Ignite FB Tracking Pixel12836 3rd Street, Yucaipa, CA 92399 - J. Cherne Homes & Associates
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listing
1 of 10
Single FamilyFor Sale
$6,000,000
12836 3rd Street
Yucaipa, CA 92399
Listed by: Robert Mendez from Realty Masters & Associates, (951) 384-6600
MLS: Bay East Contra Costa (BECCAR)
Est. Mortgage
$31,071/mo

This is a rare opportunity to acquire 5 Acres that is a FULLY ENTITLED & Approved 150 unit SENIOR APARTMENT COMPLEX. This Project will be the only Senior Apartment Facility in the city of Yucaipa, CA in its class that will offer Senior Citizens a health-conscious life style with Amenities that include: Pool, Spa, Recreational Area, Firepit, BBQ & Picnic Area, Community Garden, Scenic Walking Trail, & Dog Park. Improvement Plans are complete and site is almost SHOVEL READY. Only remaining plans that must be submitted prior to pulling a Building Permit are Structural Calculations, Landscape Construction Drawings, & the Dry Utility Plan which have been purposefully reserved for the Developer's preference. This property is also located in an OPPORTUNITY ZONE which allows major Tax Benefits to a long term Investor to save big on any future capital gains taxes. The property has an existing home and 2 accessory structures that will be removed prior to construction. Topographically, the property slopes gradually from NE to SW toward the existing creek along its southern boundary. This project (#21-045) was granted the density bonus for 30 units/per acre to help serve the need for many retirees in the near future. According to the U.S. Census Bureau, By 2030, All Baby Boomers Will Be Age

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