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Millman Team Real Estate

$5,850,000
4.54 Acre Lot

4618 Jones, Riverside, California 92505

  • Land Property Type
Property 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 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.

Basic Details
Land
For Sale
PW26208203
$5,850,000
Hills
4.54 Acre
Active
Features
: Public Sewer
: Electricity Available, Sewer Available, Water Available
$0
Address Map
CA
Riverside
Riverside
92505
Jones
4618
W118° 31' 15.4''
N33° 55' 12.4''
North of Hole Ave, Frontage on both Jones Ave and Hendrick Ave
252 - Riverside
R-3-1500
Additional Information
$0
$0
$0
$0
$0
: Suburban
: Lot Over 40000 Sqft, Value In Land
2026-09-23
: Public
Broker/Agent Information
Marcus & Millichap
Matthew Wenzel
Listing Information
PWWENMAT
PB12429
Cash, Cash to New Loan
Active
2026-09-24T22:30:50Z
CRMLS
: Standard
2026-09-23T14:28:02Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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