2270 Mt Vernon Avenue, Riverside, CA 92507

$900,000 Asking Price

9 beds
7 baths
2,496  sqft
Built in 1951

DEVELOPABLE LAND ALERT!!! Just minutes from the University of California, Riverside; this exceptional 4.34-acre property offers a unique investment opportunity. The land features seven separate units, including 9-bedrooms, 7 full-bathrooms throughout a fourplex and two story triplex. With panoramic views of the surrounding hills, valleys and beautiful view of the city, this property combines the tranquility of rural living with the convenience of being close to the city and UCR. Zoned Residential Conservation. There are also two additional parcels! One to the left (APN: 257-160-005) at 1.48 acres and one above (APN: 257-150-002) at 2.62 acres. Those of which are negotiable and could get you an additional 4.1 acres of land! Development play projected up to around 25 units/21,000 sqft of total potential with purchase of all three parcels.

Features & Amenities

Interior

Flooring:
Carpet,Wood
Heating:
N/K
Fireplace:
N/K

Exterior

Pool:
None
Parking:
Parking spaces: 0

Construction

General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Riverside

Lot

Topography:
Slope Steep
Zoning:
R1065, 257160006
View:
Mountains/Hills,City Lights

Utilities

Utilities:
Electricity Available,Propane,Water Available
Water:
Public
Sewer:
Unknown Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Keller Williams, The Lakes, Samantha Valdez

About Riverside, CA

Housing

Number of Units
117,460
Median Home Value
$425,369
Median Rent
$1,318

42.75% of housing units are renter occupied.

3.67% are vacant.

Commute

Car
75.18%
Public Transportation
2.06%
Walk to Work
1.69%
Work from Home
19.74%
Other
0.66%

The median travel time to work is 27 minutes.

People

Population
369,431
Median Age
33.20
Median Household Size
3.32

Education

High School
25.48%
Associate’s Degree
7.98%
Bachelor’s Degree
15.27%
Graduate Degree
10.52%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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