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Property profile & analytics
FOR SALE
Investment properties

17897 Marygold Ave Bloomington Bloomington, CA 92316

1,693 SF 4.48 ac lot Built 1983
Individually Owned 8-yr Hold
Property ID
US10-1179996
17897 Marygold Ave,Unit Bloomington, Bloomington, CA 92316 For Sale
$9,000,000 1,693 SF
17897 Marygold Ave,Unit Bloomington, Bloomington, CA 92316
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Property summary
AI-generated overview

This exceptional 4.48-acre mixed-use property presents a compelling investment opportunity in the thriving Inland Empire market of Bloomington, CA. Strategically located near the intersection of major freeways – I-10, I-210, and I-15 – this site offers unparalleled access and visibility. The 1,200 square foot existing structure sits on a large parcel with approved development plans allowing for up to 40 units per acre. This translates to significant potential for substantial returns, capitalizing on the area's robust multifamily sector and strong local economy. The property benefits from sound demographics and a consistently high demand for housing in this rapidly growing region. The current market conditions in the Inland Empire are exceptionally favorable for developers and investors seeking to leverage the area's ongoing rent growth and development activity. This is a rare chance to acquire a well-positioned asset with significant upside potential in a highly sought-after location. The approved development plans streamline the process, minimizing delays and maximizing efficiency for a swift and profitable project. The property's size and zoning make it ideal for a variety of mixed-use developments, catering to the diverse needs of the community. This is a turnkey opportunity for those seeking to capitalize on the Inland Empire's dynamic real estate market. The asking price is $9,000,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1983
Construction FRAME
Total area 1,693 SF
Lot 4.48 ac (195,148 SF)
APN 0252-051-66-0000
UPID US10-1179996
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
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$822k
Blend (final) Blend
$610k
Owner & transaction history
Juhl T Dhillon · 8 yrs held
Juhl T Dhillon
since 2017
7 recorded transactions
2023
Price N/A
2017
Price N/A
2017
$2.8M
2013
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $735,000 +26.4%
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