13.66 Acres of Multifamily Land in Perris, California with a potential for 190 +- units of luxury Apartments or Condominiums 

 

 

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LOCATION: Nuevo Road just west of Evans Road

 

 

 

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DESCRIPTION: APN 310-180-035   1.54 acres

                               APN 310-180-010  12.12 Acres

$ 2,850,000.00  

 

 

 

 

This property is located on Nuevo Road in the City of Perris California  about 1.8 miles east of interstate 215.  This property is adjacent to most of the new residential developments in the city of Perris. It is zoned for Multi family with a current density of 14 units per acre.

This property is one of the very few properties zoned for Multifamily apartment or condominium in the city of Perris California. There might be a possibility to change the zoning to a higher density. Most of properties in the City of Perris are located either in a Mello Roos or community facility districts. This property does not have any Mello Roos  and is just out side of the North Perris Roads and Bridge benefit district. This is a  saving of $9,871.00 per unit during development of property.

Water and Sewer are to the property.   

It is centrally located between two of the most populated cities in south western Riverside County.  The property is just west of Park West Specific planned development in the City of Perris California. Park West is a 534 acre master planned community.

 

 

Click here for more information about the Perris area submarket.

https://docs.google.com/open?id=0B-H8Dnn_4RvLZmI2ODE3ZmQtZmZmMy00NDhiLWEyMDgtOGMzNjM3ZjZiMTVl

 

 

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