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$ 2,395,000
Est. payment | /mo
3.12 Acres Lot
$ 2,395,000
Est. payment | /mo
3.12 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26036812
HOA Y/N No
Lot Size 3.120 Acres
Property Description
The site is zoned multifamily residential vacant
land and slated for construction of a 100 unit
garden apartment complex known as The
Monterey Villas, located at the intersection of San
Bernardino and Sierra Avenues within proximity
of the Kaiser-Permanente hospital & medical
complex. It consists of three separate parcels
combined to accommodate two 3-story buildings
and one 4-story building with elevator, grade
level covered garage and covered and uncovered
surface parking spaces, pool & spa, and a fitness
and community center. The original size of the
complex was 88-units, but with the entitlement
package that comes with the project number of
units was increased to 100 with the proviso that
12 of the units would be available at affordable
rental rates. The project comes with a complete
set of construction, structural, mechanical and
landscaping plans package. The entitlements
are still valid because construction has already
begun even though it is currently on hold. The
partially constructed project—the foundation of
the largest building is already in place. At the time
of stoppage of construction were in excess of
$1M, with some of the major expenditures, details
on the expenditures are provided upon request.
land and slated for construction of a 100 unit
garden apartment complex known as The
Monterey Villas, located at the intersection of San
Bernardino and Sierra Avenues within proximity
of the Kaiser-Permanente hospital & medical
complex. It consists of three separate parcels
combined to accommodate two 3-story buildings
and one 4-story building with elevator, grade
level covered garage and covered and uncovered
surface parking spaces, pool & spa, and a fitness
and community center. The original size of the
complex was 88-units, but with the entitlement
package that comes with the project number of
units was increased to 100 with the proviso that
12 of the units would be available at affordable
rental rates. The project comes with a complete
set of construction, structural, mechanical and
landscaping plans package. The entitlements
are still valid because construction has already
begun even though it is currently on hold. The
partially constructed project—the foundation of
the largest building is already in place. At the time
of stoppage of construction were in excess of
$1M, with some of the major expenditures, details
on the expenditures are provided upon request.
Location
State CA
County San Bernardino
Area 264 - Fontana
Zoning R2
Interior
Fireplace No
Exterior
Community Features Biking
View Y/N No
View None
Building
Lot Description 36-40 Units/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 0193311350000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Jonathan Mitchell Kidder Mathews of California, Inc 949-557-5000, DRE #01227852
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Guadalupe Martinez LaMothe
Professional Real Estate Agent | License ID: 02163467