Zoned R3 Multi-Family Development
For Sale
$179,000
632 Benson Avenue, Modesto, CA 95354
R3-zoned lot with foundation approval and a ready-to-submit plan for three residential units.
Property SizeContact for details
Days on Market184
Property Features for 632 Benson Avenue
General Information
Standard status
Active
Property subtype
Lots/Land
Zoning
R3
Additional Details
Opportunity Zone
Yes
Listing Agency:
PACIFIC STERLING REALTY/Irvine
(626) 503-3364
Listed By:
ONYI KO · License #01904516
(626) 503-3364
Source:
Exitrealty
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 8 at 3:44PM
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 PACIFIC STERLING REALTY/Irvine
Investment Insights
Based on property information with market context.
Raw land zoned R3 with approval foundation for a single unit and suitability for multi-family development. The project plan is ready for submission for a three-unit residential structure, providing a clear path for an operator or developer starting from an early design stage rather than a blank slate. Overhead power supply is already in place, which may simplify steps for any required power upgrades tied to future construction.
This property is located in a verified California Opportunity Zone. Public remarks also indicate a seller estimate of $6,000 per month in property income when all three units are completed, alongside referenced tax incentives associated with Opportunity Zone development.
For developers evaluating R3 multi-family options, the combination of R3 zoning, existing foundation approval, and a three-unit submittal-ready plan can support a more direct development workflow. The existing utility infrastructure may help reduce upfront complexity when planning for power during construction. As with any entitlement and permitting process, next steps would include filing and approvals based on the submitted plan.
This property is located in a verified California Opportunity Zone. Public remarks also indicate a seller estimate of $6,000 per month in property income when all three units are completed, alongside referenced tax incentives associated with Opportunity Zone development.
For developers evaluating R3 multi-family options, the combination of R3 zoning, existing foundation approval, and a three-unit submittal-ready plan can support a more direct development workflow. The existing utility infrastructure may help reduce upfront complexity when planning for power during construction. As with any entitlement and permitting process, next steps would include filing and approvals based on the submitted plan.
Key Highlights
- Raw land zoned R3, suitable for single‑family and multi‑family residential development.
- Foundation approval already in place for a single‑unit start.
- Plan is ready for submission to build 3 residential units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 95354, CA
26,765
Population
9,797
Households
2.7
Avg Household Size
36
Median Age
17%
College-Educated
80%
High-School Grad
7.7 sq mi
ZIP Area
3,476
Density / Sq Mi
$65,643
Median Household Income
$42,126
Median Earnings
$1,463
Median Rent
$360,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - R3-zoned lot with foundation approval and a ready-to-submit plan for three residential units.
Where is this residential land & home lot located?
The property is located at 632 Benson Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Raw land zoned R3, suitable for single‑family and multi‑family residential development.; Foundation approval already in place for a single‑unit start.; Plan is ready for submission to build 3 residential units.
