$6,000,000
12836 3rd Street Yucaipa, CA 92399
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$6,000,000
Est. payment /mo
5 Acres Lot
UPDATED:
04/19/2024 05:44 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIG22240803
HOA Y/N No
Lot Size 5.000 Acres
Acres 5.0
Property Description
This is a rare opportunity to acquire 5 Acres that is a FULLY ENTITLED & Approved 150 unit SENIOR APARTMENT COMPLEX. This Project will be the only Senior Apartment Facility in the city of Yucaipa, CA in its class that will offer Senior Citizens a health-conscious life style with Amenities that include: Pool, Spa, Recreational Area, Firepit, BBQ & Picnic Area, Community Garden, Scenic Walking Trail, & Dog Park. Improvement Plans are complete and site is almost SHOVEL READY. Only remaining plans that must be submitted prior to pulling a Building Permit are Structural Calculations, Landscape Construction Drawings, & the Dry Utility Plan which have been purposefully reserved for the Developer's preference. This property is also located in an OPPORTUNITY ZONE which allows major Tax Benefits to a long term Investor to save big on any future capital gains taxes. The property has an existing home and 2 accessory structures that will be removed prior to construction. Topographically, the property slopes gradually from NE to SW toward the existing creek along its southern boundary. This project (#21-045) was granted the density bonus for 30 units/per acre to help serve the need for many retirees in the near future. According to the U.S. Census Bureau, By 2030, All Baby Boomers Will Be Age
Location
State CA
County San Bernardino
Area Listing
Zoning RM-2
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer, Electricity Connected, Natural Gas Connected, Sewer On Site
View Y/N true
View Hills, Mountain(s), Valley, Other
Building
New Construction No
Others
Tax ID 0319112030000
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Listed by Robert Mendez • Realty Masters & Associates
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122