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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Riverside / 11325 Magnolia Avenue
11325 Magnolia Avenue Riverside, CA 92505 11325 Magnolia Avenue Riverside, CA 92505 11325 Magnolia Avenue Riverside, CA 92505 11325 Magnolia Avenue Riverside, CA 92505 11325 Magnolia Avenue Riverside, CA 92505 11325 Magnolia Avenue Riverside, CA 92505 View All Photos

$2,999,000

| Active

11325 Magnolia Avenue

Riverside, CA 92505

0.94
Acres
8
Days on Market
26829657
MLS#
Land
Structure
Residential
Zone
Contact
Listing OfficeMarcus & Millichap

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.

Property Details
Acres
0.94
Lot Size (sqft)
40946.0
Parking Spaces
0.0
Property Type
Purchase
County
Riverside
Region
Riverside
Zoning
R3
Original List Price
$2,999,000
MLS #
26829657
Property Subtype
Land
Parcel Number
142231007
MLS #
26829657
Date Listed
May 04, 2026
Address
11325 Magnolia Avenue
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Oscar Diaz (#CLW-C137355)
Listing Office: Marcus & Millichap (#CLW-X7515101)

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