5068 Citrus Avenue

Fontana, CA 92336

This is vacant land. The pictures are renderings of the proposed buildings. Price depends on the number of units the city approves and will be $20k per unit for the land only for apartments for active seniors 55+. For example if the city approves 120 units the price will be 100 x $20k = $2 million. As shown on the Site Plan, there are two sections (front and rear). Seller is willing to split the property into two and sell either the front or the rear if the buyer can't buy the whole thing. Zoned for up to 140 units for Active Seniors 55+ on the entire property. Seller submitted the preliminary plans for a 120 units apartment complex for seniors 55+ to the city as a Pre-Application. City's comments and the plans are in the supplements. Land approx. 7.1 aces. Seller can obtain approval of plans from the city. Close of escrow will be after the city approves the plans. ALL UTILITIES ARE IN THE STREET.

This is an Active listing.

Broker Office Phone Number: 888-279-4230

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