4779 Tequesquite Ave, Riverside, CA, 92501

4779 Tequesquite Ave, Riverside, CA, 92501 < >
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for sale
$6,750,000
Lot Size:2.76 Acres
Status:Active
MLS #:22143609
Date Updated:
For information contact:
CENTURY 21 MASTERS - Diamond Bar
(909) 595-5597
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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.
Exterior Details
Lot Size Acres: 2.7600Lot Size Square Feet: 120226.00
View: None

Community Information
County Or Parish: RiversideDirections: Tequesquite & San Andreas
MLS Area Major: 252 - RiversideSenior Community YN: 0

Property Information From MLS Data
Parcel Number: 217093001Property Type: Land

Financial Information
Association Fee: 0.00

Listing Information Courtesy of:
List Agent First Name: Filip
List Agent Last Name: Niculete
List Office Name: Marcus & Millichap

Walk Score® for 4779 Tequesquite Ave
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Schools near 4779 Tequesquite Ave
Monthly Payment for 4779 Tequesquite Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$6,750,000
Down Payment:
Loan Amount:$5,400,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Filip Niculete, Marcus & Millichap

Information obtained from CACRMLS is current as of 8/17/2022 4:14 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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