2015 | Listed (Active) SDMLS #SB15253697 | $600,000 |
| 01/01/2015 | Listed (Active) CLAW #SB15253697MR | $600,000 |
| 01/01/2015 | Listed (Active) CRMLS #SB15253697 | $600,000 |
| 02/20/2012 | Sold (Public Record) Public Record #325621179 | $280,000 +6.8% / yr |
| 05/14/2003 | Sold (Public Record) Public Record #112445244 | $157,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8527 Janet Avenue
Schools near 8527 Janet Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Arlanza Elementary School PublicK to 5 | ||
Wells Middle School Public6 to 8 | ||
Norte Vista High School Public9 to 12 | ||
Summit Elementary PublicK to 5 |
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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Listing Courtesy of Bankers Realty Exclusive, Inc., Dilip Sheth, DRE #00925303
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.