Rancho Cucamonga, CA 91730,7755 Vineyard AVE
Rancho Cucamonga, CA 91730,7755 Vineyard AVE
Rancho Cucamonga, CA 91730,7755 Vineyard AVE
4
$125,000
$228,490
45.3%
Est.Price: ?

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10,084 Sqft Lot

7755 Vineyard AVE Rancho Cucamonga, CA 91730

Est. payment /mo
SOLD DATE : 05/30/2024

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Key Details

Sold Price $125,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22241847

Sold Date 05/30/24

HOA Y/N No

Lot Size 10,084 Sqft

Property Description

This Value Added Parcel is Back on the Market! Part of the Three Best Residential Parcels in Rancho Cucamonga! This fully-entitled, three lot subdivision boasts three nearly level, large lots (see also MLS listings for 0208-09-185 and 0208-09-187-0000; each lot exceeds 10,000 sq. ft. and they average over one quarter acre each). The location is superb for family living, for high-quality rental properties, and for optimizing unit count using ADU's. The parcels are adjacent to the Pacific Electric Trail, on Vineyard Ave. north of Foothill Blvd, and a very short walk from Red Hill Park. The City of Rancho Cucamonga has been advised to expect ADU's on each lot, per all discussions to date. Each lot has house plans, and the unit distribution potential is for a Main Home (~ 2,400 sf), a Jr. ADU (~ 500 sf), and a detached ADU (~ 1,200 sf) on EACH LOT. This project is ideal for "Build to Rent" investment purposes (see projected rents in notes below). Many development steps are complete - Approved Parcel Map (subdivision done), Survey, Rough Grading, Soils Report, House Plans, Street Improvement Plans, Performance Bond, and more. The City of Rancho Cucamonga has expressed general verbal agreement to the development plan as broadly outlined. Sellers relocating next year. All the above documentation and reports available to the best Buyer/Builder as needed. This particular nearly flat, approximately rectangular 10,084 sq. ft. vacant lot is the middle parcel of the three. The lot is easily accessed by a shared driveway (at least 20 feet wide). If the above noted unit mix were built (Main, ADU, and JADU), the current comparable rents on each unit would be $3,700, $2,700, and $1,600 respectively. This rent configuration would yield $8,000 per month and $96,000 per year ON EACH LOT in gross rents. Serious inquiries only. DISCLOSURE: Listing Agent related to sellers.

Location

State CA

County San Bernardino

Area 688 - Rancho Cucamonga

Zoning Residential

Interior

Fireplace No

Exterior

Fence Block, Chain Link, Partial

Community Features Biking, Curbs, Foothills, Golf, Gutter(s), Hiking, Horse Trails, Storm Drain(s), Street Lights, Suburban, Sidewalks, Valley, Park

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N Yes

View City Lights, Mountain(s), Valley

Building

Lot Description 2-5 Units/Acre, Flag Lot, Gentle Sloping, No Landscaping, Near Park, Near Public Transit, Rectangular Lot, Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 0208091860000

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Horse Feature Riding Trail

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by DOUGLAS LAW • COLDWELL BANKER TOWN & COUNTRY
Bought with PATRICIA LEMIEUX • PATRICIA LEMIEUX

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Chad Nason

Agent | License ID: 02009648

+1(562) 972-3274

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