$725,000

32817 Avenue D

Yucaipa CA, 92399

Description

Calling builders, investors, and entrepreneurs- here is the project you have been waiting for. Huge lot of 4.78 acres that is ready to be built out and then sold individually or built to keep and have great rental income for years to come! A subdivision that has APPROVED Tentative tract-19981 from the City of Yucaipa for 61 residences. NOTE- this 1 lot subdivision includes the lot next door at 32755 Avenue D which is owned by a different owner. This must be negotiated and purchased separately. The residences will be designated condos but will look like 61 single family homes with their own backyards and attached 2 car garages. Roughly 2400-2600 sq. ft. in size, they will all have 4 bedrooms and be two stories. Each should rent for $2350-$2500 a month. City conditions and tract map are under "listing has supplements" or can be forwarded. This lot is 4.7 acres of flat usable land and the one next door is slightly smaller but generally the same size for a total of 9 acres. The price is less than $24,000 a unit or $725,000 for this lot. This lot includes a home and 2 car detached garage that is currently rented out at $1650 - month to month- and utilities are right there - but value is in the land and what has been approved. Nice location near shopping and schools. Dunlap Elementary School will actually backs up to it and the High School is an easy walk- just a few blocks away. Don't let this great investment pass you by.

Details

MLS#EV20233988
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site19

Features

ZoningR1
Acreage4.78
Property ViewYes

Market Activity 92399

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Area Information
StateCA
CountySan Bernardino
CityYucaipa
Zip Code92399
Area269 - Yucaipa/Calimesa
Listing VS Median (in 92399)
Price:
$725,000
low | high
Med:
$410,000
93.448275862069% of Average
On Site:
19
low | high
Med:
9
100% of Average
Listing Updated: November 23, 2020 11:38:07 PM PST
DIANE HULL LogoMLS Number: EV20233988
Listing Provided By:
DIANE HULL  of  CENTURY 21 LOIS LAUER REALTY
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