Description for
21680 Covina Hills RoadSan Dimas, CA 91773
Huge rare 5.39 Acres gated property with gentle slope and $39,840 annual income from ATT cell site to be increased at 3-5% per year according to inflation rate. Zone S-F 20,000 (residential). Lot can be subdivided into custom residential lots with minimum 20,001 sq ft per lot. Upscale custom neighborhood nestled in a very secluded area with privacy and easy access to the freeway. It is in a very desirable area of San Dimas. This lot is perfect for investor who wants to purchase a land for long term appreciation with a steady income to pay for land expanses. It is currently operates as a plant nursery with a beautiful stream on the property. Property has electricity, gas and water line. It is within a close proximity to 10/60/57/71 freeways. There are several wireless companies that are making offers on the cell tower for close to half a million dollars. New owner can elect to sell the cell tower for concurrent escrow close if they only need the land for redevelopment. This proceed from the cell tower sale will bring down the total purchase price for the new owner.
Price
$3,980,000
Los Angeles
H12110621
Active
Description
Huge rare 5.39 Acres gated property with gentle slope and $39,840 annual income from ATT cell site to be increased at 3-5% per year according to inflation rate. Zone S-F 20,000 (residential). Lot can be subdivided into custom residential lots with minimum 20,001 sq ft per lot. Upscale custom neighborhood nestled in a very secluded area with privacy and easy access to the freeway. It is in a very desirable area of San Dimas. This lot is perfect for investor who wants to purchase a land for long term appreciation with a steady income to pay for land expanses. It is currently operates as a plant nursery with a beautiful stream on the property. Property has electricity, gas and water line. It is within a close proximity to 10/60/57/71 freeways. There are several wireless companies that are making offers on the cell tower for close to half a million dollars. New owner can elect to sell the cell tower for concurrent escrow close if they only need the land for redevelopment. This proceed from the cell tower sale will bring down the total purchase price for the new owner.
Listing Information
Property Type: Land
5.39 Acres
Neighborhood
Room Information
Exterior / Lot Features
Cul-De-Sac,Corner Lot
City, Mountain
Raw Land,Corner, Cul-De-Sac, Secluded
Driving Directions
From 10 Fwy and Via Verde, N on Via Verde, R on Covina Hill to end of the street with gate.
Financial Considerations
8448010021
Listing Price History
San Dimas Real Estate
San Dimas is located in California.
San Dimas, California 91773 has a population of
33,371.
The median household income in San Dimas, California 91773 is
$75,926.
The median household income for the surrounding county is $52,874
compared to the national median of $50,935.
The median age of people living in San Dimas 91773 is
42.5 years.
This information is gathered from public record data.
This information is gathered from public record data.