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$ 6,880,008
Est. payment | /mo
7.44 Acres Lot
$ 6,880,008
Est. payment | /mo
7.44 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25094857
HOA Y/N No
Lot Size 7.440 Acres
Property Description
Last remaining Large Size Parcel with @ HHDR (highest density residential of up to 25 DU/ Acre) Vacant Land, up to @ 186 Units, Calling all @@@Affordable Housing Developers!!! *Bonus/ **MORE Additional UNITS!!! AHI: $93000, Close to Major Shopping Centers, Grocery Stores, Coffee Shops, Movie Theater, Golf Course, Proximity to Downtown Riverside Mission Inn and SO MUCH More! Please see supplement on @ Density Bonus + , (6000 is GPS use only) Limonite Ave, T Intersect @ Pacific, City of Jurupa Valley, Ca 92509,
Zoning Code (projects will need to comply with these and other parts of the municipal code).
R-3 Zone https://library.municode.com/ca/jurupa_valley/codes/municipal_code?nodeId=TIT9PLZO_CH9.80ZOGERE
Multi-Family https://library.municode.com/ca/jurupa_valley/codes/municipal_code?nodeId=TIT9PLZO_CH9.100ZOPLRE_S9.100.070MUFADW
If providing affordable housing at 35% low and 65% very low income, it could be possible to consider a density bonus
The property is 7.44 acres, and HHDR allows for a base density of 20-25 du/ac
Preliminarily, this could qualify the property for a 50% density bonus (depending on a number of factors). At this 50% bonus, the density bonus could range from 222-279 units. With the above said, the ultimate unit yield remains subject to detailed site planning and project design.
All information deemed from reliable sources, nor implied, not guaranteed! Submit all reasonable offers!
Zoning Code (projects will need to comply with these and other parts of the municipal code).
R-3 Zone https://library.municode.com/ca/jurupa_valley/codes/municipal_code?nodeId=TIT9PLZO_CH9.80ZOGERE
Multi-Family https://library.municode.com/ca/jurupa_valley/codes/municipal_code?nodeId=TIT9PLZO_CH9.100ZOPLRE_S9.100.070MUFADW
If providing affordable housing at 35% low and 65% very low income, it could be possible to consider a density bonus
The property is 7.44 acres, and HHDR allows for a base density of 20-25 du/ac
Preliminarily, this could qualify the property for a 50% density bonus (depending on a number of factors). At this 50% bonus, the density bonus could range from 222-279 units. With the above said, the ultimate unit yield remains subject to detailed site planning and project design.
All information deemed from reliable sources, nor implied, not guaranteed! Submit all reasonable offers!
Location
State CA
County Riverside
Area 251 - Jurupa Valley
Zoning HHDR
Interior
Fireplace No
Exterior
Community Features Valley
View Y/N No
View None
Building
Lot Description 21-25 Units/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 182350002
Acceptable Financing Cash, Cash to New Loan, Owner May Carry, Submit
Listing Terms Cash, Cash to New Loan, Owner May Carry, Submit
Special Listing Condition Standard
Lease Land No
Listed by Hugo Chau Champions Real Estate 626-466-8128, DRE #00921611
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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