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4779 Tequesquite Ave, Riverside, CA, 92501
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4779 Tequesquite Ave Riverside, CA, 92501

$6,750,000 Land temporarily withdrawn 2.76 acres

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.
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Property details

120,226 sqft interior area
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None
Land area
120,226 sqft (2.76 acres)
Price per sqft
$56/sqft
Days on Verhouse
775
Address
4779 Tequesquite Ave, Riverside, CA, 92501
City of California
Riverside
County
Riverside
District
Listing

Open Houses

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Listed by

Filip Niculete, Marcus & Millichap
Name
Filip Niculete
License number
01905352
Brokerage company
Marcus & Millichap
MLS #
CL22143609

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Calculate your monthly payments
Mortgage
$20,725
Taxes
$0
HOA dues
$0
$20,725 per month
Mortgage
$1,350,000 / 20%
2.28%
30 years
Your amount $20,725 / month

Lot details

TMK #217093001
Parcel #
217093001

92501 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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Bus stop
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Supermarket
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Costco
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Hospital
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Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data

People living in 92501

45%
Families with children
National average: 39%
28%
Non family households
264,603
Population
$81,661
Average Income

Age & gender

Median age 33 years
More info

Commute types

88% commute by car
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Education level

27% have high school education
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Number of employees

4% work in education and healthcare
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Vehicles available

36% have 2 vehicle
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Vehicles by gender

36% have 2 vehicle
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Housing market insights for

$627.97k
Neighborhood average
sales price*
$586k
Neighborhood median
sales price*
301
Number
of sales*

Housing type

69% are single detacheds
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Rooms

33% of the houses have 6 or 7 rooms
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Bedrooms

56% have 2 or 3 bedrooms
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Owners vs Renters

57% are owners
More info
11.5 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Location Details, Documents & Disclosures

Directions to property
Tequesquite & San Andreas

Price history

Temporarily Withdrawn May 17, 2024
Date Event Price $/sqft Source
May 17, 2024 Temporarily Withdrawn $6,750,000 56.14 MLS #CL22143609
Dec 6, 2023 For sale $6,750,000 56.14 MLS #CL22143609
Oct 24, 2023 Unavailable $6,750,000 0 MLS #CL22143609
Apr 5, 2022 New Listing $6,750,000 56.14 MLS #CL22143609

Agent viewpoints of 4779 Tequesquite Ave, Riverside, CA, 92501

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Frequently Asked Questions about 4779 Tequesquite Ave

What is 4779 Tequesquite Ave?

4779 Tequesquite Ave is a lot of 2.76 acres (about is 120,226 sqft).

What is the full address of this Land?

4779 Tequesquite Ave, Riverside, CA, 92501.

Tell me about the point of interest nearby

The closest grocery stores are Maxi Foods Market, 0.84 miles away and Rite Aid, 1.22 miles away.

Based on information from the bridgeMLS as of 05-18-2024. 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.

Listing last updated on: May 17, 2024
Verhouse Last checked 4 minutes ago


The closest grocery stores are Maxi Foods Market, 0.84 miles away and Rite Aid, 1.22 miles away.
The 92501 zip area has a population of 264,603, and 45% of the families have children. The median age is 33.25 years and 88% commute by car. The most popular housing type is "single detached" and 57% is owner.
Land Temporarily Withdrawn $6.75m 4779 Tequesquite Ave, Riverside, CA, 92501 2.76 acres Save House Remove from Saved