City Approved Conversion to Permanent Affordable Housing

For Sale

10545 Magnolia Ave, Riverside, CA 92505

This Riverside property for sale is located at 10545 Magnolia Ave. The current listed sale price for City Approved Conversion to Permanent Affordable Housing is $11,525,000. City Approved Conversion to Permanent Affordable Housing is situated on a lot that is 0.79 acre in size.

Contacts

broker
Luis Vazquez

Sperry Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 18,226 SF
  • Units 68
  • Lot Size 0.79 Acre
  • Year Built 1992
  • Date Updated Mar 21, 2025
This Affordable Housing Conversion Opportunity is located on Highly Exposed Magnolia Avenue just West of the 91 Freeway in the City of Riverside. The Location is on the same street and in close proximity to Kaiser Permanente. The Location offers appealing amenities to prospective Tenants conducive to permanent residency.Enthusiastically endorsed by the City of Riverside for Conversion to Affordable/Senior Housing the Opportunity to Convert was Built in 1992, The 'Affordable Housing Conversion Opportunity' is an existing Days Inn Hotel with 68 Rooms in a 3-story Building with approximately 18,166 Square Feet located on an approximate 34,424 Square Foot Lot. The Seller has asked that all showings be arranged through the Listing Agent. The management is not to be disturbed and does not know about the Sale.
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Highlights

  • - 18,226 SF building with 68 units
  • - Constructed in 1992, offering modern amenities
  • - Zoned MU - U for versatile repositioning potential
  • - Excellent street exposure for maximum visibility
  • - Proximity to significant commercial and medical developments
  • - Convenient access to the 91 Freeway for seamless connectivity
  • - Well-maintained property
  • - City of Riverside has confirmed the Potential Comversion to Permanent Affordable Housing and is Enthusiastic about Affordable Housing at the Site.

Getting around

  • 76/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 58/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Riverside, CA
  • Neighborhood La Sierra
  • Zip Code 92505
  • Market Inland Empire

Points of Interest

  • Pedley

    4.80 miles

  • Corona–North Main

    5.88 miles

  • Riverside–Hunter Park/UCR

    9.75 miles

  • Sinclair

    0.35 miles

  • Speedway

    0.38 miles

  • eVgo

    0.46 miles

  • Arco

    0.86 miles

  • Chevron

    0.95 miles

  • Food 4 Less Gas

    1.39 miles

  • MG

    1.47 miles

  • Corona Supercharger

    6.42 miles

  • Eastvale - Limonite Ave SuperCharger

    6.91 miles

  • Riverside Supercharger

    7.18 miles

  • Parking Structure

    0.32 miles

  • Valet Parking Lot

    0.39 miles

  • Parking Terrace A

    0.42 miles

  • Parking Terrace B-1

    0.60 miles

  • GALERIA

    0.63 miles

  • Galleria Park And Ride

    0.65 miles

  • Public Parking

    1.29 miles

  • Lot M Annex

    1.68 miles

  • Lot O

    1.80 miles

  • Days Inn by Wyndham Riverside Tyler Mall

    0.01 miles

  • Rodeway Inn

    0.09 miles

  • Econo Lodge Inn & Suites

    0.65 miles

  • Simply Home Inn and Suites

    0.88 miles

  • Garden Inn

    1.57 miles

  • Hampton Inn & Suites

    1.71 miles

  • Ayres Hotel Corona East

    3.24 miles

  • Residence Inn

    5.10 miles

  • Holiday Inn Express & Suites Corona

    5.38 miles

  • Knights Inn

    5.38 miles

  • Northgate Market

    0.23 miles

  • ALDI

    0.27 miles

  • Burlington

    0.30 miles

  • Kohl's

    0.39 miles

  • Ross

    0.40 miles

  • Target

    0.46 miles

  • Smart & Final

    0.49 miles

  • JCPenney

    0.57 miles

  • Macy's

    0.59 miles

  • Cardenas

    0.80 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Luis Vazquez

Sperry Commercial

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