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Jenn Smart

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4618 Jones , Riverside, CA 92505
$5,850,000
Est. Payment: $13,000.00/mo
4.54 Acres
Status: active | Days on site: 1
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PB12429 - PWWENMAT
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House 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.

Highlights

Listed by Matthew Wenzel , 949-419-3205 Marcus & Millichap , 562-257-1200. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land

Lot/Acreage
4.54

County

Riverside

Area

252 - Riverside

Listing ID

PW26208203

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Interior Features

Water:Public

Exterior Features

Lot:Lot Over 40000 Sqft,Value In Land,No Land Lease
Zoning:R-3-1500
Sewer:Public Sewer
Principal Interest
$13,000
Taxes
$3,729

Home Price

$5,850,000

Loan Details

30 yrs
0%

Down Payment

20%
$1,170,000
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Monthly Price:
$13,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,000.00 $3,729.38 $0.00 $16,729.38
Yearly $156,000.00 $44,752.50 $0.00 $200,752.50
Total $4,680,000.00 $1,342,575.00 $0.00 $6,022,575.00
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Riverside, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-14T09:37:47.000Z

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