4779 Tequesquite Avenue
4779 Tequesquite Avenue
$6,750,000
120,226 / 2.76
Description
We are pleased to present 4779 Tequesquite Avenue located at the edge of Downtown Riverside, California. This large 2.76 acre lot is being offered for sale for the first time in 18 years, and it is one of the last remaining vacant lots in Riverside zoned for multi-residential development. According to our research, this R-3 zoned lot will allow a developer to build 80 market-rate apartment units (or 80 for-sale condos) using the "by-right" zoning, or a developer can take advantage of the state's...We are pleased to present 4779 Tequesquite Avenue located at the edge of Downtown Riverside, California. This large 2.76 acre lot is being offered for sale for the first time in 18 years, and it is one of the last remaining vacant lots in Riverside zoned for multi-residential development. According to our research, this R-3 zoned lot will allow a developer to build 80 market-rate apartment units (or 80 for-sale condos) using the "by-right" zoning, or a developer can take advantage of the state's density bonus and build a maximum of 122 units. If you utilize this density bonus, at least 15% of the units will need to be restricted to affordable housing, which means you can build 103 market-rate units with 19 affordable units. The lot is in a very desirable part of Riverside, nestled next to a beautiful mountain range, and within walking distance of hiking trails that lead up to the famous Mount Rubidoux Park. The lot is only 1 mile away from the center of downtown Riverside and less than 4 miles from the UC Riverside campus.
- Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
- Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 4779 Tequesquite Avenue
Parcel Number
217093001
AreaRiverside (252)
Lot Size Area120226
Source Lot Size AreaVendor Enhanced
Assessor Parcel Number217-093-001
DirectionsTequesquite & San Andreas
Location
LISTING UPDATED: 12/28/2023 11:58 AM
Property Details for 4779 Tequesquite Avenue
Status | Active |
---|---|
MLS # | 22-143609 |
Days on Market | 603 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 2.76 AC |
County | Riverside County |
Location
Building Information for 4779 Tequesquite Avenue
Lot Size2.76 AC
Payment Calculator
$37,563 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4779 Tequesquite Avenue
Property History for 4779 Tequesquite Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4779 Tequesquite Avenue
Taxable ValueLand$726,221Additions-Total$726,221
Tax Record2023$8,702 ($725 / month)
Home Facts
Lot Size120,225 SqFtStyleCommercialCountyRIVERSIDEAPN217-093-001
Schools near 4779 Tequesquite Avenue
This home is within Riverside Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Magnolia Elementary School PublicK to 6 | ||
Central Middle School Public7 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Riverside Virtual PublicK 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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