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1964 Marlborough Avenue $3,995,000

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    1964 Marlborough Avenue Riverside, CA 92507

    • 3.16 Acres
    • Land
    • MLS# DW22205684
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    Views: 6 Days On Market: 77

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    Property Details

    This is an amazing opportunity for developers or investors to build within an already developed community. This big, flat, and valuable land could have up to 35 townhomes built per the City of Riverside Planning Dept. The land is in a quiet area that is very close to the University of Riverside and the 215 freeway. Water, Sewage, and Power are connected at the front of all 3 lots with sewage, water, and power connections also available at the rear of the lots ready to be developed. The property consists of 3 lots that are all being sold together. The lot acreage/sqft is as follows: 1.1(47,916 sqft), .93(40,511 sqft), 1.13(49,223 sqft). Although 2 of the lots do have a small single-family residence and the West side lot having a duplex on the front end of the property, we are selling the property with the value in the land. All information is to be verified and satisfied by the buyer's own due diligence.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.000 %
      • Community Features Curbs, Sidewalks, Storm Drains, Suburban
      • County Or Parish Riverside
    • Property Features
      • Lot Size Acres 3.16
      • View Error: ClassID in tblMLSFieldPropertyType is null.
      • Lot Features 2-5 Units/Acre, Lot Over 40000 Sqft, Value In Land

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    Neighborhood

    92507 (Riverside) Demographics

    26 Median Age
    2,948 Population Density (per sq. mile)
    37% College Educated
    $54,701 Estimated Median Income
    5,678 Estimated Total Home Owners
    11,165 Estimated Total Renters
    34% / 66% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    59,612 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $595,000 Median Sales Price
    18 Homes Sold
    18 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,995,000
        9/20/2022 5:36:00 PM New in Database Source: Multiple Listing Service New Value: $3,995,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 12/6/2022 10:47:16 PM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.