Seller's Agent in 2022
David Lin
Colliers International Greater Los Angel
(626) 257-8502
1 in this area
7 Total Sales
This investment is a flexible, single-family planned development on 41.45 acres of land, located on the La Sierra hillside in the city of Riverside, California. The subject property consists of 7 parcels (168-060-020, 168-230-001, 168-230-002, 168-230-003, 168-230-004, 168-230-005, 168-230-006) totaling approximately 1,805,561 square feet. The property previously had entitlements for an 18-lot plan in the year 2000. These entitlements have expired, but after a recent meeting with the city, they should allow the development of a new 20-unit community. The current zoning is residential conservation (RC), which allows for the development of 20 single-family residences with variable lot sizes that are equal to approximately two acres per lot. The current planned development is for single-family residences consisting of three to four bedrooms, three bathrooms, and one two-car garage per resident.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2022 01/12/22 | Sold | $1,150,000 | -4.2% | -- |
| 11/04/2021 11/04/21 | Pending | -- | -- | -- |
| 08/06/2021 08/06/21 | For Sale | $1,200,000 | -- | -- |
Seller's Agent in 2022
David Lin
Colliers International Greater Los Angel
(626) 257-8502
1 in this area
7 Total Sales
Source: The MLS
MLS Number: 21-792740