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Investors and developers opportunities!

3 Properties Offered at $40,000,000 in Multiple Locations

Investment Highlights

  • CAP7-9%!

Executive Summary

Call Lynn:9493511343 for more info:
PROJECT RIVERSIDE:CAP7.2%, NET INCOME$1.25.6million/year
PROJECT ONE: investment &development opportunities : HIGHLIGHT:
1. Location: Just 25 minutes from Irvine, in the heart of Corona, this property offers a vibrant lifestyle. It is within walking distance of the Dos Lagos shopping center, where you can enjoy music events, high-end restaurants, and a movie theater. The area boasts a modern lifestyle with a school rating of 9/10 and a nearby golf club for recreational activities.
 2. This property offers impressive potential with an 8 to 18-month timeline for a 200%
cap rate.
 **APN 1:5.29 acres**
- Total of 43 units with a total square footage of 83,100 SF.
- Plus, 50 existing condos with a total square footage of 92130 SF.
- There are 93 units with a combined square footage totaling 175,230 SF.
- The average unit size is approximately 1,904.67 
Subdivision will be in 6 months, presale in 3 months, and 43 units will be completed in 6-8 months. The budget is $200k for each condo.
- The market price ranges from $400 to $450 per SF, with an estimated worth of $70
million.
- Of the 50 units already being built, they are fully occupied by tenants.
- The 43 units are finished with underground utilities for water, electricity, and gas in place.
 **APN 2:2.21acres**
- This land can accommodate the construction of 80 additional condos.
There are 36 one-bedroom units and 44 two-bedroom units, a total of 80 units. One-bedroom units are 608 square feet, and two-bedroom units are 928 square feet. total:62720SF,$400 to $450 per SF, with an estimated worth of $20-25 million.
3.:lien on the title: lawsuit withdrew agreement. 10M bank loan, 2M unsecured private Loan, lawsuit withdrew settlement 6M, default of bank loan and property tax need 1.5M as soon as possible;4 proposals: open to proposal1. 25M 12% rate for 2 years, clear title lender will be the first lien holder 
2. cash offer of 40M to buy the whole project 
3. 25M to get 70% joint partnership, need to lend $25k-1.5M to the owner in 10 days as deposit money to save the project with 45 das due diligence,60 days to close 
PROJECT TWO:600 singel families house development land ,RH zoning ,367 acres.
PROJECT THREE:80 units muti-family 5-8%CAP.
PROJECT FOUR:100 units student apartments development opportunities .
PROJECT FIVE:4 buildings for sell :The unit price is only $246-260 per square foot, which is lower than the construction cost!
The annual net income is $2.99 million, and the return rate is 7.5%. The seller is open to assume low-interest loans ,asking price $41 million.

Property Facts

Price $40,000,000
Price / SF $301.18 / SF
Cap Rate 25%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 132,811 SF
Total Land Area 3.71 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2786 Evans Ln, Corona, CA 92883 Multifamily 50 SF 2012 -
4261 Odyssey Dr, Corona, CA 92883 Multifamily 83,100 SF 2025 -
3437 Arlington Ave, Riverside, CA 92506 Retail 49,661 SF 2010 -
Show More > < Show Less
  • Listing ID: 34331300

  • Date on Market: 12/31/2024

  • Last Updated:

  • Address: Investors and developers opportunities!, Corona, CA

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