For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jose Mireles • Bloom Real Estate Inc.
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
GET MORE INFORMATION