We are pleased to exclusively offer for sale (3) contiguous 1-Acre Parcels; APN#0207-262-01, 02 and 03. Addresses included in offering are 8551, 8565 and 8583 Madrone Avenue. Zoned for rare Medium Density Development in the City of Rancho Cucamonga with the potential for 42+ Townhome Unit. Located west of Vineyard and South of Arrow Route in the center of newer single family and medium density development. Combined acreage is approximately 3.13 with an approximate square footage of 136,444. Offering price is approximately $21.25 per square foot. R.C. Zoning specifies and allows up to 14 dwelling units per acre when multiple acres are combined. This a rare and very good opportunity for In-Fill density within the easterly portion of the city. Rancho Cucamonga's housing market has stabilized and once again appreciating in value and sought after due to its location. Demand is high and new inventory very low for this type of potential product! Two of the three parcels currently have single family rental housing. Please contact Broker for additional information and full Offering Memorandum. Prospective buyers to complete their own thorough Due Diligence for any and all proposed new land use. Older Assessors records in regard to parcel sizes are not accurate.
* 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.