City Approved Conversion to Permanent Affordable Housing

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
  • Year Built 1992
  • Date Updated Mar 31, 2025
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 is on the same street and in close proximity to Kaiser Permanente. The Location offers appealing amenities to prospective Tenants conducive to permanent residency.Enthusiastically endorsed by the City of Riverside for Conversion to Affordable/Senior Housing the Opportunity to Convert was 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 Seller has asked that all showings be arranged through the Listing Agent. The management is not to be disturbed and does not know about the Sale.
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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 of Riverside has confirmed the Potential Comversion to Permanent Affordable Housing and is Enthusiastic about Affordable Housing at the Site.

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 City Approved Conversion to Permanent Affordable Housing cost?

The space currently listed for sale at City Approved Conversion to Permanent Affordable Housing asks for $11,525,000.

What is the total square footage of City Approved Conversion to Permanent Affordable Housing?

City Approved Conversion to Permanent Affordable Housing totals 18,226 square feet.

When was this property built?

City Approved Conversion to Permanent Affordable Housing was built in 1992.

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Contact Listing Broker
broker
Luis Vazquez

Sperry Commercial

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