Sold for $475,000 on 03/30/23
Listing Provided by:
Matthew Wenzel DRE #01198357 562-257-1200,
Marcus & Millichap
Bought with: Marcus & Millichap
$475,000
0 Wells Ave #9, Riverside, CA 92503
--beds
--baths
1.34Acres
Unimproved Land
Built in ----
1.34 Acres Lot
$-- Zestimate®
$--/sqft
$2,040 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,040/mo
Zestimate® history
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What's special
The subject property is a ± 1.34 acre residential development site located on Wells Road in the Arlanza community of Riverside, California. The site is generally flat and rectangular in shape with 175’ of frontage along Wells Road.
The property is zoned R-1-7000 residential which allows for up to 6.2 dwelling units per acre. The General Plan Land Use designation for this site is Medium Density Residential. The Medium Density Residential designation provides for the development of single-family homes, townhomes and row houses. This designation allows a maximum of 6.2 dwelling units per acre, or up to 8.0 dwelling units per acre when associated with a Planned Residential Development (PRD) permit. With a density of 6.2 du/acre, this site would support a project of 8 lots, with a density of 8 du/acre the project could be up to 10 lots.
This site is located on the southern side of Wells Avenue, one parcel to the east of busy Tyler Street. The neighbor to the immediate west is the Tyler Plaza retail center and the neighbors directly across Wells Road include a church and a Montessori school. The majority of the remaining neighborhood surrounding the site is residential in nature.
Zillow last checked: 8 hours ago
Listing updated: March 30, 2023 at 01:05pm
Listing Provided by:
Matthew Wenzel DRE #01198357 562-257-1200,
Marcus & Millichap
Bought with:
Matthew Wenzel, DRE #01198357
Marcus & Millichap
Source: CRMLS,MLS#: PW22238947
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 1.34 Acres
- Features: 6-10 Units/Acre, Lot Over 40000 Sqft, Value In Land
Details
- Parcel number: 147252038
- Zoning: R-1-7000
- Special conditions: Standard
Utilities & green energy
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Street Lights, Sidewalks
Location
- Region: Riverside
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2023 | Sold | $475,000-20.8% |
Source: | ||
| 1/30/2023 | Pending sale | $600,000 |
Source: | ||
| 11/9/2022 | Listed for sale | $600,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: Arlanza
Nearby schools
GreatSchools rating
- 7/10Myra Linn Elementary SchoolGrades: K-5Distance: 0.6 mi
- 2/10Wells Middle SchoolGrades: 6-8Distance: 0.3 mi
- 5/10La Sierra High SchoolGrades: 9-12Distance: 1.4 mi
