3663 La Sierra Ave, Riverside, CA 92505

The Property is an opportunity to convert to a use that satisfies the need for Affordable Housing. Comprised of 122 rooms totaling 37,717 square feet, The Property is well maintained and situated on an approximately 2.1-acre lot. Built-in 1983 and Initially built with more rooms than it currently has, the property offers perimeter fencing that can include a gated entry from the entrance. Included is a large parking lot with more than 1 to 1 parking, a swimming pool area that can be transitioned to alternative use, and an attractive central green belt that offers the potential for outdoor living. The Seller has previously sold a property converted to permanent housing and is aware of the necessary process for conversion.

City of Riverside's Position on Conversion to Permanent Affordable Housing: The City has enthusiastically expressed preliminary approval for the property's transition to Permanent Affordable Housing. For more information, please contact the Listing Agent.

Located approximately 0.5 miles south of Kaiser Permanente Riverside (visible from the Parking Lot) and just to the West of the Riverside Freeway (Highway 91) and its La Sierra Ave off-ramp, the property rests in a serene City of Riverside location. Riverside, CA is approximately 1 hour east of Los Angeles and is the 12th largest City in CA (Per Wikipedia). Situated in a vibrant and growing community, the area offers access to various retail, amenities, and attractions that will benefit future tenants.