Sunrise Ranch
6770-6798 Limonite Frontage Rd,
Jurupa Valley, CA 92509
Rare 8.56-Acre Jurupa Valley Compound with 3 Homes + Development Upside
$4,500,000
Price
MDR /LDR
Zoning Type
372,874
Land SF
8.56
Land Acres
$4,500,000
Price
MDR /LDR
Zoning Type
372,874
Land SF
8.56
Land Acres
OVERVIEW
Six adjacent lots totaling 8.56 acres in Jurupa Valley located close to Jurupa Valley Country Club.
The subject property has 3 Dwelling Units. 1) 3,283 sf, 3 bedroom, 2 bathroom SFR with well kept grounds, horseshoe driveway, full wrought iron fence and in ground pool. Built in 1957 2) 2,772 sf. 5 bedroom, 2 bathroom, Manufactured Home on permanent foundation (built 2012), accessed from a driveway separate from the main house. 3) 1,392 sf, 3 bedroom, 2 bathroom, Manufactured Home on permanent foundation, accessed from a driveway separate from the main house. There is also a barn and room for horse corral, garden, or event area.
POTENTIAL DEVELOPMENT
There is a total of six parcels. Five of the six parcels (6.35 acres) is zoned MDR allowing for a density of (5 DU/AC) and one parcel (2.21 acres) is zoned LDR allowing for (2 DU/AC). This yields approximately 34 homes for development. These amounts need to be confirmed, as RC Hobbs next door only built 31 lots on 19.36 acres.
The adjacent property developed by RC Hobbs, (Countryside Estates) homes are on the market for $1M - $1.2M depending on the model. In 2022 they filed for a General Plan Amendment (from EDR/Ranch to LDR) and a 31-lot single-family subdivision (roughly 1.6 DU/acre).
PRICING & OFFER STRATEDY
Price as a unique assemblage (land + improvements), not purely on residual land value.
Target recovery centers looking to buy or lease.
MARKETING CHANNELS & TACTICS
Direct outreach to active local and regional homebuilders. As well as people looing for a home and rental income properties. So a combination of the MLS and LoopNet folks.
Confidential packages to assisted living developers and recovery center groups for lease and sale. Also, contact private investor network and Lee & Associates office contacts.
RC Hobbs Sale Comp
(Adjacent property) 6550 Limonite Avenue, Jurupa Valley, approximately 19.4-acre property. $2,081,500, recorded June 4, 2024. That equals roughly $107,000 per acre.
Jurupa Valley: The property is located in Jurupa Valley, a city in Riverside County, California. Jurupa Valley is known for its agricultural roots and proximity to major transportation corridors such as Interstate 15 and State Route 60.
Commercial Hub: The surrounding area is a commercial hub with various retail stores, restaurants, and businesses nearby. Examples include Walmart Supercenter, Target, and Home Depot, which attract a steady flow of customers.
Residential Neighborhoods: The property is situated near several residential neighborhoods, providing a potential customer base for businesses looking to cater to local residents. Examples of nearby neighborhoods include Indian Hills and Sunnyslope.
Traffic Flow: The property benefits from high traffic flow along Limonite Frontage Road, making it a desirable location for businesses seeking visibility and exposure to passing vehicles. The area experiences steady traffic throughout the day.
Development Opportunities: Jurupa Valley is experiencing growth and development, presenting potential opportunities for businesses to expand or invest in the area. The property's location in a developing city can be advantageous for long-term investment strategies.
FOR MORE DETAILS CONTACT
John Gessford
Senior Vice President | Principal
(949) 278-6645
jgessford@lee-associates.com
01137479
Charlie Winn
Senior Vice President/Principal
(714) 271-2963
cwinn@lee-associates.com
01151176
Copyright ©
CREOP
, LLC. All Rights Reserved.