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    6601 Rd 136 Teviston, CA 93219

    Sponsored
    For Sale
    $33,419,100

    20.5 Acres, 1,558 Units Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20.5-acre property in Earlimart, California, presents a unique opportunity for high-density multifamily development. Zoned R-3, it's approved for up to 1,558 units at a density of 76 units per acre. Located at 6601 Rd 136, Earlimart, CA 93219 (APN 316-180-011), this land is situated within an economic opportunity zone, offering significant investment advantages. The property has undergone a comprehensive 12-year entitlement and re-zoning process, culminating in its inclusion in Tulare County's official community development plan. Extensive environmental impact reports (EIR) and other state-mandated requirements have already been completed, streamlining the development process. Tulare County's Planning and Building Departments actively support this project. The asking price is $33,419,100, or approximately $21,450 per projected unit. Seller financing is available, making this an attractive investment opportunity. This property offers a significant advantage with its pre-approved zoning and completed environmental studies, reducing development timelines and costs. The supportive local government further enhances the project's viability.

    Property Features for 6601 Rd 136

    General Information

    Property type
    Multifamily properties

    HighLights

    • 20.5‑acre R‑3 zoned multifamily development site in Earlimart, CA, approved for 1,558 units (76 units/acre).
    • Located at 6601 Rd 136, Earlimart, CA 93219 (APN 316‑180‑011), within an Opportunity Zone.
    • Fully entitled and rezoned, with completed EIR and all state‑mandated studies.
    • Strong local government support.
    • $33,419,100 asking price ($21,450/projected unit); seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Pet Supply Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Teviston
    County
    Tulare
    State
    California
    Longitude
    -119.2688154
    Latitude
    35.908806

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    FAQs

    What type of property is this?
    Multifamily property - 20.5 Acres, 1,558 Units Possible
    Where is this multifamily property located?
    The property is located at 6601 Rd 136 Teviston, CA.
    What is the asking price?
    The asking price for this property is $33,419,100.
    What are key features of this property?
    This property features: 20.5-acre R-3 zoned multifamily development site in Earlimart, CA, approved for 1,558 units (76 units/acre).; Located at 6601 Rd 136, Earlimart, CA 93219 (APN 316-180-011), within an Opportunity Zone.; Fully entitled and rezoned, with completed EIR and all state-mandated studies.
    Request Owner's contact information
    6601 Rd 136 Teviston, CA 93219
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    Teviston, CA 93219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6601 Rd 136 Teviston, CA 93219
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