Paradise Multifamily Development
For Sale
$2,800,000
6118 Clark, Paradise, CA 95969
5.09 acres with potential for a large multi-unit complex.
Property SizeContact for details
Days on Market430
Property Features for 6118 Clark
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$10,000
Listing Agency:
CENTURY 21 SELECT REAL ESTATE, INC.
Listed By:
ALLAN MACDONALD
Source:
Corcoran
Added: Jun 28, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 SELECT REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This property offers significant potential for a large multi-unit complex in Paradise. The property consists of two parcels totaling 5.09 acres, zoned MF. Previously, the site housed Shelter Cover Apartments, a 32-unit complex with carports comprising 8 buildings, each containing 4 units. Currently, a renovated 4-unit building with all new 1-bedroom units is located on the site. Situated in the center of the proposed sewer system area, the zoning could potentially support up to 30 units per acre once sewer connection is available. The property is currently approved for 32 units. A buyer interested in increasing the total unit count to 75 could potentially be supported by the zoning, which allows up to 15 units per acre with a clustered wastewater system. This process would require the buyer to connect with a wastewater engineer to conduct wastewater calculations and soils testing for submission to the Onsite Wastewater Division for review and approval through a Land Use Review. Upon sewer implementation, the unit count could be increased to 150 units. Several points for ingress and egress are in place, and all older septic tanks have been removed. The current 4-unit building is located in the northwest corner at Lovely Lane. This property is suitable for investment groups or individual investors.
Key Highlights
- 5.09 acres with MF zoning in the heart of Paradise, offering incredible development potential.
- Currently approved for 32 units, with potential to increase to 75 units using a clustered wastewater system.
- Located in the center of the proposed sewer system area, potentially allowing for up to 150 units in the future.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 95969, CA
5,710
Population
3,908
Households
1.5
Avg Household Size
55
Median Age
30%
College-Educated
95%
High-School Grad
50.7 sq mi
ZIP Area
113
Density / Sq Mi
$72,250
Median Household Income
$47,969
Median Earnings
$1,244
Median Rent
$419,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 5.09 acres with potential for a large multi-unit complex.
Where is this apartment building located?
The property is located at 6118 Clark Paradise, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 5.09 acres with MF zoning in the heart of Paradise, offering incredible development potential.; Currently approved for 32 units, with potential to increase to 75 units using a clustered wastewater system.; Located in the center of the proposed sewer system area, potentially allowing for up to 150 units in the future.
