16227 Baseline Avenue

Fontana, CA 92336

$1,200,000
Land

AGENTS

Douglas Elliman
Douglas Elliman

Property Description

36 Unit Project in process with beautifully designed common areas in RISING NORTH FONTANA AREA... THIS PROPERTY HAS MANY POTENTIAL USES PLEASE CALL THE PLANNING DEPARTMENT AND ASK ABOUT YOUR DESIRED USE BEFORE YOU MAKE AN OFFER. 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 is being built now down the street by D.R. Horton and newer tracks are already built-in areas. 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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PROPERTY DETAILS

  • Exterior
    1.7 Acres
  • Property Type
    Land
  • MLS/Listing ID
    IV21099466
  • Days On Market
    459
Listing Courtesy of COLDWELL BANKER REALTY, Listing Agents ENRIQUE BALCAZAR - CA DRE Lic. #01258142 - BalenProTeam@gmail.com