We are pleased to present 4779 Tequesquite Avenue located at the edge of Downtown Riverside, California. This large 2.76 acre lot is being offered for sale for the first time in 18 years, and it is one of the last remaining vacant lots in Riverside zoned for multi-residential development.According to our research, this R-3 zoned lot will allow a developer to build 80 market-rate apartment units (or 80 for-sale condos) using the "by-right" zoning, or a developer can take advantage of the state's density bonus and build a maximum of 122 units. If you utilize this density bonus, at least 15% of the units will need to be restricted to affordable housing, which means you can build 103 market-rate units with 19 affordable units.The lot is in a very desirable part of Riverside, nestled next to a beautiful mountain range, and within walking distance of hiking trails that lead up to the famous Mount Rubidoux Park. The lot is only 1 mile away from the center of downtown Riverside and less than 4 miles from the UC Riverside campus.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Filip Niculete
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 2.76 Acres
School Info
Assigned Schools Information:
Polytechnic High School, Public District Grades 9-12
Central Middle School, Public District Grades 5-8
Magnolia Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: Tequesquite & San Andreas
Price Information
Listing Price Info
Price Summary:
List Price: $6,750,000
Tax Information:
Annual Amount: $8,376
Tax Year: 2021
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Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Riverside, CA.
This property is $6.1M more than the Median Sold Price in Riverside, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #22143609
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Filip Niculete
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 7:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,376
$698,022
2020
$8,376
$690,865
2018
$8,079
$664,039
2017
$10,408
$651,019
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Magnolia Elementary School
3975 Maplewood Pl
Distance between this listing and this school1.02 miles
Public District Grades KG-6
Middle School
3
/10
Central Middle School
4795 Magnolia Ave
Distance between this listing and this school0.64 miles
Public District Grades 5-8
High School
6
/10
Polytechnic High School
5450 Victoria Ave
Distance between this listing and this school2.26 miles
Public District Grades 9-12
Assigned Schools
6
/10
Magnolia Elementary School
3975 Maplewood Pl
Distance between this listing and this school1.02 miles
Public District Grades KG-6
Nearby Schools
5
/10
Bryant Elementary School
4324 3rd St
Distance between this listing and this school1.26 miles
Public District Grades KG-6
7
/10
Pachappa Elementary School
6200 Riverside Ave
Distance between this listing and this school1.49 miles
Public District Grades KG-6
Assigned Schools
3
/10
Central Middle School
4795 Magnolia Ave
Distance between this listing and this school0.64 miles
Public District Grades 5-8
Nearby Schools
3
/10
Sierra Middle School
4950 Central Ave
Distance between this listing and this school1.92 miles
Public District Grades 7-8
2
/10
Mission Middle School
5961 Oso Ln
Distance between this listing and this school2.26 miles
Public District Grades 7-8
Assigned Schools
6
/10
Polytechnic High School
5450 Victoria Ave
Distance between this listing and this school2.26 miles
Public District Grades 9-12
Nearby Schools
1
/10
Gateway College and Career Academy
4800 Magnolia Ave
Distance between this listing and this school0.84 miles
Public Charter Grades 10-12
2
/10
Rubidoux High School
4250 Opal St
Distance between this listing and this school2.43 miles
The neighbors living near this home have an average income of $33,958. Typical income of Riverside, CA residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4779 Tequesquite Ave
What is the listing price of this property?
The listing price of 4779 Tequesquite Ave property is $6,750,000.
What type of property is this?
The property 4779 Tequesquite Ave is land located in Riverside, California, 92501.
Is this property for sale now?
Active Listing: 4779 Tequesquite Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 4779 Tequesquite Ave are: Magnolia Elementary School: GreatSchools Rating 6/10Central Middle School: GreatSchools Rating 3/10Polytechnic High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $8,376 (source: MLS/based on county public records data).
How much acreage is this property?
The property 4779 Tequesquite Ave is 2.76 acres.
Interested in 4779 Tequesquite Ave? Let's connect.
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This home is located at 4779 Tequesquite Ave in Riverside, CA and zip code 92501 in the Downtown Riverside neighborhood. This home sits on a 2.76 acre lot. It has been listed on Rocket Homes since April 13, 2022 and is currently priced at $6,750,000.
Riverside, CA housing market in March 2024 saw over 92 listings sold above listed price, more than 33 sold at listed price and over 54 sold below. The number of homes for sale in Riverside, CA increased by 1.9% between February 2024 and March 2024. In March 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $631,054.
From Rocket Homes Real Estate and based on county public records data.