Description
This is an exciting investment opportunity. 1.18 acres in western Riverside's La Sierra community, Close to La Sierra University, The Galleria at Tyler, Kaiser Permanente hospital, restaurants, shopping and and more. R-3-1500 zoning allows up to 29, 2 story units (apartments or condos), subject to City of Riverside design reviewapproval. This property was previously marketed at $1M. The current pricing may allow a tidy profit from development and selling units or even apartments delivering a solid ROI. The City may also entertain possible high density proposals. The value is in the land. There is an existing SFR and other structures on the property. The land, and all that remains, is sold As Is.
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