1 Palomar Street Wildomar, CA 92595
- Added:
- Jun 21, 2023
- Days on Market:
- 1044
- Last Refresh:
- Apr 29 at 11:06 pm
Property Features for 1 Palomar Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- RR/C1-CP
- Exterior features
- Community Features Included: Urban
- Standard status
- Active Under Contract
- APN
- 368060011
- Lot size
- 456,944.40 Acres
Building Details
- Architectural style
- Other
Listing agent Corinne Berge (951) 216-2000
Listing office Realty ONE Group Southwest 25220 Hancock Avenue, Temecula, CA (951) 216-2000
Listing date Jun 21, 2023
MLS# SW23108050
Listing URL
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Overview
Wildomar Land: Development Potential
This residential land offers potential development opportunities and is being considered for upcoming re-designation by the City of Wildomar as Medium Density Residential (MDR). There is great potential for two homes each on 33 lots, with the possibility of an Accessory Dwelling Unit (ADU) plus a main home. This presents a builder opportunity for sale or rent. Wildomar is undergoing a General Plan Amendment, and a potential lot layout for 29 lots has been proposed. The property is gentle to flat, offering a perfect opportunity for homes on average to larger lots, potentially with room for RV garages or ADUs. It is a great opportunity for two-on-one or for rent development. The property consists of multiple parcels: 368-060-011 (4.78 acres), 368-060-012 (4.78 acres), 368-060-025 (0.41 acres), and 368-060-026 (0.52 acres), totaling 10.49 gross acres. Proposed lot sizes range from 7,000 square feet to 10,890 square feet, with slightly larger lots along the rear of the property due to adjacent larger lots. A fault study has been completed. The seller may desire to do a 1031 Tax Deferred Exchange, and the COE may be subject to the finalization of GPA to MDR.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Wildomar
- County
- Riverside
- State
- California
- Longitude
- -117.286615
- Latitude
- 33.611338
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Residential land with potential for development in Wildomar, California.
Where is this land located?
The property is located at 1 Palomar Street Wildomar, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Potential for re‑designation as Medium Density Residential (MDR) by the City of Wildomar.; Great potential for developing two homes on each of 33 lots.; Builder opportunity for sale or rent development.
