Riverside CA Real Estate & Land for Sale

DEVELOPERS DREAM!!VALUE IN LAND! Proposed 12-14 lot Sub-Division with 2 houses on a lot. BUYER AND AGENT TO SATISFY THEMSELVES WITH REAGRADS TO THE ZONING AND ALL ASPECTS. Please check with the city for more accurate information.

Located in the heart of Temecula this stunning lot is ready for a custom home. Surrounded by custom estates and walking distance to Saint Jeanne de Lestonnac elementary school this lot sits at the end of a cul-de-sac and has views of the valley. The graded pad is approximately .41 of an acre and the utilities are at the street. Of course there are many beautiful places to live in Temecula, but this is something special. Conveniently located to all kinds of shopping and entertainment from Temecula's world renowned Wine Country, restaurants, casinos, boutiques and mall to the one of a kind Old Town.

We are pleased to present 4779 Tequesquite Avenue located at the edge of Downtown Riverside, California. This large 2.76 acre lot is being offered for sale for the first time in 18 years, and it is one of the last remaining vacant lots in Riverside zoned for multi-residential development.According to our research, this R-3 zoned lot will allow a developer to build 80 market-rate apartment units (or 80 for-sale condos) using the "by-right" zoning, or a developer can take advantage of the state's density bonus and build a maximum of 122 units. If you utilize this density bonus, at least 15% of the units will need to be restricted to affordable housing, which means you can build 103 market-rate units with 19 affordable units.The lot is in a very desirable part of Riverside, nestled next to a beautiful mountain range, and within walking distance of hiking trails that lead up to the famous Mount Rubidoux Park. The lot is only 1 mile away from the center of downtown Riverside and less than 4 miles from the UC Riverside campus.