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Pennsylvania Ave
Redlands, CA 92374
R2 to R2-2000 CUP, 140+ UNITS @ REDLANDS, CA · Land For Sale · 4.33 AC

Investment Highlights

  • Centrally located in SoCal, Redlands has a short drive to Los Angeles, coastal cities and SoCal mountains.
  • The land is long, rectangular & flat, having direct access to the utilities on both sides of the streets of the property.
  • The listing price is for the current raw land sale without the Seller's obtaining the entitlement.
  • The developer can have many options for this 4.33 net(5.01 acres) of R2 land: building multi-family condos or two or 3-story apartments.
  • R2 to R2-2000 with a CUP, no zoning changes, the developer can build 140+ units in 3-story buildings with beautiful designs.
  • (Contact the Listing Agent to inquire about another option of purchasing the entitled land with a different sales price.)

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Single Family Development
  • Single Family Residence
Total Lot Size 4.33 AC
Zoning R-2, R2-2000 CUP

Description

The land is zoned R2, 4.33 net (5.01 gross) acres. It is located on the south/east corner of Church and Pennsylvania Ave., Redlands, CA. With a R-2-2000 CUP, a good developer can build over 140+ units. It is the first time on the market in over 40 years. According to the General Plan of the City of Redlands, R2 land allows up to 15 units per acre; or, with a CUP application, R2-2000 allows up to 18 units per acre without changing the zoning. You can have many possibilities with this land: build over 140 units of apartments or condominiums for three stories. The City of Redlands generally is very friendly to work with and supports all the good and aesthetically beautiful projects. The land is long, rectangular, flat, and sizable, with easy access to the utilities on both streets, Pennsylvania Ave. and Church Street, Redlands: Water- 18" CLM&C on Church Street and 8" AC on Pennsylvania Ave. Sewer: 18" on Church Street, and 8" VCP on Pennsylvania Ave. Electrical power lines are right on the property boundary. Curb and gutter are installed on the west boundary, Church Street of the property. There are less than a handful of R2 land in the central locations in Redlands like this piece of land. It is a 3-4 minute drive to Trader Joe and the surrounding restaurants and shops. The property is close to the University of Redlands and the downtown train station. Many sizable employers are in the area, such as ESRI, University of Redlands, Loma Linda University Hospital, Redlands Community Hospital, Beaver Clinic, etc. The famous Hangar 24 Craft Beer is in the general vicinity. This piece of land also commands convenient access to freeways 10 and 210 and convenient going to the mountains such as Big Bears, Lake Arrowhead, Mt. San Gorgonia, and the surrounding mountainous sightseeing sites. Driving to Los Angeles and beach cities are all within very easy driving distances. Redlands has the acclaim of the "Beverly Hills of the Inland Empire." The listing price is for the current raw land sale without the Seller's obtaining the entitlement. (Contact the Listing Agent to inquire about another option of purchasing the entitled land with a different sales price.) ****BE AWARE OF SCAMS! CONTACT YOUR LICENSED LAND BROKER, OR CONTACT THE LISTING BROKER DIRECTLY. ****

Property Taxes

Property Taxes

Parcel Number
1212-261-29
Land Assessment
$79,941
Improvements Assessment
$0
Total Assessment
$79,941
  • Listing ID: 22841257

  • Date on Market: 4/26/2021

  • Last Updated:

  • Address: Pennsylvania Ave, Redlands, CA 92374

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