4663 Hedrick Avenue, Riverside (City), 92505

Commercial - Multi-Family For Sale

$1,090,000

Beds
Baths
Sqft
1.72Acres
1960Built
21DOM
MLS® #: PW20026878
Active, 21 Days on Market

Development opportunity for possible 49-67 unit apartment complex depending on bonus density. City recommended multifamily use at 29 units per acre. Up to 35% density bonus for affordable housing or senior housing which could yield up to 67 units. Height Restriction set at 30'. Buyer to verify all information with the city of riverside. Some geotechnical work has been completed. Fantastic location on the west side of riverside. There's an SFR on the parcel currently so all utilities are present. Month to month tenant occupying the house for 1950/month. Offering cooperating broker commission.

Essential Information

MLS® #: PW20026878
Price: $1,090,000
Acres: 1.72
Year Built: 1960
Type: Commercial
Sub-Type: Multi-Family
Status: Active

Community Information

Address: 4663 Hedrick Avenue
Area: Riverside (252)
City: Riverside (City)
County: Riverside
State: CA
Zip Code: 92505

Amenities

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Interior

Heating: Central Furnace
# of Stories: 1

Exterior

Lot Description: 26-30 Units/Acre

Additional Information

Date Listed: February 6th, 2020
Days on Market: 21

Listing Details

Listing Agent: Nick Layana(01048041)
Listing Office: Layana, N.J., Realty

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Listing information last updated on February 28th, 2020 at 10:16pm PST.

Based on information from California Regional Multiple Listing Service, Inc. as of February 28th, 2020 at 8:41pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.