$880,000
$1,080,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
2.41 Acres Lot
SOLD DATE : 04/13/2022
Key Details
Sold Price $880,000
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS21125060
Sold Date 04/13/22
HOA Y/N No
Lot Size 2.410 Acres
Acres 2.41
Property Description
It is 3 minutes away from 60 Freeway! Rare development opportunity in the nice neighborhood. Possible to amend General plan from R2 Medium-High Density Residential to R2 High-density Residential (8-14 DU/AC). ***The comment from city planning staff for reference: The best use of this property would be for multi-family housing, like townhomes, or condominiums. The zoning designation of this property is R-2 (Multiple-Family Dwellings), with a General Plan land use designation of MHDR (Medium-High Density Residential). The latter designation allows for 5-8 dwelling units per acre. City Planning Staff could support changing Medium-High Density to High-density housing (8-14 DU/AC) at this location. Need to apply for General Plan Amendment to accommodate the proposal. This means that this project would require public hearings in front of both the Planning Commission and City Council, with the latter being the final decision maker to approve or deny the project.
It is 3 minutes away from 60 Freeway! Rare development opportunity in the nice neighborhood. Possible to amend General plan from R2 Medium-High Density Residential to R2 High-density Residential (8-14 DU/AC). ***The comment from city planning staff for reference: The best use of this property would be for multi-family housing, like townhomes, or condominiums. The zoning designation of this property is R-2 (Multiple-Family Dwellings), with a General Plan land use designation of MHDR (Medium-High Density Residential). The latter designation allows for 5-8 dwelling units per acre. City Planning Staff could support changing Medium-High Density to High-density housing (8-14 DU/AC) at this location. Need to apply for General Plan Amendment to accommodate the proposal. This means that this project would require public hearings in front of both the Planning Commission and City Council, with the latter being the final decision maker to approve or deny the project.
Location
State CA
County Riverside
Area Riv Cty-Riverside (92509)
Building
Lot Description Corner Lot
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with TERRY SANCHEZ • Town & Country Real Estate
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1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States