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Buy landat Park Avenue, Perris, CA 92570

$479,000

$0/mo

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Land

5.11 Acres lot

734 Days on market

EV22073568 MLS ID

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About Park Avenue land

Housing development opportunity with this 5.11 acre parcel. Current zoning of R-10,000 allows up to ± 4 homes per acre. After street infrastructure and green space, it's possible to build ± 14-15 homes. The opportunity sits directly across the street from Perris Elementary School and less than 2 miles to the 215 Freeway. Utilities are located in the street but not paid for or connected at this time. I've heard of similar developments being granted up to 30 Units per acre if a developer is willing to set aside 20% of the unit for affordable housing.
Housing development opportunity with this 5.11 acre parcel. Current zoning of R-10,000 allows up to ± 4 homes per acre. After street infrastructure and green space, it's possible to build ± 14-15 homes. The opportunity sits directly across the street from Perris Elementary School and less than 2 miles to the 215 Freeway. Utilities are located in the street but not paid for or connected at this time. I've heard of similar developments being granted up to 30 Units per acre if a developer is willing to set aside 20% of the unit for affordable housing.

Property details

Community

Rural

Valley

Listing

Listing ID: EV22073568

224 days on market

Listed on 2022-04-15

Location

County: Riverside

Lot

222592 sqft

5.11 acres

Area: 222592

26-30 Units/Acre

Flag Lot

Rolling Slope

Street Level

Property

Hills

Neighborhood

Monthly cost

Estimated monthly cost

$3,052/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$450,260

+$14,370

$464,630

Seller agent commission$14,370 (3%)*

$0 (0%)

Buyer agent commission$14,370 (3%)*

$14,370 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: Aug 8, 2023 at 4:34 p.m.

Data updated: Nov 25, 2022 at 7:05 p.m.

Property listed by REGIONCY REAL ESTATE, NATHAN DIONES
Based on information from California Regional Multiple Listing Service, Inc. as of 11/25/2022 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.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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