38 Bundy Canyon RdWildomar, CA 92595

Property Details for 38 Bundy Canyon Rd

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 38-acre parcel, located at 38 Bundy Canyon Rd, Wildomar, CA 92595 (APN 366-320-054), presents a remarkable opportunity for high-density residential development. The land, encompassing 1,656,586 square feet, is zoned for residential use and offers a compelling value proposition at $1.51 per square foot. Its strategic location less than one mile from the 15 Freeway ensures excellent accessibility. A May 2014 Wildomar City Council pre-application initiated a General Plan Amendment to designate the property for high-density residential use, suggesting a potential for approximately 280 units. This aligns with the city's ongoing infrastructure improvements, including the widening of Bundy Canyon Road to a four-lane thoroughfare connecting the 15 and 215 Freeways, addressing increasing traffic volume. The property's potential for significant returns makes it an attractive investment for developers seeking a prime location with a clear path towards high-density residential construction. This is a rare opportunity to capitalize on a well-positioned site with a history of positive engagement with the city's planning department. The asking price is $2,500,000.

Location Insight

City

Wildomar

County

Riverside

State

California

Latitude

33.6273

Longitude

-117.258

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