11325 Magnolia Ave

Riverside, CA
$ 2,999,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 2,999,000
  • City
  • Riverside
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • RIVERSIDE
  • Half Bathrooms
  • 0
  • Area
  • Riverside
  • Lot Size
  • 0.94 Acres
  • Zip
  • 92505
  • Style
  • MLS#
  • 26829657
Listed By: Oscar Diaz with Marcus & Millichap
Data Source: Combined LA/Westside MLS (CLAW)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Beverly Hills, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/5/2026 Listed $2,999,000

Property vs Zip Code Average in 92505

Price
AVG $880K
$3M
Visits
AVG 126
20
Data Provided by Inside Real Estate®

Areas That We Cover

11325 Magnolia Ave Riverside, CA is a Single Family Home for sale at $2999000 and a lot size of 0.94 Acres Acre(s). 11325 Magnolia Ave Riverside has 0 bedrooms, 0 baths . The property's zip code is 92505 which is in Riverside, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Your Agent
Karen Harrosh

Karen Harrosh

310-388-3455

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