$12,000,000
For Sale

1992 N Warren Rd

San Jacinto, CA 92582
90.03 acres | #240004925SD
Listing OfficeSan Diego Sunrise Realty
Browse 2 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Investor alert: Land is legally permitted to grow cannabis or potential to build 1260-1980 houses. This 90.03 acres, and 3,921,707 sq ft land located in the growing suburb of San Jacinto, Riverside, California. land also consists of 3 bedrooms, 1 bathroom, a total of 1026 sq ft of living space, all of which was built in 1966. House has central heating and cooling and 2 carport parking spaces. Roof is made of gravel and rock. There is also a well in place. The land has a partial fence and a gate with lock. According to City of San Jacinto planning department: "Land is legally permitted to grow cannabis. The outdoor cannabis cultivation-North of cottonwood Ave and west of Sanderson Ave is the area, and the zoning for this parcel is within the area. The current zoning is residential low density (2.1-5du/acre) and residential medium density (5.1-10 de/acre). However, our general plan 2040 which hasn't been adopted is rezoning that area to be high-density residential (HDR). HDR has a density of 14-22 dwelling units per acre. APN#425-220-011 is 90.03 acres so approximately 1260-1980 units. Just as FYI, that parcel is within the multi-species habitat conservation plan. So there are some environmental constraints."

  • Property Details
      • Original List Price$10,000,000
      • MLS #240004925SD
      • MLS #240004925SD
      • CountyRiverside
      • Property TypePurchase
      • Cost12000000
      • Lot DescriptionLevel
      • Acres90.03
      • Property SubtypeLand

Location

Bob OesterleinReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

%
2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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