For Sale Lot / Land MLS# PW26208203

4618 Jones

Riverside, CA 92505

$5,850,000

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About 4618 Jones

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 with the main entrance on Jones Ave. 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.

Property details

Property

Type
land
MLS type
Land/Property
Status
Active
Lot
4.54
Original price
$5,850,000
MLS #
PW26208203

Exterior & lot

Lot
R-3-1500
View
Hills

Schools

District
Alvord Unified School District

Utilities

Utilities
Public Sewer, Public, Electricity Available, Sewer Available, Water Available
Water
Public
Sewer
Public Sewer

Financial

Parcel
143040012
Special conditions
Standard

Location

Area
252 - Riverside
County
Riverside
Neighborhood
La Sierra
Community
0.0
Directions
North of Hole Ave, Frontage on both Jones Ave and Hendrick Ave

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Listed by Matthew Wenzel, Marcus & Millichap

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.