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4618 JonesRiverside, CA 92505

Riverside County

$5,850,000List price
4.54Acre lot
8 days agoOn market

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.

Property Information

Property type
Land
Lot size
4.54 acres
Zoning
R-3-1500
Days on market
8
MLS® Listing#
PW26208203

Property Features

Community
Suburban
Utilities
Electricity Available · Sewer Available · Water Available
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Parcel number
143040012

Directions

North of Hole Ave, Frontage on both Jones Ave and Hendrick Ave

Listing Courtesy: Marcus & Millichap - matthew.wenzel@marcusmillichap.com

Presented by: Matthew Wenzel

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-21T00:00:00.000Z and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Licensed in the state of California.

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