12836 3rd Street
$6,000,000
217,800 / 5
Description
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...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 65 or Older in the U. S. The number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060. In 2022, the senior population in Yucaipa accounts for 30.9% of the entire population, which should increase to 31.4% by 2027. In 2022, households with a householder aged 55+ had an average household income of $93,581 and is expected to increase to $111,520 by 2027, which will support market rents for Senior living. In addition to longer life spans, the stats around an aging populous reveal that the Demand for Resort-Style 55+ Communities is not a short term need, but a future need for the upcoming generations. Yucaipa, CA is also currently pending an AVA "Yucaipa Valley" Approval for designated WINE COUNTRY which will reserve 36,467 acres for 23 vineyards and 2 wineries - which will only further attract more residents to an already vastly-growing city. With an aging population and a SFR-heavy housing stock, the Riverwalk Senior Living Apartments will fill a need within the community for active seniors who no longer wants the upkeep of a single-family home, but still wants a high quality place to live. Brochure is in Supplements.
- Listed by Robert Mendez • DRE #01971883 • Brokerage DRE #01927637 • Realty Masters & Associates • 951-283-5015
Property Details for 12836 3rd Street
View
Hills, Mountain(s), Neighborhood, Valley
Lot Size SourceAssessor
Assessor Parcel Number0319-112-03-0000
New ConstructionNo
PoolNo
ViewYes
AssociationNo
Association Fee$.00
LISTING UPDATED: 04/19/2024 03:12 AM
Property Details for 12836 3rd Street
Status | Active |
---|---|
MLS # | IG22240803 |
Days on Market | 734 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 5.00 AC |
County | San Bernardino County |
Building Information for 12836 3rd Street
Lot Size5.00 AC
Property Information for 12836 3rd Street
Property History for 12836 3rd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12836 3rd Street
Taxable ValueLand$2,132,820Additions$5,202Total$2,138,022
Tax Record2024$25,088 ($2,091 / month)
Home Facts
Beds1Total Finished SqFt768 SqFtAbove Grade Finished SqFt768 SqFtStories1Lot Size342,382 SqFtStyleSingle Family ResidenceYear Built1948CountySAN BERNARDINOAPN0319-112-03-0000Fireplace TypeHas Fireplace
Schools near 12836 3rd Street
This home is within Yucaipa-Calimesa Joint Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Valley Elementary School PublicK to 5 | ||
Mesa View Middle School Public6 to 8 | ||
Yucaipa High School Public9 to 12 | ||
Inland Leaders Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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