11325 Magnolia Ave, Riverside, CA 92505 - View 1
11325 Magnolia Ave, Riverside, CA 92505 - View 2
11325 Magnolia Ave, Riverside, CA 92505 - View 3
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11325 Magnolia Ave, Riverside, CA 92505

List Price: $2,750,000On Market FlagOn market
Jan 31, 20251,541 sqft2 beds1 baths
Listed by: AIMEE GHAFOURI
License #: 02193341
Phone #: 951-331-8453
CURB
Source:
CRMLS Logo
MLS #: IV25023551

Property Description

( Check The Pictures For Our Conceptual Design ) The property currently features a single-family residence and a detached garage, both slated for demolition to make way for a proposed 51-unit apartment development. The project includes: 46 one-bedroom units 5 two-bedroom units 82 parking stalls (all located on the first floor) A four-story building with a gross building area of 81,431 square feet Situated on a 40,946 square foot lot All units offered at market-rate rents The site is zoned MU-U-TA (Mixed-Use, Multi-Family, Urban Transit-Oriented). Comprehensive plans have already been prepared, including: Architectural design Structural engineering Civil engineering Geotechnical report MEP (Mechanical, Electrical, Plumbing) Title 24 Compliance This project is designed to maximize the potential of this prime location while adhering to zoning and transit-oriented development principles
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

-$12,522

TurboHome Estimated Value

$957,600

$621 sqft

High Valuation
$1,005,480
$652/sqft
Normal Valuation
$957,600
$621/sqft
Low Valuation
$909,720
$590/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$621/sqft$957,600

Neighborhood: La Sierra

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Comparative Value

$575K

$2.75M

4422 Lakeview Ct, Riverside, CA 92505

Sale Price: $575,000

Selected Comparable

10760 Starlight Ct, Riverside, CA 92505

Sale Price: $620,000

Selected Comparable

4142 Polk St, Riverside, CA 92505

Sale Price: $625,000

Selected Comparable

4464 Clarksdale Dr, Riverside, CA 92505

Sale Price: $690,000

Selected Comparable

11228 Cameron Dr, Riverside, CA 92505

Sale Price: $753,000

Selected Comparable

11325 Magnolia Ave, Riverside, CA 92505

List Price: $2,750,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
11325 Magnolia Ave, Riverside, CA 92505

11325 Magnolia Ave, Riverside, CA 92505

List: $2,750,000

Listed: 1/31/2025

Area:1,541 sqft
Price/sqft:$1,785
Beds:2
Baths:1
Year Built:
Lot Size:40,946

Comparable Properties

COMPARABLE
Choose comps
4422 Lakeview Ct, Riverside, CA 92505

4422 Lakeview Ct, Riverside, CA 92505

Sale: $575,000

1/15/20250.84 mi

Area:1,219 sqft
Price/sqft:$472
Beds:2
Baths:2
Year Built:
Weight:22.2%
4464 Clarksdale Dr, Riverside, CA 92505

4464 Clarksdale Dr, Riverside, CA 92505

Sale: $690,000

5/23/20250.88 mi

Area:1,690 sqft
Price/sqft:$408
Beds:3
Baths:2
Year Built:
Weight:20.3%
11228 Cameron Dr, Riverside, CA 92505

11228 Cameron Dr, Riverside, CA 92505

Sale: $753,000

2/4/20250.71 mi

Area:1,678 sqft
Price/sqft:$449
Beds:3
Baths:2
Year Built:
Weight:19.4%
10760 Starlight Ct, Riverside, CA 92505

10760 Starlight Ct, Riverside, CA 92505

Sale: $620,000

11/8/20240.82 mi

Area:1,428 sqft
Price/sqft:$434
Beds:3
Baths:2
Year Built:
Weight:19.0%
4142 Polk St, Riverside, CA 92505

4142 Polk St, Riverside, CA 92505

Sale: $625,000

3/5/20250.99 mi

Area:1,375 sqft
Price/sqft:$455
Beds:3
Baths:2
Year Built:
Weight:19.0%

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