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    6600 Rd Teviston, CA 93219

    For Sale
    $48,400,638

    29 Acres, High-Density Multifamily, R-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 29.69-acre development opportunity in Earlimart, California, presents a unique chance to build a substantial multifamily project. Located at 6600 Rd 136, Tulare County (APN 318-120-013), this property boasts R-3 High-Density Multifamily zoning, permitting up to 76 units per acre. The land is situated within an economic opportunity zone, offering potential tax advantages. Seller financing is available, making this an even more attractive investment. This site has undergone a comprehensive 12-year entitlement and re-zoning process, culminating in its official incorporation into Tulare County's community development plan. The Tulare County Planning and Building Departments actively support this project's progression. Extensive environmental impact reports (EIR) and other state-mandated requirements have already been completed due to the property's inclusion in the Tulare General Plan. The asking price is $48,400,638, translating to approximately $21,450 per projected unit. This is a turnkey opportunity for high-density multifamily development in a strategically advantageous location.

    Property Features for 6600 Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • 29.69‑acre development site in Earlimart, CA, ideal for high‑density multifamily.
    • R‑3 zoning allows up to 76 units per acre.
    • Located in an Opportunity Zone, offering potential tax benefits.
    • Seller financing available.
    • $48,400,638 asking price; approximately $21,450 per projected unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Teviston
    County
    Tulare
    State
    California
    Longitude
    -119.2670104
    Latitude
    35.9084214

    Nearby Comparable

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      Earlimart Commercial Corner Lot

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      Earlimart Commercial Land Development

      11.21 Acres, C-2 Zoned, Seller Financing
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    • $4,378,468
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      Earlimart 28-Acre Development Land

      Prime Earlimart residential land, seller financing.
      6751 Rd, Teviston, CA 93219
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    • $1,950,000
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      Earlimart Industrial Property

      10,000 SF Industrial Building, 15 Acres
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    • $1,800,000
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      Earlimart Industrial Property

      ±10,000 SF Warehouse, 15 Acres
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      View Details

    FAQs

    What type of property is this?
    Multifamily property - 29 Acres, High-Density Multifamily, R-3 Zoning
    Where is this multifamily property located?
    The property is located at 6600 Rd Teviston, CA.
    What is the asking price?
    The asking price for this property is $48,400,638.
    What are key features of this property?
    This property features: 29.69-acre development site in Earlimart, CA, ideal for high-density multifamily.; R-3 zoning allows up to 76 units per acre.; Located in an Opportunity Zone, offering potential tax benefits.
    Request Owner's contact information
    6600 Rd 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
    6600 Rd Teviston, CA 93219
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