9669 Eighth Street, Rancho Cucamonga, CA 91730
sale
$2,499,900
|
Other
Courtesy Of Elevate Real Estate Agency dba Reliance Real Estate
* Mixed Use Development Opportunity * This property has a unique combination of features that make it highly desirable in the current market. Primary is the 5 free-standing, 2-bedroom residential homes with attached garages and fenced in back yards. One home has recently installed roof. Each home is leased at below-market rates, so there's upside potential. The huge 1.5 Acre lot premium is significant for future potential development and elevates the property's overall ceiling. This versatile space is zoned Mixed Use Center 1, which is suitable for Mixed Uses such as storage facility, church, Office and professional uses and other business opportunities. Above the ground floor commercial usses, City code allows for residential Townhomes "building heights up to 4 stories, compact and connected environment, medium intensity development." The strategic location offers easy access to major roadways, Metrolink station with direct rail link to Union Station in Downtown LA, rail hubs, premier shopping venues such as Victoria Gardens, lifestyle amenities such as Wineries and fine dining venues, the EpiCenter Stadium & Sports Complex, Toyota Arena & Events Center, nearby Ontario International Airport, all set amidst award-winning schools, colleges and trade schools. It's truly an incredible blend of suburban convenience, stunning mountain backdrops and top-tier amenities that translate directly into high tenant demand, premium rental rates and strong long-term property appreciation. The economic profile for 9669 Eighth Street is incredibly robust with a high potential to achieve a high Cap rate. The blend of high-earning professionals, the solid stability of the local healthcare and logistics industries makes this a high-demand area for savvy Mixed Use investors. Buyers are encouraged to conduct their own due diligence and verify all allowed uses, zoning and details related to the property prior to making any decisions.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- MLSID: CV26125123
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