This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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

*****BACK ON THE MARKET as of 10-1-2024 *******
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
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
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.)
  • Listing ID: 31717793

  • Date on Market: 2024-05-06

  • Last Updated:

  • Address: 34562 Wildwood Canyon Rd, Yucaipa, CA 92399

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}