Matthew Wenzel

Riverside CA Land Lot for Sale

The subject property is a 0.85 acre infill residential development site located on the north side of Gould Street two parcels to the west of Tyler Steet in the La Sierra Acres community of Riverside, California. The property is zoned R-3-1500 residential which allows for up to 29 dwelling units per acre. The General Plan Land Use designation for this site is High Density Residential which provides for the development of row houses, condominiums and apartments, senior housing and multifamily clusters. The HDR designation allows a maximum of 29 dwelling units per acre which would mean that that a developer could theoretically build 24 units on this site by-right. This site is located on the northern side of Gould Street just to the west of Tyler Street. The neighborhood along Gould Street is primarily residential in nature and is composed of single-family residences, duplexes, fourplexes and small multi-family apartment buildings. The north side of the subject property abuts a Stater Bros grocery center. The site is generally flat and rectangular in shape with 140 of frontage along Gould Street with a depth of 267. This is an infill site and all utilities are available in Gould Street. Additionally, this site is in the Alvord Unified School District with elementary, middle

Hawaiian Gardens CA Land Lot for Sale

** PRICE REDUCED - LONG TERM DEVELOPMENT POTENTIAL WITH BELOW MARKET IN-PLACE INCOME The subject property is a 25,182 SF parcel of land located at 12347 Carson St. in the city of Hawaiian Gardens. This parcel has been recently split off from the property directly to the south which has been developed into an Enterprise Rental Car location. Because of this, the street address for the subject property is on Carson Street even though the site actually fronts Claretta Ave. one parcel to the north of Carson Street. The site is currently leased out on month-to-month basis to a Manufactured Housing construction business who has occupied the property since 2012. This tenant currently pays $3,600 monthly on a gross lease. Please do not disturb the tenant as they do not know the property is for sale. Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. Although the site is currently commercially zoned, it is important to note that the city has included this site as an Opportunity Site in the Draft Housing Element and have identified a potential zoning classification of Mixed-Use which would allow for up to 40 residential dwelling units per acre. The subject property is located on the eastern side of Hawaiian Gardens and sits right on t

Orange CA Land Lot for Sale

The subject property is a 1.0 acre industrial yard located just east of Main Street and north of Collins Ave. in the city of Orange. Zoning on this site is M-2 Industrial Manufacturing. The M-2 district is intended to provide for the continuation and development of heavy manufacturing industries in locations where they are compatible with and will not adversely impact adjacent land uses. Sample M-2 uses include contractors yards, auto related uses, production/wholesale uses and storage uses. This site has no major street frontage although access is provided both from Collins Ave (from the south) and from Enterprise Street (from the east). Currently the site is occupied by five separate tenants who are all on shorter term leases. Average industrial rents in Orange County are among the highest of all major markets in the US and demand for industrial land continues to be strong in light of the low vacancy environment.

Corona CA Land Lot for Sale

The subject property is a prime 2.7 acre development site located at 1508 Taber Street in the city of Corona. Currently operating as the Sunshine Growers Nursery this tenant is prepared to vacate the premises upon or shortly following a successful close of escrow. Composed of two adjacent parcels of land this site benefits from truly outstanding visibility along a very busy stretch of the I-15 freeway. Zoning for this property is C-2 Restricted Commercial and the General Plan Land Use designation is CG General Commercial. General Commercial allows for a FAR of 0.5, setbacks are generally 10' and the height limitations are 3 stories with a maximum of 40'. Immediate neighbors include the Canyon Community Church of the Nazarene to the west, the Church of Latter-Day Saints to the southeast, and the 135-unit Estancia del Sol senior living community to the southwest. This site is bordered to the north by a larger retail center with tenants that include Dennys, In-n-Out Burger, LA Fitness, Walmart, Albertsons, CVS, Home Depot and Sams Club. One of the primary benefits of this location is the excellent exposure provided along the I-15 freeway that has a daily car count of approximately 165,000 vehicles. The frontage of this site along Taber Street is approximately 422' and the site is

San Jacinto CA Land Lot for Sale

The subject property is a fully entitled 44-unit detached single-family residential development project located in a great infill location on N. Ramona Blvd. in the city of San Jacinto. Tentative Tract Map #32153 was approved several years ago and has recently been extended until 2023. The site is located in the R-3 zoning district and totals 5.79 acres of land.This property is located on the southwest side of Ramona Blvd. just to the east of busy State St. The topography of the site is relatively flat. The neighborhood surrounding the property is primarily residential in nature. The center of the project wraps around the Hacienda Motel which also fronts on Ramona Blvd.The project is located within the Eastern Municipal Water District service area. Sanitary sewer for this project will be provided by the City of San Jacinto. A main sewer line runs along Ramona Blvd. with the assumption that the existing sewer has the capacity and depth to serve this site. This property is located in the San Jacinto Unified School District.One other major advantage to this site is that it is located in a Qualified Opportunity Zone. Those developers looking to place exchange capital to build a residential project to hold for an extended period of time may be interested in this option.

