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0 Indiana Ave, Riverside, CA 92503
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0 Indiana Ave Riverside, CA 92503

$899,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$899,000 Get Pre-Qualified
Map preview of 0 Indiana Ave, Riverside, CA 92503

Property Overview: 0 Indiana Ave Riverside, CA has -- bedrooms, -- bathrooms, -- living square feet and 696,960 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great opportunity for builders and investors in a prime development area minutes to the 91 and 15 freeways. - 1 mile to the Metrolink station off La Sierra Ave. in Riverside, and 2 miles to the Costco and Walmart shopping centers off McKinley St. in Corona. - 3 parcels sold together with rolling terrain and access to utilities overlooking the cities of Riverside and Corona. - The land is low density R1-1000 but can be re-zoned for higher density R-3. - The land had been approved by the County of Riverside to build 16 single-family homes with Approved Tentative Tract Map, the permit had since expired. The New owner will start new plans with the County to build single-family homes or more lucrative multi-unit housing project. Seller can provide copies of all studies and reports made and presented to the County to get the approval for the expired Tract Map. - During Covid Seller started pre-approval re-zoning plans with the County to build a Residential 3 story Multi Unit Complex with 2 bedrooms 2 bathrooms units, pool, clubhouse etc. The seller could not proceed with the plans for lack of funding and expertise in the field. - Come and check out this gorgeous property nestled by the beautiful Lake Hills community. Make your plans, build your dreams.

Listed by Rasha Bazzi | BRE #01968397 | Radius Agent Realty
Last checked: 15 minutes ago | Last updated: March 31st, 2024 | Source CRMLS | DOM: 56
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Home details

Lot Sq. Ft
696,960
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
OC24043033
City
Riverside
County
Riverside
Time on Site
62 days

Open Houses for 0 Indiana Ave

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Property Details for 0 Indiana Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Owner
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 135280001
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Indiana Ave & Graywood Ct
Neighborhood Information
  • Community Features: Biking
View more facts & features

Local Riverside Agent

Sale History for 0 Indiana Ave

View property's historical transactions

  • March, 2024

  • Mar 1, 2024

    Date

    Active

    CRMLS: OC24043033

    $899,000

    Price

  • November, 2023

  • Nov 1, 2023

    Date

    Expired

    CRMLS: OC23066100

    $1,200,000

    Price

  • Apr 19, 2023

    Date

    Active

    CRMLS: OC23066100

    $1,075,000

    Price

  • Listing provided courtesy of CRMLS

    Indiana Avenue is a rare and remarkable investment opportunity that awaits development companies in the form of three adjacent lots situated on the border of Riverside/Corona, spanning 16 acres. The land parcels have the added advantage of utilities running through them, and the three lots will be sold together. The current zoning is R1/10000; Indiana Avenue has already been in the pre-approval stage with Riverside County to re-zone it for R3 (heavy residential). Per the pre-approval plan, a three-story, 72-unit apartment complex can be built on six acres with minimum grading, and each unit will be 1,150 square feet, comprising two bedrooms, two bathrooms, and a garage. The development will include a 2,600-square-foot clubhouse, a community pool, and 112 parking spaces. Grading plans are available on request. In addition, the current owner has plans for a 15-single-family home development in the pre-application stage. Gorgeous Indiana Avenue offers stunning views of two cities and is in a prime development area, just a mile from the 91 and 15 freeways. The land is only two miles from the Corona Costco and Walmart shopping center and less than a mile from the new Hillcrest High School. Nestled in the back of the Lake Hills community that faces Corona, this land is truly unique and one of the last-view lots in the area—situated in a very sought-after Riverside location, making it a perfect investment for developers with endless possibilities for development, for dreams big or small.

  • April, 2021

  • Apr 10, 2021

    Date

    Expired

    CRMLS: OC21000942

    $975,000

    Price

  • Jan 4, 2021

    Date

    Active

    CRMLS: OC21000942

    $975,000

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION DEVELOPERS! Here is a FANTASTIC opportunity to purchase 14.01 acres in a prime development area. These 3 parcels are to be sold together. Off Indiana Avenue & Graywood Court of Riverside, 1 mile from the new High School - Hillcrest. The land has been pre-approved by the county for a 48 apartment complex (1150 ft.², 2 Bd 2 Bth with 1 garage) on 5.12 acres, a clubhouse (2600 ft.²), and a community pool. Total parking spaces 112 for the units and clubhouse. The seller also has plans for a 15 single-family home development. So many opportunities!

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Tax History for 0 Indiana Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

0 Indiana Ave is listed 29.35% higher than the median list price for the city of Riverside which has a median list price of $695,000.

About 0 Indiana Ave

Detailed summary of property

0 Indiana Ave is a land located in Riverside, CA 92503 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 696,960 square foot lot. 0 Indiana Ave was first listed on ArdentRealEstateGroup.com on March 2, 2024. The homeowner is currently asking $899,000. The median priced home in Riverside is $695,000 with a median price per square foot of $364. Based on Ardent Real Estate Group's Riverside Market Data, this home is listed 29.35% higher than the median priced home. Local competing homes currently for sale include 0 El Sabronte, 0 Van Buren Blvd and 4077 Riverview Dr. While the average home in Riverside, CA is selling in 50 days, 0 Indiana Ave has a days on market of 56 days. There are currently 648 homes for sale in the Riverside real estate market and 608 of them are single family homes while 34 of them are condos and 6 are townhomes. For more information on this home for sale at 0 Indiana Ave Riverside, CA 92503 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 0 Indiana Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92503 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$715,555
Median List Price/Sq.Ft.
$362
Median Sold Price
$632,000
Median Sold Price/Sq.Ft.
$409
Total Inventory
125
Median Sale to List Price %
101.94%
Avg Days on Market
17
Loan Type
Conventional (45.45%), FHA (27.27%), VA (0%), Cash (12.12%), Other (15.15%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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