6118 Clark Rd Paradise, CA 95969
5.09 acres with potential for a large multi-unit complex.
Property Features for 6118 Clark Rd
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agent: Allan Macdonald
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Paradise Multifamily Development Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Paradise
- County
- Butte
- State
- California
- Longitude
- -121.6040725
- Latitude
- 39.7625338
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FAQs
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 Rd 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.