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- LoopNet Team
E Jarvis St
Perris, CA 92571
Citrus Estates 125 Townhomes Project · Land For Sale · 5.57 AC
INVESTMENT HIGHLIGHTS
- 5.57± Acres- HIGH DENSITY MULTIFAMILY LAND TO BUILD UP TO 125 UNITS
- Located in a Federal Opportunity Zone
- Zoning that may allow 125 units utilizing up zoning to MFR-22 zoning
- Townhomes / Condominiums or Apartments or Build for Rent ( BFR ) in high demand area
- 2 Metrolink stations, minutes away walk, Located just off interstate 215 and Hwy 74
- Conceptual Plans, Geotech, Capacity Study, Alta
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 5.57 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.57 AC |
DESCRIPTION
Citrus Estates, is an MFR-14, Multifamily Residential Land Site- Mid Density for attached and detached single-family or Multiple-family development, including apartments and condominiums A new, 125 unit project plan was presented and reviewed by the City Of Perris in 2022 and 2023, with the city in favor of Zoning that may allow 125 unit utilizing MFR-22 zoning, at 22 DU per acre. The 5.13± acre property located on E. Jarvis Street presents an interesting study. The site is flat and rectangular and lays out well for 2&3 story product. An adjacent paper street (Ruby) with 18,460±sf (.43) Acres sits between the subject property and the elementary school next door. This land can be vacated by the city and deeded to this property upon approval of the development project. Allowing this deeded land to be factored into project land calculations now totaling 5.57± Acres. (Buyer to confirm with the City planners).
PROPERTY TAXES
| Parcel Number | 311-180-018 | Improvements Assessment | $0 |
| Land Assessment | $594,660 | Total Assessment | $594,660 |
PROPERTY TAXES
ZONING
| Zoning Code | MFR-14 (MFR-14 Multifamily Residential- Attached and detached single-family dwellings Multiple-family development, including apartments and condominiums) |
| MFR-14 (MFR-14 Multifamily Residential- Attached and detached single-family dwellings Multiple-family development, including apartments and condominiums) |
