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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#: PW22238947MLS LogoOriginating 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

    DateEventPrice
    3/30/2023Sold$475,000-20.8%
    Source: CRMLS #PW22238947
    1/30/2023Pending sale$600,000
    Source: CRMLS #PW22238947
    11/9/2022Listed for sale$600,000
    Source: CRMLS #PW22238947

    Public tax history

    Tax history is unavailable.

    Neighborhood: Arlanza

    Nearby schools

    GreatSchools rating