Fullerton CA Residential Income for Sale

The subject property is a beautiful newly constructed 7-unit townhouse style apartment building located at 3801 Franklin Avenue in the city of Fullerton. Completed in 2020, this property is composed of a single three-story structure with approximately 12,150 square feet of rentable space sitting on a parcel of approximately 16,439 square feet.The units at this property are significantly larger than other for-rent units typically found in the market and are perfectly positioned for multi-generational families and work-from-home roommate environments. Six of the units are large 5-bedroom, 3.75 bath units of 1,750 SF and the one remaining unit is a 4-bedroom, 3 bath unit of 1,650 SF. The 4-bedroom unit has been designated as an affordable housing unit. Lease up for this property started in October of 2020 and the building was fully rented by December of 2020.For-rent townhomes of this size and bedroom count are extremely hard if not impossible to find in central Orange County, especially in newly constructed buildings. As such, these units fill a unique niche in the market that could certainly be advantageous for a new owner as families and groups of renters consolidate in the coming years. The demand for multi-generational housing accommodations has vaulted in popularity and these large units certainly help fill this need.Each unit in this building benefits from an attached two-car garage with immediate access to the living space. There are four additional surface parking spaces for guests and overflow parking. All units have two private balconies, a fenced in private patio area, central heating and air conditioning and an open kitchen layout with a large kitchen island. Washer/dryer hookups are provided in a full laundry room on the third floor of each unit and the bedroom and bathroom on the first floor of each unit is ADA compliant. Additionally, to the rear of the property is a small playground area for children. Tenants are responsible for their own electricity and gas bills and they are billed separately by sub-metering company Minol for water, sewer and trash.The neighborhood surrounding the subject property is residential in nature and is composed primarily of well-maintained single-family homes and small apartment buildings. The property is located only blocks to the north of the I-5 and 91 freeway interchange and access to these important arterials is excellent.

Canyon Lake CA Land Lot for Sale

The subject property is a 35-acre mixed-use/multi-family residential development opportunity located in the extremely desirable city of Canyon Lake. Canyon Lake is a gated community in Riverside County that was incorporated in 1990 and built around the beautiful Canyon Lake Reservoir.The subject property is located in the southwestern portion of the City of Canyon Lake between the Canyon Lake Golf Club and the Railroad Canyon Dam. Topography for the site is sloping from north to south with some change in elevation meaning that future development of this site will require cut and fill grading.Zoning on this property is Mixed-Use/Village Overlay (VO) and the General Plan Land Use designation is Mixed-Use. The Village Overlay Zone allows for up to 10 acres of this site to be developed at a residential density of 20-24 dwelling units per acre (the remainder of the site could have other uses). This property is very unique is that it is the only site in Canyon Lake with this advantageous zoning and it is the only site that will allow for the development of multi-family housing in all of Canyon Lake.Primary access to the site will be on the southern boundary where a road will need to be put in to provide access to Railroad Canyon Road which is the major east/west arterial running between the I-15 and I-215 freeways in this area. Secondary access to the property will be on the north end of the site from Sparkle Drive to the future Pearl Point Court roadway. There is a 60-foot easement for road purposes from the end of Sparkle Drive to Pearl Point Court.It is important to note that this site is located outside the gated portion of Canyon Lake and is not subject to the CC&Rs of the Canyon Lake Property Owners Association (POA). This means that this site does not currently have any access to city amenities and any possible future access will need to be negotiated with the City of Canyon Lake POA.One of the primary benefits of this property is that this is the only mixed-use/multi-family development site remaining in Canyon Lake. The city is nearly completely built-out and there is no additional land on which to build multi-family residential units.

