$1,999,500

700 E Lugonia Ave

Redlands CA, 92374

Description

Opportunity knocks the door once in a lifetime. Here is one for you to CASH. The LOT APN 0167-271-06-0000 is a flat lot with no topography This site is in a super-pad condition with all utilities. The current zoning is R12 allowing for up to 15 units per acre per the general plan. The site has received tentative tract map approval (TTM No. 17253) and conditional-use permit approval (CUP No. 945). The tentative map has expired and is eligible to be extend for an additional four years. The property has been entitled for 37 townhouse condominium units. The unit mix consists of (6) TWO BEDROOM units at 1,310 square feet each, (18) two-bedroom flats at 985 square feet each, (6) three-bedroom flats at 1,217square feet each, and (7) three-bedroom townhouse units at 1,733 square feet each. The property has been designed to be security-gated with a pool, spa, and recreation building. Entitlement status shows tentative map approval (TTM No.17253) which need to be renewed.

Details

MLS#IG21069396
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site12

Features

ZoningR12
Acreage2.38
Water FrontNo
Property ViewYes

Market Activity 92374

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Area Information
StateCA
CountySan Bernardino
CityRedlands
Zip Code92374
Area268 - Redlands
Listing VS Median (in 92374)
Price:
$1,999,500
low | high
Med:
$469,950
100% of Average
On Site:
12
low | high
Med:
179
6.703910614525% of Average
Sourced by Back At You
Listing Updated: April 12, 2021 2:01:44 PM PDT
Gulshan Pervez LogoMLS Number: IG21069396
Listing Provided By:
Gulshan Pervez  of  Gold Team Real Estate Inc.
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