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$1,800,000
● Land - For Sale

8527 Janet Avenue

Riverside, CA 92503
bedrooms
Studio
bathrooms
0 Bath
$8,839
Est. Monthly

About This Property

Ready to Issue Permit Ready 104-Unit Market Rate  Senior Apartments Development Opportunity – Riverside, CA

Janet Avenue Apartments presents a rare RTI development opportunity for a 104-unit senior (55+) apartment community located at 8527 Janet Avenue in Riverside, California. The project sits on approximately 2.89 acres in an established residential neighborhood, offering a prime infill location within one of the Inland Empire's strongest multifamily markets. The fully designed project includes two three-story buildings with a balanced unit mix of one- and two-bedroom apartments, designed specifically for independent senior living. Planned amenities include over 39,000 square feet of open and recreational space, resident lounges, landscaped courtyards, and outdoor gathering areas with BBQ and fireplace features. The development also includes a total of 114 parking spaces of which 62 are covered parking spaces, EV-ready charging stations, and ADA-accessible design throughout. With completed plans, plan-check corrections, and no public funding restrictions, the project provides investors and developers with a streamlined path to construction in a supply-constrained housing market. The property is ideally located near Kaiser Permanente Medical Center, Galleria at Tyler, major retail corridors, and the 91 and 15 freeways, providing convenient access throughout Riverside County and the greater Inland Empire. Strong regional demographics, expanding senior population, and limited new age-restricted housing supply position this project as a compelling opportunity to deliver modern senior housing with long-term income potential. At $17,300/unit,this is one of the cheapest land projects in the market. All utilities near by.
Unit Size
-
Days on Market
205 days
Land Size
2.89 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Listed By

Dilip Sheth
Bankers Realty Exclusive, Inc.

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Last updated: 2 months ago (CRMLS #SB26062399)

Price History

Date / Event Date Event Price
Sep 5, 2026 Relisted $1,800,000
Relisted
Jun 2, 2026 In contract -
In contract
Mar 23, 2026 Listed by Bankers Realty Exclusive, Inc. $1,800,000
Listed by Bankers Realty Exclusive, Inc.
Oct 23, 2025 Listed $2,000,000
Listed
The LAAA Team is pleased to present Janet Avenue Apartments, a RTI 104-unit senior (55+) apartment community located at 8527 Janet Avenue in Riverside, California. Positioned on a 2.89 acre infill parcel within a mature residential neighborhood, the project represents a rare large scale new construction opportunity catering to the region's expanding senior demographic. The thoughtfully designed community features modern three-story apartment buildings, abundant open space, and ample covered and EV ready parking, creating an inviting, amenity driven living environment for independent seniors in one of Inland Southern California's most resilient multifamily markets.PropertyDesigned by Broeske Architects & Associates, the Janet Avenue Apartments will consist of two three-story buildings totaling 104 units with a balanced, efficient mix of 36 one-bedroom/one-bath units (688 SF), 60 two-bedroom/one-bath units (730 SF), and 8 two-bedroom/one-bath corner units (875 SF). The project incorporates Type VB sprinklered construction (NFPA-13) and complies with 2019 CalGreen and CBC standards.Amenities include 39,000+ square feet of open and recreational space, indoor community lounges, courtyards with garden beds, and BBQ/fireplace gathering areas. Residents will benefit from 62 covered carport spaces, 12 EV-ready charging stations, and ADA compliant access throughout. With fully designed plans, completed plan-check corrections, and no public funding restrictions, Janet Avenue Apartments presents a streamlined path to entitlement and long-term operational stability.LocationLocated in the heart of western Riverside, the property offers proximity to retail, healthcare, and lifestyle amenities ideally suited for senior living. The community lies minutes from Kaiser Permanente Riverside, Galleria at Tyler, and major service retailers, with convenient access to the 91 and 15 Freeways connecting to Corona, Orange County, and the greater Inland Empire.Riverside has emerged as a regional hub for age-restricted housing, with numerous 55+ communities demonstrating consistent high occupancy and stable rent growth due to the area's affordable cost of living, temperate climate, and strong healthcare infrastructure. The Janet Avenue Apartments leverage these proven market fundamentals to deliver a sustainable, income-producing senior housing investment supported by enduring demographic trends and a strategic infill location.

Property Highlights

Exterior Details
Lot Features: TwentySixToThirtyUnitsAcre, ValueInLand
Lot Size Area: 125888
Lot Size Units: Square Feet
Lot Size Acres: 2.89
Lot Size Square Feet: 125888
Tax Lot: 24
Water Source: Public
Utilities Details
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
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Closing Price
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HOA + Taxes

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Frequently Asked Questions

When was property at 8527 Janet Avenue built and last sold?
The property at 8527 Janet Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8527 Janet Avenue is $1,818,000.
What are some comparable homes to 8527 Janet Avenue?
There are currently no comparable homes to 8527 Janet Avenue.