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34562 Wildwood Canyon Rd - SFR W/APPROVED PLANS FOR 5 MORE UNITS
0.69 Acres of Residential Land Offered at $963,846 CAD in Yucaipa, CA 92399
Investment Highlights
- EXISTING REMODELED RENTAL PROPERTY
- APPROVED FOR: AN ADDITIONAL 3 COTTAGE HOMES WITH 2 CAR GARAGES
- CONDITIONALLY APPROVED / BUILDING PERMITS READY TO CONSTRUCT
- APPROVED FOR: 2 APARTMENTS WITH PRIVATE PARKING AND DECK
Executive Summary
Zoned multi-family and located along Wildwood Canyon Road in Yucaipa CA. This 6 unit multi-family project is permit ready for an additional 5 units which includes adding a 2-car garage to the existing unit on site currently.
The property consists of : One 2-Bedroom 2-Bath, fully remodeled 1,058 SF cottage, leased on a month-to-month basis and: Three (3) 900 SF dwelling units, each contain a 400 SF detached garage and the construction of an additional separate garage to serve the existing remodeled cottage on the multi-family residential property located at 34652 Wildwood Canyon Road in Yucaipa, California. Two (2) 749 SF 1 Bed-1 Bath apartments above Residence 2 and Residence 3. These two additional units will have a private parking area assigned to the tenants.
Yucaipa is seeing a lot of new development. As a growing community, the City has a variety of housing options for every family size and need. Yucaipa residents enjoy a premiere quality of life in a safe, family-friendly community complete with open space recreational opportunities, a historic downtown area with boutique shops and eateries, and amenities that contribute to a comfortable suburban lifestyle.
All predevelopment material and architecture will become the property of the new owner. Grading Permit, Structural, Soils, Civil/Bio Study, survey construction staking has been paid for.
Buyer to do all due diligence to satisfy themselves with the status of the project. The information contained herein has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per AC (CAD) |
---|---|---|
Gross Rental Income | $244,930 | $354,971.28 |
Other Income | - | - |
Vacancy Loss | $12,247 | $17,748.56 |
Effective Gross Income | $232,684 | $337,222.71 |
Taxes | $41,800 | $60,579.30 |
Operating Expenses | $39,777 | $57,647.91 |
Total Expenses | $81,577 | $118,227.21 |
Net Operating Income | $151,107 | $218,995.50 |
Financial Summary (Pro forma - 2024)
Gross Rental Income (CAD) | |
---|---|
Annual | $244,930 |
Annual Per AC | $354,971.28 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per AC | - |
Vacancy Loss (CAD) | |
---|---|
Annual | $12,247 |
Annual Per AC | $17,748.56 |
Effective Gross Income (CAD) | |
---|---|
Annual | $232,684 |
Annual Per AC | $337,222.71 |
Taxes (CAD) | |
---|---|
Annual | $41,800 |
Annual Per AC | $60,579.30 |
Operating Expenses (CAD) | |
---|---|
Annual | $39,777 |
Annual Per AC | $57,647.91 |
Total Expenses (CAD) | |
---|---|
Annual | $81,577 |
Annual Per AC | $118,227.21 |
Net Operating Income (CAD) | |
---|---|
Annual | $151,107 |
Annual Per AC | $218,995.50 |
Property Facts
Price | $963,846 CAD | Property Type | Land |
Sale Type | Investment or Owner User | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 0.69 AC |
Price | $963,846 CAD |
Sale Type | Investment or Owner User |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.69 AC |
1 Lot Available
Lot
Price | $963,846 CAD | Lot Size | 0.69 AC |
Price Per AC | $1,396,878 CAD |
Price | $963,846 CAD |
Price Per AC | $1,396,878 CAD |
Lot Size | 0.69 AC |
Ready to Build-Small Development-Permit Ready Qualifies for VA Financing Ideal Build to Rent Opportunity
Description
One 2-Bedroom 2-Bath, fully remodeled 1,058 SF cottage, leased on a month-to month basis CONDITIONALLY APPROVED / BUILDING PERMITS READY TO CONSTRUCT Three (3) 900 SF dwelling units, each contain a 400 SF detached garage and the construction of an additional separate garage to serve the existing remodeled cottage on the multi-family residential property located at 34652 Wildwood Canyon Road in Yucaipa, California. Two (2) 749 SF 1 Bed-1 Bath apartments above Residence 2 and Residence 3. These two additional units will have a private parking area assigned to the tenants. (tenants on month-to-month lease) AVAILABLE UPON REQUEST: • Engineering • Architecture UTILITIES: •Electric: Southern California Edison •Gas: SoCal Gas •Trash: Burrtec •Water: Yucaipa Valley Water District CURRENT INCOME: •$2,000.00 per month EXISTING HOME • 1,058 SF • 2 Bed-2 Bath • Built in 1930 • Fully remodeled in 2022 • Long-Term Tenants • Tenants on Month-to-Month Lease
zoning
Zoning Code | RM-72C (Multiple Residential (RM) District.) |
RM-72C (Multiple Residential (RM) District.) |
Presented by
34562 Wildwood Canyon Rd - SFR W/APPROVED PLANS FOR 5 MORE UNITS
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