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Property profile & analytics
OFF-MARKET
Land

6601 Rd Teviston, CA 93219

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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