50 Essex St, Riverside, CA 92504

Property Description

Unparalleled Opportunity in the Heart of Riverside – 7,841 Sq Ft Build-Ready Lot! Discover the perfect canvas for your custom residence or high-yield investment project. Ideally located just off Jurupa Avenue and Essex Street, this flat, cleared infill lot is nestled between two established homes in a quiet residential neighborhood. Key Features & Potential: Oversized Lot: At 7,841 sq. ft., this parcel exceeds the R-1-7000 zoning minimum, providing ample space for a large primary home, a pool, or expansive outdoor living. Multi-Unit Potential: Leverage SB 9 and 2026 ADU laws to potentially build up to three units on-site (Main Home + Second Primary + ADU). It is a perfect setup for multi-generational families or investors looking for triple-income potential. Cost-Saving Benefits: Take advantage of Riverside’s "Permit Ready" ADU program, offering pre-approved building plans to fast-track your construction and save on design fees. Prime Connectivity: Minutes from the 91 Freeway, Magnolia Center shopping, and local dining. Utilities are located at the street (Buyer to verify connection fees). With low inventory for new construction, this lot offers a rare chance to build exactly what you want in a central, high-demand location. Buyer to conduct independent due diligence regarding zoning, building permits, and utility hookups with the City of Riverside.