4618 Jones, Riverside, CA 92505
4618 Jones, Riverside, CA 92505
4618 Jones, Riverside, CA 92505
4618 Jones, Riverside, CA 92505
4618 Jones, Riverside, CA 92505
4618 Jones, Riverside, CA 92505
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 5,850,000
Est. payment | /mo

4.54 Acres Lot

Save
$ 5,850,000
Est. payment | /mo
Save

4.54 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26208203

HOA Y/N No

Lot Size 4.540 Acres

Property Description

The Mikasa Luxury Villas development site is a fully entitled 117-unit multi-family project located at 4618 Jones Ave & 4663-4705 Hendrick Ave in the La Sierra neighborhood of the city of Riverside. The project was approved by the Riverside City Council on April 21, 2026 for the development of a 117-unit multi-family building on a site of 4.54 acres. The development will be Type V-A construction (woodframe/slab on grade) and will be composed of 15 multi-family buildings, 10 of which will be 2-story and 5 of which will be 3-story structures. The unit mix will be 43 one-bedroom units, 73 two-bedroom units, and one studio. The project also includes a community hall, gym, pool, spa and play area. Architectural features will include balconies/patios, smooth finish stucco, accent stone laminate, wood siding, metal guardrails and flat roofs. A total of 215 parking spaces will be provided, 175 garage spaces plus 40 open spaces. Building construction will total approximately 193,421 square feet of new development. The site is located street-to-street between Jones Ave and Hendrick Ave with the main entrance on Jones Ave. The site is surrounded by two-story multifamily located to the south and one-story, single-family residences to the west, north, and east. The site is also located only 1.3 miles north of the 91 freeway.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R-3-1500

Interior

Fireplace No

Exterior

Community Features Suburban

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N Yes

View Hills

Building

Lot Description Lot Over 40000 Sqft, Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 143040012

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Matthew Wenzel Marcus & Millichap matthew.wenzel@marcusmillichap.com, DRE #01198357

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

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4618 Jones