San Jacinto, CA 92582,368 N Lyon AVE
$2,900,000
$3,700,000
21.6%
Est.Price: ?

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1,837,360 SqFt

368 N Lyon AVE San Jacinto, CA 92582

Est. payment /mo
SOLD DATE : 05/31/2024

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Key Details

Sold Price $2,900,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Square Footage 1,837,360 sqft

Price per Sqft $1

MLS Listing ID SR21217829

Sold Date 05/31/24

HOA Y/N No

Lot Size 42.180 Acres

Acres 42.18

Property Description

This is an incredible opportunity to own a beautiful 43 acre property, consisting of 2 parcels. The lots are flat and zoned RL (Residential Low Density). This zoning allows single family homes, modular homes and townhomes, at an allowed density of 2.1 - 5 dwelling units per acre, allowing for a total of 90 - 215 dwelling units to be developed on the lots. There is an expired tentative tract map for 140 single family lots. The tentative tract map still complies with the current zoning, and it's estimated it will take approximately six months to one year to bring the project to final recording. The property is surrounded by newer single family tract home developments that have been selling quickly. Furthermore, there is a new middle school currently in construction across the street, through the San Jacinto School District, with completion and enrollment scheduled for 2021.

These lots are next to Mount San Jacinto State Park, and close to the Gilman Hot Springs, located in the rural and serene San Jacinto area, just far enough from everything to feel like you're in the county, but still accessible to modern day amenities. The vacant lot is 10 minutes to the Soboba Casino Resort, Soboba Springs Golf Course, Golden Era Golf Course and the Mount San Jacinto College. Additionally, the property is only 1 1/2 hours from business and high job centers, such as Orange County, San Diego and Los Angles. Furthermore, it's less than 45 minutes to San Bernardino, Temecula wine county, as well as Palm Springs and the Coachella Valley. This is an exceptional opportunity to purchase a 43 acre development site in a quickly appreciating area in Southern California.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning A210

Exterior

Fence Chain Link

Community Features Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N 1

View Neighborhood

Building

Lot Description 2-5 Units/Acre, Agricultural, Corner Lot, Horse Property, Horse Property Unimproved, Level with Street, Lot Over 40000 Sqft, Utilities - Overhead, Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 3.0

TERMS Cash,Cash To New Loan,Owner May Carry,Submit

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Zack King

SHOW CONTACT PH 818-825-7388

SHOW INSTRUCTIONS Please Call or email Listing Agent for information prior to showing. Zack King 818-825-7388 Zking1@live.com

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CRMLS Plus
Listed by Keller Williams Realty Calabasas
Bought with WD Land
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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