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Lot/land
  • Listed by: Marcus & Millichap • Matthew Wenzel • Contact: matthew.wenzel@marcusmillichap.com
    $5,850,000

    4618 Jones Ave Lot 29, Riverside, CA 92505

    --beds
    --baths
    4.54Acres
    Unimproved Land
    Built in ----
    4.54 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    4 days
    28
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Matthew Wenzel DRE #01198357 matthew.wenzel@marcusmillichap.com,

    Marcus & Millichap

    Source: CRMLS,MLS#: PW26208203MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Property

      Features
      • Has view: Yes
      • View description: Hills
      Lot
      • Size: 4.54 Acres
      • Features: Lot Over 40000 Sqft, Value In Land
      Details
      • Additional parcels included: 143040010, 143040011
      • Parcel number: 143040012
      • Zoning: R-3-1500
      • Special conditions: Standard

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Features: Suburban
      Location
      • Region: Riverside

      Financial & listing details

      • Date on market: 9/23/2026
      • Cumulative days on market: 4 days
      • Listing terms: Cash,Cash to New Loan

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/23/2026Listed for sale$5,850,000
        Source: CRMLS #PW26208203 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: La Sierra

        Getting around

        29 / 100
        Some Transit

        Nearby schools

        GreatSchools rating

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