FOR SALE2.76 ACRES
Local Information
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Description
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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 4779 Tequesquite Ave
Interior Features |
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View No ViewView: None |
Days on Market |
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Days on Market: 180+ |
Property Information |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Price & Status |
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Price List Price: $6,750,000 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Riverside |
Agent Information |
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Listing Agent Listing ID: 22-143609 |
Lot Information |
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Lot Area: 2.76 Acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 22-143609 |
Last check for updates: about 9 hours ago
Listing courtesy of Filip Niculete DRE # 01905352, (818) 212-2817
Marcus & Millichap, (818) 212-2700
Glen Scher DRE # 01962976, (818) 212-2808
Marcus & Millichap, (818) 212-2700
Source: CLAW, MLS#22-143609
Price History for 4779 Tequesquite Ave
Date | Price | Event | Source |
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02/17/2023 | $6,750,000 | PendingToActive | CLAW #22-143609 |
09/12/2022 | $6,750,000 | Pending | CLAW #22-143609 |
04/05/2022 | $6,750,000 | Listed For Sale | CLAW #22-143609 |
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Comparable Sales for 4779 Tequesquite Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
---|---|---|---|---|---|---|---|
0.36 | Lot/Land | $195,000 | 08/31/23 | - | - | ||
1.02 | Lot/Land | $150,000 | 12/27/23 | - | - | ||
1.40 | Lot/Land | $154,990 | 08/23/23 | - | - | ||
1.55 | Lot/Land | $150,000 | 07/06/23 | - | - | ||
1.80 | Lot/Land | $270,000 | 08/09/23 | - | - | ||
2.25 | Lot/Land | $600,000 | 01/18/24 | - | - | ||
2.42 | Lot/Land | $1,150,000 | 09/13/23 | - | - | ||
2.44 | Lot/Land | $1,400,000 | 01/29/24 | - | - | ||
2.19 | Lot/Land | $510,000 | 08/24/23 | - | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown
- Mrvargas1987
- Resident
- 2mo ago
"Heading to the main streets there are many cars that don’t check when turning. Traffic can be a con if your pet likes to run off. "
- Lucila Luna
- Resident
- 4mo ago
"I don’t have anything to say, I think everyone is aware of their surroundings and that’s what I taught my children. "
- Trulia User
- Resident
- 6mo ago
"I been leaving here in Riverside for 3 years Is a great place to leave but homeless people, and crackhead could be a problem sometimes "
- Trulia User
- Visitor
- 2y ago
"Very neighborly and small town environment. Architectural beautiful. Nice walking sidewalks and lots to see"
- Trulia User
- Resident
- 2y ago
"I've lived in quite a few cities in SoCal and this neighborhood is the best experience I've had. I moved here with my young son in 2018 and don't plan on leaving anytime soon. Not only is the scenery beautiful but it's family oriented, safe to walk at night, and the schools are amazing. the homes are vintage and have won Neighborhood of the Year many times. I am happy to call Downtown Riverside my home. "
- Trulia User
- Resident
- 2y ago
"No events to speak of but everyone is friendly and there is no drama between neighbors. Safe area where everyone watches out for each other. "
- Patty W.
- Resident
- 3y ago
"love downtown. living.. there are lots of trees and the architecture of the older homes is lovely. great friendly atmosphere. "
- Erica T.
- Resident
- 3y ago
"When downtown has festival celebrations. Wonderful library’s and museum clubs places to eat . Collages hospitals . "
- Alyssa M. Y.
- Resident
- 3y ago
"family friendly neighborhood, safe, quiet, beautiful area for family walks, and Bryant Elementary is absolutely amazing"
- Angellokes
- Resident
- 3y ago
"Wouldn’t suggest walking at night, 2 murders in less then a week and lighting is pretty bad on Victoria "
- Lina A. G. G.
- Resident
- 4y ago
"There’s not much traffic and my commute to my job is 5 minute driving and 15 walking to work. To go to events or anything is super close to walk there. It’s nice and safe even at night time "
- David L.
- Resident
- 4y ago
"I HAVE LIVED DOWNTOWN RIVERSIDE FOR 21 YEARS. IT CAN BE A VERY SCARY AREA. CRIME IS HIGH. DRUG ARE EVERY WHERE. THINGS CAN CHANGE FROM OK TO BAD IN SECONDS. "
- David L.
- Resident
- 4y ago
"downtown Riverside is a very dangerous area there are a lot of homeless vagrants parolee houses child molesters it is not a safe place to raise a family I have lived downtown for 20 years"
- Jacob G.
- Resident
- 5y ago
"Lots of homeless and transients the closer to the main streets. Very little of it the further away from the main busy part of downtown"
- Josh J.
- Resident
- 5y ago
"they would like Rubidoux mountain and the park. The park is also well lit at night and has a nice track."
- Trulia User
- Visitor
- 5y ago
"Quiet and friendly neighborhood. Family and pet inclusive. Would recommend area to anyone searching for a new home."
- Norma M.
- Prev. Resident
- 5y ago
"Grew up in the area but recently moved. Money for property being rented is waay to high for an area infested with homeless, drugs addicts which leads to a lot of break ins."
- TS
- Resident
- 5y ago
"While some of the homes are redone inside, the neighborhood is still what it is. The rent is very high (as in $400 more than it should be) and not worth it."
- Darren G. K.
- Resident
- 5y ago
"Quiet and friendly neighborhood. Family and pet inclusive. Would recommend area to anyone searching for a new home."
- Ellismariejennifer
- Resident
- 5y ago
"there is to many cars and noise I would think it would bug the dogs I know it bugs me all the time I don't have any dogs though"
- Falsexletters
- Resident
- 5y ago
"Dogs are always being walked in this neighborhood. There are plenty of places to walk to, there can be a lot of traffic during business hours, so it might be a little more dangerous to walk a dog around these times."
- Annie
- Resident
- 5y ago
"easily access 91, 60, 215. RCH is 5 minutes away, kaiser riverside is 25, and corona regional medical center is 35 minutes."
- Michelle F.
- Prev. Resident
- 5y ago
"beautiful neighborhood with such character in the architecture. great mix of people and made forever friends with some of my neighbors on Prospect Hill. "
- Michelle F.
- Prev. Resident
- 5y ago
"music events, street markets, bars restaurants galore! great mix of age/ethnicity/economic background. "
- Michelle F.
- Prev. Resident
- 5y ago
"living downtown you get to be on the forefront of change and the evolution of a city core. it makes you connect with your community and I love the beauty that the diversity gives a neighborhood. "
- Salgado h.
- Resident
- 5y ago
"A lot of homeless people and they come in our yard and take showers with our hose they also sometimes sleep in our driveway "
- Erica O.
- Resident
- 5y ago
"Walking distance from Downtown Riverside; location of mission inn antique stores resturance bars and coffee houses. Also very close to unique and artistic park where you could walk to Rubidoux Mountain. R'mountain is a grate place to hike many go up for a nice fresh view up the mountain to see the city lights and unique view. And if your not a walker you could always go though the Santana Bike trail and test your self how far you could go. It's an active location and could always find something to do; with friendly a neighborhood everybody is welcomed "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Filip Niculete, Marcus & Millichap
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.