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4618 Jones , Riverside, CA 92505
$5,850,000
Est. Payment: $30,856.93/mo
0 Bed
0 Bath
0 Sqft
Status: ACTIVE | Days on site: 3
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Chris Heller
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House Description

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 and provides for three points of ingress/egress. 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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Highlights

Listed by Matthew Wenzel , 714-875-2878 Marcus & Millichap , 562-257-1200. San Diego County Multiple Listing Service mls logo

Property Type

Vacant Land
Lot/Acreage
4.54

County

Riverside

Listing ID

PW26208203

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features
Principal Interest
$30,857
Taxes
$3,729

Home Price

$5,850,000

Loan Details

30 yrs
6.911%

Down Payment

20%
$1,170,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$30,856.93

Principal

Taxes

Principal Taxes HOA Total
Monthly $30,856.93 $3,729.38 $0.00 $34,586.30
Yearly $370,283.13 $44,752.50 $0.00 $415,035.63
Total $11,108,493.87 $1,342,575.00 $0.00 $12,451,068.87

Today's Rates

30 Year

6.91%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Riverside, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-24T17:56:13.000Z

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