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Palomar St - Two Side by Side MDR lots 4.78 AC EACH. 10 Acres of Residential Land Offered at $2,500,000 in Wildomar, CA 92595

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INVESTMENT HIGHLIGHTS

  • 9.56 gr. Total Acres in four parcels. RESIDENTIAL INCOME POSSIBILITES IF BUILT OUT TO TWO HOMES ON EACH LOT.
  • Preliminary fault study completed and available.
  • Power, phone & water available at street
  • Multiple zoning types available.

EXECUTIVE SUMMARY

This property is under re-zone by the City of Wildomar General Plan Amendment. Looks like it will go residential now . Will be re-designated MDR. LOOK at ADU and built to rent possibilities INVESTOR/ JV POTENTIAL FOR INCOME PRODUCING RESIDENTAIL PROPERTIES
Flat Land. In path of growth. Corinne Berge DRE 00795397. Realty One Group Southwest DRE 01847410

ATTACHMENTS

Palomar Flyer

PROPERTY FACTS In Escrow

Price $2,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Residence
Total Lot Size 10.00 AC
Zoning MDR subj to GPA - City is designating this PRIME PROPERTY to residential. (MDR) Water Sewer and Electricity are very close or in Front. Possibility for more acreag

1 LOT AVAILABLE

Lot 4 lots

Price $2,500,000
Price Per AC $250,000.00
Lot Size 10.00 AC

368-060-011 and 012 currently commercial. undergoing a GPA to MDR. Medium Density Residential We have lot layout at this time for 33 lots. Great opportunity for a small builder to develop Ranch homes with room for RV Garage or TWO HOMES (ADU) ON EA

DESCRIPTION

Useable Residential designated property in the path of Growth.New Home development is a very desirable use in this area. 9.56 net/10.38 gross. Four Total Parcels. (APN's 368-060-011, and 368-060-026). APN's 368-011-012 and 368-060-025) THIS IS PRIME FOR HOMES WITH ADU'S AS THE LOTS ARE LARGE Paved Palomar RD access. Electricity in Front. EQ Study done and on file with Riverside County. City of Wildomar. These Parcels are ripe for development.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 368-060-011
  • 368-060-025
  • 368-060-012
  • 368-060-026
Land Assessment
$2,508,996
Improvements Assessment
$0
Total Assessment
$2,508,996
  • Listing ID: 15545842

  • Date on Market: 3/26/2019

  • Last Updated:

  • Address: Palomar St, Wildomar, CA 92595

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