Multifamily Property for Sale in Cherry Valley, CA

  • Price: $3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Cherry Valley, CA 92223
  • Size: 7,640 SF
  • Year built: 1966

Description

Welcome to this +/- 6.588 acres gated R2 zoned piece of heaven, nestled in Cherry Valley’s serene foothills for peaceful tranquility. Conveniently adjacent to Beaumont surrounded by golf courses, lakes, Bogart Regional Park. The convenience of nearby shopping centers and retail chains such as Walmart, Best Buys, Home Depot, Petsmart, and supermarkets adds significant value for potential residents, making the property an enticing choice for residential development or investment purposes. The owner is working with the county to possibly add 30 mobile homes, potentially as six packs, enhancing its value and versatility to meet the demands of the community. The +/- 7640 square feet facility holds a Conditional Use Permit (CUP) for a 30-bed Residential Care Facility For The Elderly, but this extends further. Buyers are encouraged to explore additional developments like condominiums or a mobile home park on the excess acreage, maximizing its value. The land’s three levels offer stunning views and customizable development options. Don’t miss this rare opportunity to create your haven in Southern California’s Foothill. Value add for the savvy investor. License your Residential Care For the Elderly than build 30 senior mobile homes on the excess acreage or build condomimiums and use the existing building as the clubhouse. Building SF: 7640 | Land Size: 6.59 Ac | Year Built: 1966 | Listing Type: FOR SALE

Market Context

This multifamily in Cherry Valley, CA is listed for sale at $2,950,000 across 7,640 SF. The building dates to 1966. It has been on the market for 23 days. Compare it against other multifamily listings for sale in Cherry Valley, CA — <a href="/search/sale/multifamily/california/cherry-valley">view the full market</a>.

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