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  • 4618 Jones

4618 Jones, Riverside, CA 92505

$5,850,000 Approx. USD 0 beds, 0 baths

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Photo of Daniel Adelson

Danny Adelson REALTOR® - Sales Associate 818-521-4663 m
818-528-3200 o
Lic#: 01407910
NRDS ID: 207017093
DannyAdelson@bhhscal.com Text Me
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Lic#: 01407910
NRDS ID: 207017093
DannyAdelson@bhhscal.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Matthew Wenzel | matthew.wenzel@marcusmillichap.com
Lic#: 01198357
Broker: Courtesy of Marcus & Millichap
Phone: 949-419-3205

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# PW26208203
Price: $5,850,000
HOA Fee is $0.00
Beds: 0
Baths: 0
4.54 acres
Lot size: 4.5400
County: Riverside
Zoning: R-3-1500
Lot description: Lot Over 40000 Sqft,Value In Land
MLS area: 252 - Riverside

Last Updated: 9/24/2026

 Days On Market (DOM): 3

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This listing belongs to the 252 - Riverside MLS area

Lat/Long: 33.920106, -117.479044.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Daniel Adelson

Danny Adelson REALTOR® - Sales Associate 818-521-4663 m
818-528-3200 o
Lic#: 01407910
NRDS ID: 207017093
DannyAdelson@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01407910
NRDS ID: 207017093
DannyAdelson@bhhscal.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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