8527 Janet AVE Riverside, CA 92503
2.89 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26062399
HOA Y/N No
Lot Size 2.890 Acres
Property Description
Janet Avenue Apartments presents a rare RTI development opportunity for a 104-unit senior (55+) apartment community located at 8527 Janet Avenue in Riverside, California. The project sits on approximately 2.89 acres in an established residential neighborhood, offering a prime infill location within one of the Inland Empire's strongest multifamily markets. The fully designed project includes two three-story buildings with a balanced unit mix of one- and two-bedroom apartments, designed specifically for independent senior living. Planned amenities include over 39,000 square feet of open and recreational space, resident lounges, landscaped courtyards, and outdoor gathering areas with BBQ and fireplace features. The development also includes a total of 114 parking spaces of which 62 are covered parking spaces, EV-ready charging stations, and ADA-accessible design throughout. With completed plans, plan-check corrections, and no public funding restrictions, the project provides investors and developers with a streamlined path to construction in a supply-constrained housing market. The property is ideally located near Kaiser Permanente Medical Center, Galleria at Tyler, major retail corridors, and the 91 and 15 freeways, providing convenient access throughout Riverside County and the greater Inland Empire. Strong regional demographics, expanding senior population, and limited new age-restricted housing supply position this project as a compelling opportunity to deliver modern senior housing with long-term income potential. At $17,300/unit,this is one of the cheapest land projects in the market. All utilities near by.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R-3-1500
Interior
Fireplace No
Exterior
Fence Block, Chain Link
Community Features Curbs, Street Lights
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
View Y/N No
View None
Present Use Unimproved
Building
Lot Description 26-30 Units/Acre, Value In Land
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 151111034
Acceptable Financing Cash, Owner May Carry, Submit
Listing Terms Cash, Owner May Carry, Submit
Special Listing Condition Standard
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