1.01 Acres Lot
1.01 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25222074
HOA Y/N No
Lot Size 1.010 Acres
Property Description
The subject property is a parcel of land suitable for development of multiple family residential use. County records indicate APNs 145-271-011 & 022 are in conjunction with APN 145-271-014 having a combined total land area of 43995 square feet (1.01 acre). The subject property is zoned R4, high-density, which allows up to 40 dwelling units per acre. The Seller has obtained Site Plan approval for 36 unit Condos project with 36 parking stalls and 7 guest parking stalls. The Site Plan can be modified & redesigned for your own individual architecture configuration. The subject property was recently appraised by one of the top Commercial Real Estate appraisers in Riverside, Curtis Rosenthal Inc & Associates an accredited MAI/FRICS appraiser with an valuation of $2,420,000.00. This appraisal is land value as the small dwelling would be a tear down. The subject property is listed $220,000.00 below appraised value. Both the Site Plan and appraisal will be available upon request.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R4
Interior
Fireplace No
Exterior
Community Features Suburban
View Y/N No
View None
Building
Lot Description 36-40 Units/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 145271011
Acceptable Financing Contract
Listing Terms Contract
Special Listing Condition Standard
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