Huge rare 5.39 Acres gated property with gentle slope and $39,840 annual income from ATT cell site to be increased at 3-5% per year according to inflation rate. Zone S-F 20,000 (residential). Lot can be subdivided into custom residential lots with minimum 20,001 sq ft per lot. Upscale custom neighborhood nestled in a very secluded area with privacy and easy access to the freeway. It is in a very desirable area of San Dimas. This lot is perfect for investor who wants to purchase a land for long term appreciation with a steady income to pay for land expanses. It is currently operates as a plant nursery with a beautiful stream on the property. Property has electricity, gas and water line. It is within a close proximity to 10/60/57/71 freeways. There are several wireless companies that are making offers on the cell tower for close to half a million dollars. New owner can elect to sell the cell tower for concurrent escrow close if they only need the land for redevelopment. This proceed from the cell tower sale will bring down the total purchase price for the new owner.
* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
The Other Residential located at 21680 Covina Hills Road, San Dimas, CA 91773 is currently for sale.
21680 Covina Hills Road is listed for $3,980,000.
If the property located at 21680 Covina Hills Road, San Dimas, CA isn't what you're looking for,
search California real estate to see other houses for sale in San Dimas.