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Lincoln Blvd - Main Street

17.1 Acres of Residential Land Offered at $7,206,008 CAD in Livingston, CA 95334

Investment Highlights

  • Prime Location
  • Located next to Livingston High School
  • Main St. Frontage

Executive Summary

The Villages at Main is a comprehensive multifamily development project situated in Livingston, California. This project encompasses 480 residential units spread across twenty three-story buildings, each featuring 24 units. The breakdown of the units includes 84 one-bedroom units, 300 two-bedroom units, and 96 three-bedroom units, catering to a diverse range of housing needs. In addition to the residential buildings, the project includes a two-story community building covering 6,343 square feet. This community space is designed to enhance the quality of life for residents, featuring amenities such as an outdoor pool and spa. Located just south of the Livingston High School playing fields, the project spans 753,588± Sqft (17.3± acres) across two parcels. The site received approval for Site Plan and Design Review in October 2021, marking it as a fully entitled project ready for development. Livingston, CA, currently hosts only 16 other multifamily properties, with approximately 396 total apartment units. Given the limited existing supply and the significant demand for housing in the area, The Villages at Main presents a substantial opportunity, particularly for affordable housing developers. The city and surrounding regions are experiencing robust commercial development, further highlighting the strategic importance of this residential project. Overall, The Villages at Main is positioned to address the high demand for multifamily housing in Livingston, offering modern living spaces and community amenities within a rapidly developing area.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per AC (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per AC $9.99
Other Income (CAD)
Annual $99,999
Annual Per AC $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per AC $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per AC $9.99
Taxes (CAD)
Annual $99,999
Annual Per AC $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per AC $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per AC $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $7,206,008 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Build to Suit
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 17.10 AC

1 Lot Available

Lot

Price $7,206,008 CAD
Price Per AC $421,404 CAD
Lot Size 17.10 AC

17.1+/- Acres of High Density Residential development land, entitled for 480 total units. This property is located in City of Livingston. City Utilities available at the street. Developer to complete MID canal improvements prior to vertical build.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
047-280-029
Land Assessment
$913,479 CAD (2024)
Improvements Assessment
$15,743 CAD (2024)
Total Assessment
$929,221 CAD (2024)
Annual Taxes
-$1 CAD
Tax Year
2023

zoning

Zoning Code R-3 (High Density Residential)
R-3 (High Density Residential)
  • Listing ID: 32252416

  • Date on Market: 2024-06-25

  • Last Updated:

  • Address: Lincoln Blvd, Livingston, CA 95334

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