12836 3rd Street
Yucaipa, CA, 92399 $ 6,000,000
Baths0.0 Sq 110,000 Monthly Estimate*
$ 41,912
Listed by Realty Masters & Associates
Studio
for $6,000,000. This 110,000 square foot building was built on a lot size of 5.
This is a rare opportunity to acquire 5 Acres that is a FULLY ENTITLED & Approved 150 unit SENIOR APARTMENT COMPLEX for Active Seniors. This project will be the only Senior Apartment Facility in the city of Yucaipa, CA in its class that will offer Senior Citizens a health-conscious life style with Amenities that include: Pool, Spa, Recreational Area, Firepit, BBQ & Picnic Area, Community Garden, Scenic Walking Trail, & Dog Park. All Improvement Plans are complete and SHOVEL READY. Only remaining plans that must be submitted prior to pulling a Building Permit are Structural Calculations, Landscape Construction Drawings, and the Dry Utility Plan which have been purposefully reserved for the Developer's preference. This property is also located in an OPPORTUNITY ZONE which allows major Tax Benefits to a long term Investor to save big on any future capital gains taxes. The property has an existing home and 2 accessory structures that will be removed prior to construction. Topographically, the property slopes gradually from NE to SW toward the existing creek along its southern boundary. This project (#21-045) was granted the density bonus for 30 units/per acre to help serve the need for many retirees in the near future. According to the U.S. Census Bureau, By 2030, All Baby Boomers Will Be Age 65 or Older in the U.S. The number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060. In 2022, the senior population in Yucaipa accounts for 30.9% of the entire population, which should increase to 31.4% by 2027. In 2022, households with a householder aged 55+ had an average household income of $93,581 and is expected to increase to $111,520 by 2027, which will support market rents for Senior living. In addition to longer life spans, the stats around an aging populous reveal that the Demand for Resort-Style 55+ Communities is not a short term need, but a future need for the upcoming generations. Yucaipa, CA is also currently pending an AVA "Yucaipa Valley" Approval for designated WINE COUNTRY which will reserve 36,467 acres for 23 vineyards and 2 wineries - which will only further attract more residents to an already vastly-growing city. With an aging population and a SFR-heavy housing stock, the Riverwalk Senior Living Apartments will fill a need within the community for active seniors who no longer wants the upkeep of a single-family home, but still wants a high quality place to live. Brochure is in Supplements.
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FeaturesGeneralUtilities ElectricityAvailable NaturalGasAvailable SewerAvailable WaterAvailable
Electric Standard
Property SubType MultiFamily
Waterfront Features Creek
County San Bernardino
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions From Yucaipa Bl turn south on 3rd St and the property will be on your right hand side
City Yucaipa
View Y/N N
Senior Community Y/N N
Total Units 150
MLS Area 269 - Yucaipa/Calimesa/Oak Glen
Lot Size Square Feet 217800.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 3rd
Listing Terms Cash Conventional OwnerMayCarry Submit
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 518
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Vacant
Property Sub Type Additional MultiFamily
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ExteriorLot Features Item2630UnitsAcre GentleSloping RectangularLot
Water Source Public
Lot Size Area 5.0
Spa N
Building Area Total 110000.0
Lot Size Acres 5.0
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 3
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup GasDryerHookup
Electric On Property Y/N N
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* Excluded FeaturesList ByRealty Masters & AssociatesBroker
Affordability Calculator
- Monthly Principal & Interest
- $41,912
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Yucaipa, CA
Average List Price $1,514,931
Percent of Sale Price 75%
About Yucaipa, CA 53,499 Population
30% Since 2002
$ 57,760 Median Income
39.05 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
11/17/2022 | $6,000,000 | | Listed Price |