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16227 Baseline Ave

Fontana, CA 92336
  • $1,629,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: PW24205853
UPDATED: 31 min ago
$1,629,000
  • 0
    BEDS
  • 1.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Adel Hamad of Lifetime Realty Inc (714-363-3888)


Description

Introducing an Unbelievable Opportunity with Rare Zoning Flexibility! This exceptional lot offers nearly 90% of all commercial uses permitted within the city"a truly unique find! Whether you envision a thriving business hub or a residential multi-family development, the possibilities are endless.A conceptual plan has already been designed for a 36-unit complex featuring spacious 1- and 2-bedroom apartments. But here's where it gets even more exciting"with a senior housing project, you could potentially secure approval for over 70 units of efficiency and 1-bedroom apartments! Located just 2 minutes from the 210 Freeway, 6 minutes from the 15 Freeway, and a quick drive to the 10 Freeway, this lot is in prime proximity to everything. And with new homes by D.R. Horton being built just down the street, this area is poised for growth! The 36 units, if constructed, would command premium rents and be exempt from rent control for the first 15 years due to their new construction status. The potential resale value of these units, once built, is estimated at over $15 million, or you could retain them for a substantial cash flow investment.For more details contact the Fontana Planning Department... Dont miss out on this extraordinary opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-07T13:39:20.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/156307040
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16227 Baseline Ave Fontana, CA 92336

  • Price: $1,629,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 31 min ago
  • ID#: PW24205853
0
Beds
0
Baths
0
½ Baths
1.7
Acres
Neighborhood:
264 - Fontana
County:
San Bernardino
Area:
264 - Fontana
Property Description
Introducing an Unbelievable Opportunity with Rare Zoning Flexibility! This exceptional lot offers nearly 90% of all commercial uses permitted within the city"a truly unique find! Whether you envision a thriving business hub or a residential multi-family development, the possibilities are endless.A conceptual plan has already been designed for a 36-unit complex featuring spacious 1- and 2-bedroom apartments. But here's where it gets even more exciting"with a senior housing project, you could potentially secure approval for over 70 units of efficiency and 1-bedroom apartments! Located just 2 minutes from the 210 Freeway, 6 minutes from the 15 Freeway, and a quick drive to the 10 Freeway, this lot is in prime proximity to everything. And with new homes by D.R. Horton being built just down the street, this area is poised for growth! The 36 units, if constructed, would command premium rents and be exempt from rent control for the first 15 years due to their new construction status. The potential resale value of these units, once built, is estimated at over $15 million, or you could retain them for a substantial cash flow investment.For more details contact the Fontana Planning Department... Dont miss out on this extraordinary opportunity!
Exterior Features

Lot Features 36-40 Units/AcreLot Over 40000 SqftOver 40 Units/AcreValue In Land View Mountain(s) View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStorm Drain(s)Street LightsSidewalks Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanConventionalContract1031 Exchange New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities Overhead Utilities Water Source Public Zoning C2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-07T13:39:20.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Adel Hamad of Lifetime Realty Inc (714-363-3888)