Single-Family

Opportunity Zone || Approved 44-lot SFR Site

626 N Ramona Boulevard, San Jacinto, CA 92583

Listing Price: $1,000,000

Lot Size
5.79 acres
Price/Acre
$172,712
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to offer for sale an entitled 44-unit detached single-family residential development project located in a great infill location on N. Ramona Blvd. in the city of San Jacinto. Tentative Tract Map #32153 was approved several years ago and has recently been extended until 2023. The site is located in the R-3 zoning district and totals ±5.79 acres of land with parcel numbers 434-110-023 & 024. This property is located on the southwest side of Ramona Blvd. just to the east of busy State Street and currently the property is vacant. The topography of the site is relatively flat with a slight gradient to the northwest. Vegetation on the site consists of seasonal weeds/grasses with a couple of mature trees and the surface of the site has been disced. The neighborhood surrounding the subject property is primarily residential in nature including single-family and multi-family developments. The center of the project wraps around the Hacienda Motel which also fronts on Ramona Blvd. The project is located within the Eastern Municipal Water District (EMWD) service area. Sanitary sewer for this project will be provided by the City of San Jacinto. A main sewer line runs along Ramona Blvd. with the assumption that the existing sewer has the capacity and depth to serve this site. In regard to habitat mitigation, it is not anticipated that habitat mitigation will be required for this site. This property is located in the San Jacinto Unified School District. San Jacinto High School is located on the north side of Ramona Blvd directly across from the subject property and both San Jacinto Elementary School and Monte Vista Middle School are located only a short walk south on Ramona Blvd. One other major advantage to this site is that it is located in a Qualified Opportunity Zone. Those developers looking to place exchange capital to build a residential project to hold for an extended period of time may be interested in this option. Residential development sites, especially those with existing entitlements, remain in high demand throughout most of Southern California. Access to freeways and other local amenities such as shopping centers, parks, schools and hospitals is always desirable. This site will provide a local builder with a great opportunity to build a 44-unit infill detached single-family development project in central San Jacinto.

Investment Highlights

  • Tentative Tract Map #32153 Approved for the Construction of 44 Detached SFRs
  • Property is Located in a Qualified Opportunity Zone
  • ±5.79 Acre Parcel of Flat Land with All Utilities to the Site

Exclusively Listed By

Single-Family

Opportunity Zone || Approved 44-lot SFR Site

Listing Price: $1,000,000

Lot Size
5.79 acres
Price/Acre
$172,712
Land Type
Land

Investment Highlights

  • Tentative Tract Map #32153 Approved for the Construction of 44 Detached SFRs
  • Property is Located in a Qualified Opportunity Zone
  • ±5.79 Acre Parcel of Flat Land with All Utilities to the Site

Investment Overview

Marcus & Millichap is pleased to offer for sale an entitled 44-unit detached single-family residential development project located in a great infill location on N. Ramona Blvd. in the city of San Jacinto. Tentative Tract Map #32153 was approved several years ago and has recently been extended until 2023. The site is located in the R-3 zoning district and totals ±5.79 acres of land with parcel numbers 434-110-023 & 024. This property is located on the southwest side of Ramona Blvd. just to the east of busy State Street and currently the property is vacant. The topography of the site is relatively flat with a slight gradient to the northwest. Vegetation on the site consists of seasonal weeds/grasses with a couple of mature trees and the surface of the site has been disced. The neighborhood surrounding the subject property is primarily residential in nature including single-family and multi-family developments. The center of the project wraps around the Hacienda Motel which also fronts on Ramona Blvd. The project is located within the Eastern Municipal Water District (EMWD) service area. Sanitary sewer for this project will be provided by the City of San Jacinto. A main sewer line runs along Ramona Blvd. with the assumption that the existing sewer has the capacity and depth to serve this site. In regard to habitat mitigation, it is not anticipated that habitat mitigation will be required for this site. This property is located in the San Jacinto Unified School District. San Jacinto High School is located on the north side of Ramona Blvd directly across from the subject property and both San Jacinto Elementary School and Monte Vista Middle School are located only a short walk south on Ramona Blvd. One other major advantage to this site is that it is located in a Qualified Opportunity Zone. Those developers looking to place exchange capital to build a residential project to hold for an extended period of time may be interested in this option. Residential development sites, especially those with existing entitlements, remain in high demand throughout most of Southern California. Access to freeways and other local amenities such as shopping centers, parks, schools and hospitals is always desirable. This site will provide a local builder with a great opportunity to build a 44-unit infill detached single-family development project in central San Jacinto.

Exclusively Listed By

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