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$2,395,000
Est. payment /mo
3.12 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26036812
Lot Size 3.120 Acres
Property Sub-Type Lots/Land
Property Description
The site is zoned multifamily residential vacant land and slated for construction of a 100 unit garden apartment complex known as The Monterey Villas, located at the intersection of San Bernardino and Sierra Avenues within proximity of the Kaiser-Permanente hospital & medical complex. It consists of three separate parcels combined to accommodate two 3-story buildings and one 4-story building with elevator, grade level covered garage and covered and uncovered surface parking spaces, pool & spa, and a fitness and community center. The original size of the complex was 88-units, but with the entitlement package that comes with the project number of units was increased to 100 with the proviso that 12 of the units would be available at affordable rental rates. The project comes with a complete set of construction, structural, mechanical and landscaping plans package. The entitlements are still valid because construction has already begun even though it is currently on hold. The partially constructed projectthe foundation of the largest building is already in place. At the time of stoppage of construction were in excess of $1M, with some of the major expenditures, details on the expenditures are provided upon request.
Location
State CA
County San Bernardino
Direction North of 10 Fwy & Sierra Ave
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 0193311350000
Acceptable Financing Cash
Listing Terms Cash
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Listed by Jonathan Mitchell, DRE#01227852 Kidder Mathews of California, Inc
Nearby Locations
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