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Key Details
Sold Price $985,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV21109324
Sold Date 12/01/21
HOA Y/N No
Lot Size 1.938 Acres
Acres 1.938
Property Description
Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Project consists of 4 existing units (100% Occ.) on 1.938 acres with an approved CUP (55+) to build another 28 units. Full value upon completion is between $5.5M - $6M depending upon rental market at time of completion. Permits, soils test, and grading plans are already paid for. Great 1031 exchange project to carry out through completion. Inquire for marketing package and plans.
Location
State CA
County San Bernardino
Area 269 - Yucaipa/Calimesa
Zoning RS
Interior
Fireplace No
Exterior
Community Features Suburban
View Y/N Yes
View Valley
Building
Lot Description 16-20 Units/Acre
Water Public
New Construction No
Others
Senior Community Yes
Tax ID 0318163440000
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry, Subordinate, Trade
Listing Terms Cash, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry, Subordinate, Trade
Financing Conventional
Special Listing Condition Standard
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Bought with VU HA • ASIAMERICA REAL ESTATE CO.
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960