Corona Ave
Corona, CA 92877
60 Apartment/Condo Units - Approved Project · Land For Sale · 3.42 AC

Attached is a recently completed Opinion of Estimate by MUROW to arrive at a finished unit cost of under $104,000 per unit (including all on/off site improvements and City fees, along with costs to complete final engineering, etc), add the land pricing of approximatly $46,000 per unit gives a total under $150,000 per unit - ready to build. Sales Comps in the very high $300,000 range. 60 Apartment/Condo Approved Tuscany Villas Project in the City of Corona - TT Map 35851 - active till Feb. 16, 2020. Project is approved for 60 Luxury Apartment or Condo units allocated as follows: (10) - 2 bedroom 2 bath of 1,160 SF (50) - 3 bedroom 2 bath of 1,472 SF. PRICE REDUCTION - $2,750,000 from $3,250,000 - Priced to Sell. All entitlements are approved along with conceptual building plans. See cost estimate from MUROW to arrive at a finished unit cost, taken as is now to including the final engineering cost to get to a final map - shovel ready project. As of now no final engineering has been completed only preliminary work. Total of three parcels 122-230-012 = 2.86 Acres, 122-140-016 = .52 Acres and 122-140-012 = .04 Acres for a total of 3.42 Acres. Located along Interstate 15 Freeway and the 91 Freeway Interchange. Metrolink station is close by.