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Sunset Dr - 65+ Acres in South Redlands Specific Plan

65 Acres of Residential Land Offered at $2,647,520 CAD in Redlands, CA 92373

Investment Highlights

  • Up to 19 Lots Previously Approved
  • Possible mitigation land, water reservoir or basin, conservation land

Executive Summary

Prior Tentative Map allowed potential to develop 19 lots ranging from half acre lots up to 8 acre lots.

Property Facts

Price $2,647,520 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 65.00 AC

1 Lot Available

Lot 5

Price $2,647,520 CAD
Price Per AC $40,731 CAD
Lot Size 65.00 AC

The two northern parcels consist of 0176-111-11-000 with 9.23 acres fronting Sunset Dr and 0176-111-12-0000 with 6.61 acres. The two southern parcels are 0176-121-05-0000 with 45.93 acres and 0175-271-02-0000 with 3.3 acres.

Description

Rare developer or land baron opportunity consisting of 4 parcels totaling over ± 65 acres located in south Redlands just east of the Alessandro Road and Sunset Drive intersection, overlooking the orange groves in San Timoteo Canyon. Prior Tentative Map allowed potential to develop 19 lots ranging from half acre lots up to 8 acre lots. This is a unique opportunity to invest in a large parcel of land in a desirable area of Redlands. The property has the potential to be developed into a high-end residential community with stunning views of the mountains and orange groves in San Timoteo Canyon. Very desirable area of Redlands, close to schools, shopping, and dining. It is also close to major highways, making it easy to commute to Los Angeles, San Diego, and Coachella Valley. Alternative uses could be mitigation land, water reservoir or basin, conservation land, etc., all subject to City approval. The two northern parcels consist of 0176-111-11-000 with 9.23 acres fronting Sunset Dr and 0176-111-12-0000 with 6.61 acres accessible from Sunset Court. A total of 15.84 acres offered at a total of $520,000.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0176-121-05
Land Assessment
$428,977 CAD
Improvements Assessment
$0 CAD
Total Assessment
$428,977 CAD

zoning

Zoning Code SP (Specific Plan 43 per City of Redlands)
SP (Specific Plan 43 per City of Redlands)
  • Listing ID: 29823517

  • Date on Market: 2023-10-18

  • Last Updated:

  • Address: Sunset Dr, Redlands, CA 92373

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