$950,000
$995,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
1.62 Acres Lot
SOLD DATE : 06/19/2014
Key Details
Sold Price $950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR14084778
Sold Date 06/19/14
HOA Y/N No
Year Built 1920
Lot Size 1.616 Acres
Property Description
DEVELOPMENT PROJECT. 3 INCOME PRODUCING HOMES ON LARGE LOTS SIDE BY SIDE. THIS SALE ALSO INCLUDES 11962 11982 TELEPHONE AVE.
TOTAL RENT INCOME IS APPROX. 4000 PER MONTH FROM THE 3 HOMES. ALL TENANTS ARE ON MONTH TO MONTH. OWNER HAS TRACT MAP WHICH WAS APPROVED BY THE CITY TO DEMOLISH EXISTING AND BUILD 7 HOMES WITH LOT SIZES OF 7200-9400 SQ. FT. THIS APPROVAL HAS SINCE EXPIRED. CITY SAYS YOU CAN BUILD 7 BUT WILL NEED KNEW APPROVAL. TOTAL SQUARE FOOTAGE OF ALL 3 LOTS IS 70,398. ABOUT 1.6 ACRES. ZONING IS RD 4.5 . YOU CAN BE COLLECTING RENT WHILE GOING THRU APPROVAL PROCESS. PLEASE CHECK WITH CITY IF YOU HAVE DIFFERENT PLANS OR IDEAS.
Location
State CA
County San Bernardino
Area 681 - Chino
Interior
Fireplace No
Exterior
Pool None
Community Features Street Lights
Utilities Available Sewer Available
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story One
Entry Level One
Water Public
Level or Stories One
Others
Tax ID 1014351490000
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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 Victoria Tan • TLC Realty & Mortgage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "