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    16227 Baseline Avenue

    Fontana, CA 92336
    • $1,200,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: IV21099466
    $1,200,000
    • 0
      BEDS
    • 1.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    36 Unit Project in process with beautifully designed common areas in RISING NORTH FONTANA AREA... Incredible Location and great for New Apartment building or Senior Housing Apartment Complex. Attached in supplements you'll see the current Architectural drawings for a state-of-the-art 36 unit apartment complex with Rental Office, Pool and spa area, Fountain and garden area, GYM, Theatre, Conference Room, Internet Room, and more. Just drive by this lot to see the potential. Located 2 minutes to the 210Fwy, 6 minutes to the 15fwy, and a quick drive to the 10fwy. New housing being built now down the street by D.R. Horton and newer tracks already built in area. These 36 units would command a premium on rents and would be exempt from the current rent control laws for the first 15 years due to being newly built units. The potential resale if the 36 units we're built would be over $10,000,000 or units could be held for a very strong cash flow investment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T00:27:25.25. 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 Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/116972536
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    16227 Baseline Avenue Fontana, CA 92336

    • Price: $1,200,000
    • Status: Active
    • ID#: IV21099466
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.7
    Acres
    Neighborhood:
    264 - Fontana
    County:
    San Bernardino
    Area:
    264 - Fontana
    Property Description
    36 Unit Project in process with beautifully designed common areas in RISING NORTH FONTANA AREA... Incredible Location and great for New Apartment building or Senior Housing Apartment Complex. Attached in supplements you'll see the current Architectural drawings for a state-of-the-art 36 unit apartment complex with Rental Office, Pool and spa area, Fountain and garden area, GYM, Theatre, Conference Room, Internet Room, and more. Just drive by this lot to see the potential. Located 2 minutes to the 210Fwy, 6 minutes to the 15fwy, and a quick drive to the 10fwy. New housing being built now down the street by D.R. Horton and newer tracks already built in area. These 36 units would command a premium on rents and would be exempt from the current rent control laws for the first 15 years due to being newly built units. The potential resale if the 36 units we're built would be over $10,000,000 or units could be held for a very strong cash flow investment.
    Exterior Features

    Lot Features 36-40 Units/AcreLot Over 40000 Sqft Sign On Property YN Yes View None View YN No

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features SuburbanSidewalks Current Financing ConventionalUsda Land Lease YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalOwner May CarrySubmitUsda Loan New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities Electricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public Zoning R3

    Listing provided courtesy of Enrique Balcazar of First Team Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T00:27:25.25. 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 Forss Realty Group. Licensed in the State of California, USA.
     
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    Temecula CA, 92592