4618 Jones, Riverside, CA

$5,850,000

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4.54

Acres

About 4618 Jones

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.

Features of 4618 Jones

MLS® # PW26208203
Price $5,850,000
Acres 4.54
Type Land
Sub-Type Lots/Land
Status Active

Community Information

Address 4618 Jones
Area RIV CTY-RIVERSIDE (92505)
Subdivision La Sierra
City Riverside
County Riverside
State CA
Zip Code 92505

Amenities

Utilities Electric
Is Waterfront No
Has Pool Yes

Interior

Fireplace Yes

Additional Information

Date Listed September 23rd, 2026
Days on Market 4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMarcus & Millichap

Listing Map

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