Property Description

This Value Added Parcel is Part of Three of the Best Residential Parcels in Rancho Cucamonga! This fully-entitled, three lot subdivision boasts three nearly level, large lots (see also MLS listings for 0208-09-186 and 0208-09-187-0000; each lot exceeds 10,000 sq. ft. and they average over one quarter acre each). The location is superb for family living, for high-quality rental properties, and for optimizing unit count using ADU’s. The parcels are adjacent to the Pacific Electric Trail, on Vineyard Ave. north of Foothill Blvd, and a very short walk from Red Hill Park. The City of Rancho Cucamonga has been advised to expect ADU’s on each lot, per all discussions to date. Each lot has house plans, and the unit distribution potential is for a Main Home (~ 2,400 sf), a Jr. ADU (~ 500 sf), and a detached ADU (~ 1,200 sf) on EACH LOT. This project is ideal for “Build to Rent” investment purposes (see projected rents in notes below). Many development steps are complete – Approved Parcel Map (subdivision done), Survey, Rough Grading, Soils Report, House Plans, Street Improvement Plans, Performance Bond, and more. The City of Rancho Cucamonga has expressed general verbal agreement to the development plan as broadly outlined. Sellers relocating next year. All the above documentation and reports available to the best Buyer/Builder as needed. This nearly flat, approximately rectangular 10,906 sq. ft. vacant lot is the front parcel of the three, with Vineyard Ave. frontage. The south side of the lot is also accessible by a shared driveway (at least 20 feet wide). If the above noted unit mix were built (Main, ADU, and JADU), the current comparable rents on each unit would be $3,700, $2,700, and $1,600 respectively. This rent configuration would yield $8,000 per month and $96,000 per year ON EACH LOT in gross rents. Serious inquiries only. DISCLOSURE: Listing Agent related to sellers.

Features
: Hills, Valley
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0
: Sidewalks, Street Lights, Golf, Suburban, Hiking, Park, Curbs, Horse Trails, Stable(s), Dog Park, Foothills, Valley, Gutters, Biking, Storm Drains
: Rectangular Lot, Gentle Sloping, Near Public Transit, 2-5 Units/acre
: Chain link, Partial, Block
: Electricity Available, Natural Gas Available, Water Available, Cable Available, Phone Available, Sewer Available
: Public
: Public Sewer
MLS Addon
Residential
0208091850000
10,906 Sqft
$94,513
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$0
0 Sqft
0 Sqft
: Standard
Listing courtesy of
COLDWELL BANKER TOWN & COUNTRY
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Land For Sale

7745 VineyardAvenue, Rancho Cucamonga, California, 91730

0.25 Sqft
Visits : 10 in 719 days
$298,000
Listing ID #CV23201033
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Land
Property SubType : Single Family Residence
Price : $298,000
Price Per Square Foot : $27
Lot Area : 0.25 Sqft
View : Mountain(s)
Listing ID : CV23201033
Agent info
Rina Maya
Designated Broker
Contact Agent
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