$228,490 Price Analysis   ♡   Rancho Cucamonga, CA 91730 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.23 acre lot. Listed 2023-10-28 | Ⓧ USDA Ineligible due to property near Rochester |
This Value Added Parcel is Back on the Market!
* No Longer For Sale *
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Part of the Three Best Residential Parcels in Rancho Cucamonga. This fully-entitled, three lot subdivision boasts three nearly level, large lots (see also MLS listings for 0208-09-185 and 0208-09-187-0000; each lot exceeds 10, 000 sq. ft. and they average over one quarter acre each). The location is superb for family living, for high-quality rental properties and for optimizing unit count using ADU's. The parcels are adjacent to the Pacific Electric Trail, on Vineyard Ave. north of Foothill Blvd and a short walk from Red Hill Park. The City of Rancho Cucamonga has been advised to expect ADU's on each lot, per all discussions to date. Each lot has house plans and the unit distribution potential is for a Main Home (~ 2, 400 sf), a Jr.
ADU (~ 500 sf) and a detached ADU (~ 1, 200 sf) on EACH LOT. This project is ideal for Build to Rent investment purposes (see projected rents in notes below). Many development steps are complete - Approved Parcel Map (subdivision done), Survey, Rough Grading, Soils Report, House Plans, Street Improvement Plans, Performance Bond and more. The City of Rancho Cucamonga has expressed general verbal agreement to the development plan as broadly outlind. Sellers relocating next year. All the above documentation and reports available to the best Buyer/Builder as needed. This particular nearly flat, approxim ately rectangular 10, 084 sq. ft. vacant lot is the middle parcel of the three. The lot is easily accessed by a shared driveway (at least 20 feet wide). If the above noted unit mix were built (Main, ADU and JADU), the current comparable rents on each unit would be $3, 700, $2, 700 and $1, 600 respectively. This rent configuration would yield $8, 000 per month and $96, 000 per year ON EACH LOT in gross rents. Serious inquiries only. DISCLOSURE: Listing Agent related to sellers.
Presented by DOUGLAS LAW at
Coldwell Banker Town & Country.
Property MLS #CV22241847 from CRMLS
Road Frontage Type: City Street, Private Road
Road Surface Type: Paved
Lot Size Acres: 0.2315
Lot Size Source: Survey
Lot Size Square Feet: 10084
County: San Bernardino
Directions: North of Foothill, West side of Vineyard, near Pacific Electric Trail
Source Property Type: Land
Area: 688 - Rancho Cucamonga
Source Neighborhood: 688 - Rancho Cucamonga
Parcel Number: 0208091860000
Zoning: Residential
Source System Name: C2C
$125,000
CRMLS
Price Changed 2023-12-15
$228,490
CRMLS
Price Changed 2023-11-26
$277,865
CRMLS
Listed 2023-10-28
$298,000
CRMLS
Sewer: Public Sewer
Cable Available
Electricity Available
Natural Gas Available
Phone Available
Sewer Available
Water Available
Water Source: Public
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.