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Key Details
Sold Price $950,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR14095531
Sold Date 06/19/14
HOA Y/N No
Lot Size 1.616 Acres
Property Description
DEVELOPMENT PROJECT. 3 INCOME PRODUCING HOMES ON LARGE LOTS SIDE BY SIDE. THIS SALE ALSO INCLUDES 11962 AND 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 NEW 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
Zoning RD4.5
Interior
Fireplace No
Exterior
Community Features Street Lights
View Y/N No
View None
Others
Tax ID 1014351490000
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Victoria Tan • TLC Realty & Mortgage
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High State Realty
BROKER, OWNER | License ID: 02181686
BROKER, OWNER License ID: 02181686