$ 6,000,000
12836 3rd Street Yucaipa, CA 92399
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Listed by Robert Mendez • Realty Masters & Associates
$ 6,000,000
Est. payment /mo
Active
12836 3rd Street Yucaipa, CA 92399
217,800 SqFt
UPDATED:
04/20/2024 12:47 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 217,800 sqft
Price per Sqft $27
MLS Listing ID CRIG22240803
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 5.000 Acres
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
Interior
Fireplace No
Exterior
View Hills, Mountain(s), Valley, Other
Building
Water Public
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