Montebello CA Residential Income for Sale

The subject property is a newly constructed 15-unit townhouse style apartment building located at 1029 S. Montebello Blvd. in the city of Montebello. Completed in 2021, this property is composed of 3 three-story structures with approximately 26,250 SF of rentable space sitting on a parcel of approximately 22,678 SF. A condominium map has been filed for this property and the map will be recorded prior to close of escrow.The units at this property are significantly larger than other for-rent units typically found in the market and are perfectly positioned for multi-generational families and work-from-home roommate environments. All fifteen units are large 5br, 3.75ba three-story townhome units of approximately 1,750 square feet with attached two-car garages. For-rent townhomes of this size and bedroom count are extremely hard if not impossible to find in the Montebello market, especially in newly constructed buildings. As such, these units fill a unique niche in the market that could certainly be advantageous for a new owner as families and groups of renters consolidate in the coming years. The demand for multi-generational housing accommodations has vaulted in popularity and these large townhome units certainly help fill this need.In terms of amenities, each unit in this building benefits from an attached two-car garage with immediate access to the living space. There are five additional uncovered surface parking spaces for guests and overflow parking. All units have a private balcony, central heating and air conditioning and an open kitchen layout with a large kitchen island. Washer/dryer hookups are provided in a full laundry room on the third floor of each unit and the bedroom and bathroom on the first floor of each unit is ADA compliant. Tenants are responsible for their own electricity and gas bills and they are billed separately by sub-metering company Minol for water, sewer and trash.The neighborhood surrounding the subject property is residential in nature and is composed primarily of well-maintained single-family homes and small apartment buildings. The property is located in south Montebello and is located a short distance north of the I-5 freeway and access to this important arterial is excellent. This property offers a rare opportunity for an investor to purchase a newly constructed 15-unit apartment building with a condominium map in place that benefits from a unit mix that is unique to the market.

Montebello CA Land Lot for Sale

The subject property is a 1.52 acre parcel of land located directly adjacent to Beverly Hospital in the central Los Angeles city of Montebello. This site is extremely well located in that it is only 8 miles southeast of downtown Los Angeles and at the same time very accessible from Orange County this would allow a potential medical user the ability to draw patients from both areas if a unique medical service were to be offered.Rectangular and flat, this site is perfectly positioned for any use that would be complementary to the Beverly Hospital, including uses such as an extension to the existing hospital, any medical office use, senior or assisted living facilities or a number of other potential medical uses. A previous structure had been built on the site (structure has been demolished) and as a result all utilities are already located on site.Primary access is located off of Beverly Blvd. and the property benefits from frontage on Beverly Blvd. of approximately 227'. Daily traffic counts on Beverly Blvd. are approximately 30,000 VPD.Zoning on the site is C-2 General Commercial and the General Plan Land Use designation is Boulevard Commercial. C-2 allows for a wide range of commercial and office uses and boasts a Floor-Area-Ratio (FAR) allowing a new structure of up to 3:1. What this means is that a developer could theoretically build a new building on the property of approximately 198,000 square feet in size.Development opportunities in such close proximity to major hospitals in Los Angeles are very rare and desirable assets and this parcel of land will be of great interest to a wide range of potential developers.

Hawaiian Gardens CA Land Lot for Sale

The subject property is a 25,182 square foot parcel of land located at 12347 Carson St. in the city of Hawaiian Gardens. The street address for the subject property is on Carson Street even though the property actually fronts Claretta Ave. one parcel to the north of Carson St. The property is surrounded by retail to the south, multi-family to the west and lower density residential to the north. The site is currently leased out on month-to-month basis as a storage yard (please do not disturb the tenant as they do not know the property is for sale). Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. Hawaiian Gardens is approximately 99% built out and like most of infill Los Angeles County the development market in this city is extremely supply-restricted.

Riverside CA Land for Sale

The subject property is a 0.85 acre infill residential development site located on the north side of Gould Street two parcels to the west of Tyler Steet in the La Sierra Acres community of Riverside, California. The property is zoned R-3-1500 residential which allows for up to 29 dwelling units per acre. The General Plan Land Use designation for this site is High Density Residential which provides for the development of row houses, condominiums and apartments, senior housing and multifamily clusters. The HDR designation allows a maximum of 29 dwelling units per acre which would mean that that a developer could theoretically build 24 units on this site by-right. This site is located on the northern side of Gould Street just to the west of Tyler Street. The neighborhood along Gould Street is primarily residential in nature and is composed of single-family residences, duplexes, fourplexes and small multi-family apartment buildings. The north side of the subject property abuts a Stater Bros grocery center. The site is generally flat and rectangular in shape with 140 of frontage along Gould Street with a depth of 267. This is an infill site and all utilities are available in Gould Street. Additionally, this site is in the Alvord Unified School District with elementary, middle and high schools all in close proximity. Riverside is similar to the majority of Southern California in that residential development, in general, is in high demand and the market for new residential development sites is greatly supply restricted. With the opportunity to build 24 units on this site by-right, the property has been priced at only $20,625 per buildable unit.