16227 Baseline Ave Fontana, CA 92336
74,052 SqFt
UPDATED:
12/22/2024 02:26 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 74,052 sqft
Price per Sqft $21
MLS Listing ID PW24205853
HOA Y/N No
Lot Size 1.700 Acres
Acres 1.7
Property Description
A conceptual plan has already been designed for a 36-unit complex featuring spacious 1- and 2-bedroom apartments. But here's where it gets even more exciting—with a senior housing project, you could potentially secure approval for over 70 units of efficiency and 1-bedroom apartments!
Located just 2 minutes from the 210 Freeway, 6 minutes from the 15 Freeway, and a quick drive to the 10 Freeway, this lot is in prime proximity to everything. And with new homes by D.R. Horton being built just down the street, this area is poised for growth! The 36 units, if constructed, would command premium rents and be exempt from rent control for the first 15 years due to their new construction status. The potential resale value of these units, once built, is estimated at over $15 million, or you could retain them for a substantial cash flow investment.
For more details contact the Fontana Planning Department...
Don't miss out on this extraordinary opportunity!
Location
State CA
County San Bernardino
Area 264 - Fontana
Zoning C2
Exterior
Community Features Curbs, Sidewalks, Storm Drains, Street Lights
View Y/N Yes
View Mountain(s)
Building
Lot Description 36-40 Units/Acre, Lot Over 40000 Sqft, Over 40 Units/Acre, Utilities - Overhead, Value In Land
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To Existing Loan,Cash To New Loan,Contract,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Please call Sami Benfadhel at 714-574-3540
GET MORE INFORMATION