8527 Janet Avenue
About This Property
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.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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 | |||
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017