$2,000,000

Estimated payment $10,888/month

Total Views 3,421
2.89 Acres
$692,042 Price per Acre
125,888 Sq Ft Lot

About This Lot

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.

Listing Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 10/23/2025

Co-Listing Agent

Glen Scher

Marcus & Millichap License #01962976

Property Details

Property Type

  • Land

Lot Details

  • 2.89 Acre Lot
  • Property is zoned M2

Listing and Financial Details

  • Assessor Parcel Number 151-111-034

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 2.8900
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 151-111-034
  • Lot Size Area: 125888

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,411 $351,688 $351,688 --
2023 $4,411 $338,033 $338,033 $0
2022 $4,095 $331,405 $331,405 $0
2021 $4,037 $324,907 $324,907 $0
2020 $3,975 $321,576 $321,576 $0
2019 $3,926 $315,271 $315,271 $0
2018 $3,874 $309,090 $309,090 $0
2017 $3,806 $303,030 $303,030 $0
2016 $3,746 $297,089 $297,089 $0
2015 $3,695 $292,627 $292,627 $0
2014 $6,786 $286,896 $286,896 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 For Sale $2,000,000 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Accommodation
Grant Deed -- Accommodation
Grant Deed -- --
Grant Deed -- --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $157,000 --
Source: Public Records

Source: The MLS

MLS Number: 25613061

The MLS

APN: 151-111-034