Perris, CA 92570,0 Park
Perris, CA 92570,0 Park
$420,000
Est. payment /mo
$479,000
12.3%
Est.Price: ?

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5.11 Acres Lot
SOLD DATE : 12/20/2022

Key Details

Sold Price $420,000

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID EV22073568

Sold Date 12/20/22

HOA Y/N No

Lot Size 5.110 Acres

Acres 5.11

Property Description

Housing development opportunity with this 5.11 acre parcel. Current zoning of R-10,000 allows up to 4 homes per acre. After street infrastructure and green space, it's possible to build 14-15 homes. The opportunity sits directly across the street from Perris Elementary School and less than 2 miles to the 215 Freeway. Utilities are located in the street but not paid for or connected at this time. I've heard of similar developments being granted up to 30 Units per acre if a developer is willing to set aside 20% of the unit for affordable housing.
Housing development opportunity with this 5.11 acre parcel. Current zoning of R-10,000 allows up to 4 homes per acre. After street infrastructure and green space, it's possible to build 14-15 homes. The opportunity sits directly across the street from Perris Elementary School and less than 2 miles to the 215 Freeway. Utilities are located in the street but not paid for or connected at this time. I've heard of similar developments being granted up to 30 Units per acre if a developer is willing to set aside 20% of the unit for affordable housing.

Location

State CA

County Riverside

Area Riv Cty-Perris (92570)

Others

Monthly Total Fees $10

Acceptable Financing Cash, Conventional, Exchange, Seller May Carry

Listing Terms Cash, Conventional, Exchange, Seller May Carry

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San Diego Regional MLS (SDMLS)
Listed by NATHAN DIONES • REGIONCY REAL ESTATE
Bought with Jose Mireles • Bloom Real Estate Inc.
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