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    • Elevate Real Estate Agency
      8160 Haven Ave. Suite 103
      Rancho Cucamonga, CA 91730
      (909) 636-2744
      pamelabergman@ymail.com

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      California Regional Multiple Listing Service

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      $125,000
      Sold

      7755 Vineyard Avenue

      Rancho Cucamonga, CA 91730
      0.23 acres | #CV22241847
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      Listing OfficeCOLDWELL BANKER TOWN & COUNTRY
      Type:Purchase
      Structure:Land
      Zone:Residential

      Description

      This Value Added Parcel is Back on the Market! Part of the Three Best Residential Parcels in Rancho Cucamonga! This fully-entitled, three lot subdivision boasts three nearly level, large lots (see also MLS listings for 0208-09-185 and 0208-09-187-0000; each lot exceeds 10,000 sq. ft. and they average over one quarter acre each). The location is superb for family living, for high-quality rental properties, and for optimizing unit count using ADU's. The parcels are adjacent to the Pacific Electric Trail, on Vineyard Ave. north of Foothill Blvd, and a very short walk from Red Hill Park. The City of Rancho Cucamonga has been advised to expect ADU's on each lot, per all discussions to date. Each lot has house plans, and the unit distribution potential is for a Main Home (~ 2,400 sf), a Jr. ADU (~ 500 sf), and a detached ADU (~ 1,200 sf) on EACH LOT. This project is ideal for "Build to Rent" investment purposes (see projected rents in notes below). Many development steps are complete - Approved Parcel Map (subdivision done), Survey, Rough Grading, Soils Report, House Plans, Street Improvement Plans, Performance Bond, and more. The City of Rancho Cucamonga has expressed general verbal agreement to the development plan as broadly outlined. Sellers relocating next year. All the above documentation and reports available to the best Buyer/Builder as needed. This particular nearly flat, approximately rectangular 10,084 sq. ft. vacant lot is the middle parcel of the three. The lot is easily accessed by a shared driveway (at least 20 feet wide). If the above noted unit mix were built (Main, ADU, and JADU), the current comparable rents on each unit would be $3,700, $2,700, and $1,600 respectively. This rent configuration would yield $8,000 per month and $96,000 per year ON EACH LOT in gross rents. Serious inquiries only. DISCLOSURE: Listing Agent related to sellers.

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      Legal

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      Last Updated: Today at 11:42 AM. Source: CRMLS

      Provided By
      Listing Agent: DOUGLAS LAW (#C31264)
      Listing Office: COLDWELL BANKER TOWN & COUNTRY (#1233)

      Provided By (Buyer)
      Buyer's Agent: PATRICIA LEMIEUX (#PWHAUPAT)

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