For Sale Multi-Family MLS# IV26199828

0 7th

Perris, CA 92570

$2,100,000

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About 0 7th

PRIME DOWNTOWN PERRIS DEVELOPMENT OPPORTUNITY! Three contiguous vacant parcels totaling approximately 3 acres, located near 7th Street & G Street and being sold together. Situated within the Downtown Perris Specific Plan – Urban Village district, offering excellent potential for high-density residential and mixed-use development. Urban Village development concepts include 3–5 story stacked flats, rowhouses, courtyard housing, live/work units, and mixed-use buildings with residential above ground-floor commercial uses. City planning documents indicate Urban Village zoning may accommodate densities up to approximately 35 dwelling units per acre, providing the potential for a significant multifamily development. Current preliminary estimates suggest 54+ units may be possible, subject to City approval and site design. City of Perris Flat, vacant land with street frontage and no existing structures offers a strong infill development opportunity in the heart of Perris. Conveniently located near Downtown Perris, shopping, restaurants, schools, Metrolink, major transportation corridors and freeway access. APNs 310-090-003, 310-090-004 & 310-090-005. All three parcels are being sold together for $2,100,000. No development plans or entitlements are currently in place. Buyer and buyer's agent to independently verify zoning, acreage, allowable density, unit count, permitted uses, utilities, development standards and all development potential with the City of Perris and appropriate agencies.

Property details

Property

Type
Multi Family
MLS type
Multi Family Home
Status
Active
Living area
900 sqft
Price / sqft
$2,333
Lot
3.0
Original price
$2,100,000
MLS #
IV26199828

Exterior & lot

Lot
310090003

Schools

District
Perris Union High School District

Utilities

Utilities
Water Not Available

Financial

Parcel
310090003
Special conditions
Standard

Location

Area
SRCAR - Southwest Riverside County
County
Riverside
Neighborhood
Downtown Perris
Directions
Corner of 7th Street & G Street, Perris

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Listed by GREGG HOLT, North South Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.