For Sale
$33,419,100

6601 RdTeviston, CA 93219

20.5 Acres, 1,558 Units Possible

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 20.5-acre property in Earlimart, California, presents a unique opportunity for high-density multifamily development. Zoned R-3, it's approved for up to 1,558 units at a density of 76 units per acre. Located at 6601 Rd 136, Earlimart, CA 93219 (APN 316-180-011), this land is situated within an economic opportunity zone, offering significant investment advantages. The property has undergone a comprehensive 12-year entitlement and re-zoning process, culminating in its inclusion in Tulare County's official community development plan. Extensive environmental impact reports (EIR) and other state-mandated requirements have already been completed, streamlining the development process. Tulare County's Planning and Building Departments actively support this project. The asking price is $33,419,100, or approximately $21,450 per projected unit. Seller financing is available, making this an attractive investment opportunity. This property offers a significant advantage with its pre-approved zoning and completed environmental studies, reducing development timelines and costs. The supportive local government further enhances the project's viability.

Highlights

  • 20.5-acre R-3 zoned multifamily development site in Earlimart, CA, approved for 1,558 units (76 units/acre).
  • Located at 6601 Rd 136, Earlimart, CA 93219 (APN 316-180-011), within an Opportunity Zone.
  • Fully entitled and rezoned, with completed EIR and all state-mandated studies.
  • Strong local government support.
  • $33,419,100 asking price ($21,450/projected unit); seller financing available.

Property Details for 6601 Rd

Property type
Land, Farms

Location Insight

City
Teviston
County
Tulare
State
California
Latitude
35.908806
Longitude
-119.2688154
6601 Rd, Teviston, California

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6601 Rd
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