16227 Baseline Avenue
Fontana, CA 92336
1.70 acres | #IV21099466
Description
36 Unit Project in process with beautifully designed common areas in RISING NORTH FONTANA AREA... THIS PROPERTY HAS MANY POTENTIAL USES PLEASE CALL THE PLANNING DEPARTMENT AND ASK ABOUT YOUR DESIRED USE BEFORE YOU MAKE AN OFFER. Incredible Location and great for New Apartment building or Senior Housing Apartment Complex. Attached in supplements you'll see the current Architectural drawings for a state-of-the-art 36 unit apartment complex with Rental Office, Pool and spa area, Fountain and garden area, GYM, Theatre, Conference Room, Internet Room, and more. Just drive by this lot to see the potential. Located 2 minutes to the 210Fwy, 6 minutes to the 15fwy, and a quick drive to the 10fwy. New housing is being built now down the street by D.R. Horton and newer tracks are already built-in areas. These 36 units would command a premium on rents and would be exempt from the current rent control laws for the first 15 years due to being newly built units. The potential resale if the 36 units we're built would be over $10,000,000 or units could be held for a very strong cash flow investment.
Property Details
- Lot DescriptionItem3640UnitsAcre, LotOver40000Sqft
Measurements
- Acres1.7
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility FeaturesElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, WaterAvailable
- Utility SourcePublic
Community and Neighborhood Details
- CountySan Bernardino
Financial Details
- Original List Price$1,200,000
- Buying Agency Compensation3.000
Other
- MLS #IV21099466
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: ENRIQUE BALCAZAR (#IBALCENR)
Listing Office: COLDWELL BANKER REALTY (#IVCOLDT)
