4618 Jones Riverside, CA $ 5,850,000
4618 Jones
$ 5,850,000
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4618 Jones

Riverside, CA, 92505
$ 5,850,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 36,938

Listed by Matthew Wenzel, Marcus & Millichap, matthew.wenzel@marcusmillichap.com
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Lots and Land for sale in Riverside, CA

for $5,850,000. The lot size is 4.54.

The Mikasa Luxury Villas development site is a fully entitled 117-unit multi-family project located at 4618 Jones Ave & 4663-4705 Hendrick Ave in the La Sierra neighborhood of the city of Riverside. The project was approved by the Riverside City Council on April 21, 2026 for the development of a 117-unit multi-family building on a site of 4.54 acres. The development will be Type V-A construction (woodframe/slab on grade) and will be composed of 15 multi-family buildings, 10 of which will be 2-story and 5 of which will be 3-story structures. The unit mix will be 43 one-bedroom units, 73 two-bedroom units, and one studio. The project also includes a community hall, gym, pool, spa and play area. Architectural features will include balconies/patios, smooth finish stucco, accent stone laminate, wood siding, metal guardrails and flat roofs. A total of 215 parking spaces will be provided, 175 garage spaces plus 40 open spaces. Building construction will total approximately 193,421 square feet of new development. The site is located street-to-street between Jones Ave and Hendrick Ave with the main entrance on Jones Ave. The site is surrounded by two-story multifamily located to the south and one-story, single-family residences to the west, north, and east. The site is also located only 1.3 miles north of the 91 freeway.

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Lots and Land Active

Price

$ 5,850,000

Property Type

Lots and Land

Taxes

$ 0

Style

Lot Size

4.54

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

PW26208203

Days on Market

10

Features
General
Sewer Public Sewer
Utilities Electricity Available Sewer Available Water Available
Zoning R-3-1500
HOA Fee 0
View Hills
Community Features Suburban
Additional Parcels Description 143040010 143040011
County Riverside
New Construction false
Property Type Land
HOA false
Special Listing Conditions Standard
Status Active
Directions North of Hole Ave Frontage on both Jones Ave and Hendrick Ave
City Riverside
Senior Community Y/N false
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 197762
Listing Terms Cash Cash to New Loan
Land Lease Y/N false
Additional Parcels Y/N false
Standard Status Active
Tax Lot 29
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Exterior
Lot Features Lot Over 40000 Sqft Value In Land
Water Source Public
Lot Size Area 197762
Lot Size Acres 4.54
Lot Size Source Assessor
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* Excluded Features
List By
Matthew Wenzel

Listing Agent

Marcus & Millichap

Broker

matthew.wenzel@marcusmillichap.com

Email

Affordability Calculator

$36,938
Per Month
100%
0%
0%
Monthly Principal & Interest
$36,938
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/23/2026$5,850,000 Listed Price

Map


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4618 Jones, Riverside, CA, 92505 is a Lots and Land for sale at $5,850,000 with a lot size of 4.54. 4618 Jones has 0.0 baths. The property's zip code is 92505 which is in Riverside, CA