Pro City Affordable/Senior Apartment Conversion

10545 Magnolia Ave, Riverside, CA 92505

  • For Sale $11,525,000
  • Property Type Multi-Family
  • Property Size 18,226 SF
  • Units 68
  • Lot Size 0.79 Acre
  • Additional Rent Contact for pricing
  • Year Built 1992
  • Date Updated Oct 22, 2024
This Affordable Housing Conversion Opportunity is located on Highly Exposed Magnolia Avenue just West of the 91 Freeway in the City of Riverside. The Location offers appealing amenities to prospective Tenants conducive to permanent residency.Built in 1992, The 'Affordable Housing Conversion Opportunity' is an existing Days Inn Hotel with 68 Rooms in a 3-story Building with approximately 18,166 Square Feet located on an approximate 34,424 Square Foot Lot. The City of Riverside Planning Department has enthusiastically indicated that the current Zoning will allow for a conversion to permanent Affordable Housing/Senior Housing/Senior Care. THE SELLER HAS REQUESTED THAT ALL PROPERTY SHOWINGS BE COORDINATED THROUGH THE LISTING AGENT. THE STAFF IS NOT AWARE OF THE SALE AND IS NOT TO BE CONTACTED. SHOULD A BUYER/AGENT CONTACT THE STAFF AND DISCUSS THE SALE THEY ARE TO BE DISQUALIFED FROM OFFER ACTIVITY

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Highlights

  • - 18,226 SF building with 68 units
  • - Constructed in 1992, offering modern amenities
  • - Zoned MU - U for versatile repositioning potential
  • - Excellent street exposure for maximum visibility
  • - Proximity to significant commercial and medical developments
  • - Convenient access to the 91 Freeway for seamless connectivity
  • - Well-maintained property
  • - City planning supports conversion to Affordable Housing/Senior Living/Senior Care

Contacts

broker

Luis Vazquez

Sperry Commercial

Location

Getting Around

  • Walk Score ®

    76/100 Very Walkable

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Riverside, CA
  • Neighborhood La Sierra
  • Zip Code 92505
  • Market Inland Empire

Points of Interest

  • Pedley

    4.80 miles

  • Corona–North Main

    5.88 miles

  • Riverside–Hunter Park/UCR

    9.75 miles

  • Sinclair

    0.35 miles

  • Speedway

    0.38 miles

  • eVgo

    0.46 miles

  • Arco

    0.86 miles

  • Chevron

    0.95 miles

  • Food 4 Less Gas

    1.39 miles

  • MG

    1.47 miles

  • Corona Supercharger

    6.42 miles

  • Eastvale - Limonite Ave SuperCharger

    6.91 miles

  • Riverside Supercharger

    7.18 miles

  • Parking Structure

    0.32 miles

  • Valet Parking Lot

    0.39 miles

  • Parking Terrace A

    0.42 miles

  • Parking Terrace B-1

    0.60 miles

  • GALERIA

    0.63 miles

  • Galleria Park And Ride

    0.65 miles

  • Public Parking

    1.29 miles

  • Lot M Annex

    1.68 miles

  • Lot O

    1.80 miles

  • Days Inn by Wyndham Riverside Tyler Mall

    0.01 miles

  • Rodeway Inn

    0.09 miles

  • Econo Lodge Inn & Suites

    0.65 miles

  • Simply Home Inn and Suites

    0.88 miles

  • Garden Inn

    1.57 miles

  • Hampton Inn & Suites

    1.71 miles

  • Ayres Hotel Corona East

    3.24 miles

  • Residence Inn

    5.10 miles

  • Holiday Inn Express & Suites Corona

    5.38 miles

  • Knights Inn

    5.38 miles

  • Del Taco

    0.09 miles

  • OK Tofu House

    0.11 miles

  • Amy's Cafe

    0.11 miles

  • Dragon House

    0.13 miles

  • Cañada's Grill

    0.19 miles

  • Sushi Okoku

    0.22 miles

  • Punjab Palace

    0.25 miles

  • Boy's #3 Burgers

    0.26 miles

  • Tacos Bahia Fish

    0.29 miles

  • IHOP

    0.30 miles

  • La Sierra High School

    0.66 miles

  • Collett Elementary School

    0.71 miles

  • Myra Linn Elementary School

    0.79 miles

  • Mission Career College

    1.06 miles

  • Christa S McAuliffe Elementary School

    1.14 miles

  • Arizona Middle School

    1.17 miles

  • Liberty Elementary School

    1.21 miles

  • Allan Orrenmaa Elementary School

    1.32 miles

  • Harrison Elementary School

    1.39 miles

  • Learning Bee School

    1.41 miles

  • Kids Unlimited Children's Center

    2.95 miles

  • Countryside Montessori Academy

    3.28 miles

  • Luv n Hugs Playground

    5.47 miles

  • TLC 4 Kids

    6.01 miles

  • Little Steps Montessori Preschool

    6.11 miles

  • QCS Corona del Rey Child Development Center

    7.06 miles

  • Stonebridge Christian Academy

    7.33 miles

Frequently Asked Questions

How much does Pro City Affordable/Senior Apartment Conversion cost?

The space currently listed for sale at Pro City Affordable/Senior Apartment Conversion asks for $11,525,000.

What is the total square footage of Pro City Affordable/Senior Apartment Conversion?

Pro City Affordable/Senior Apartment Conversion totals 18,226 square feet.

When was this property built?

Pro City Affordable/Senior Apartment Conversion was built in 1992.

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Contact Listing Broker

broker

Luis Vazquez

Sperry Commercial