CA 92509 O Canal St.& Ln Rue St. Jurupa VlyRiverside, CA 92509

Property Details for CA 92509 O Canal St.& Ln Rue St. Jurupa Vly

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional investment opportunity presents a proposed 52-unit townhouse development situated on a 3.75-acre parcel in the rapidly expanding Jurupa Valley, California. Located at the southeast corner of Canal Street and La Rue Street (APN # 1790210011), this prime location offers significant potential for substantial returns. The property consists of two contiguous parcels, and the sale includes all entitlements, expected to be finalized by the end of 2024. The tentative tract map number is 38688. This is a turnkey opportunity to acquire a fully entitled project, eliminating the time and expense associated with navigating the entitlement process. The asking price is $2,860,000, representing an attractive price per unit of $55,000. The project's location within the growing Jurupa Valley area ensures strong demand and future appreciation potential. This is an ideal investment for developers seeking a streamlined path to a profitable multi-family residential project. All necessary approvals are anticipated to be secured by the end of 2024, allowing for a swift commencement of construction. Don't miss this chance to acquire a well-positioned, fully entitled development ready for immediate action.

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

34.0061

Longitude

-117.412

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