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Cresta Verde 33.85 Acres of Residential Land in Chino Hills, CA 91709
EXECUTIVE SUMMARY
Please contact brokers listed in offering memorandum (Sal Provenza or Curt Crandall).
WD Land is pleased to present a luxury single family subdivision adjacent to Western Hills Country Club, a private club with a restaurant/grill, pool and 18-hole championship course designed by Harry and David Rainville. Located in a naturally private and peaceful setting nestled into the hills of Chino Hills, this 34-acre site is planned for a 49-lot community. This site is in a highly-desirable, supply constrained submarket served by a prestigious school district that attracts local buyers as well as affluent buyers from Los Angeles and Orange Counties. The project was previously approved with a 28-lot subdivision. While new approvals will require additional environmental impact analysis, discussions with the city indicate support for a 49-lot project using a similar land area and circulation. The owners have provided a conceptual layout to illustrate how to achieve this new design. As planned, the lots provide views of the surrounding hills and natural terrain that will garner valuable lot premiums. The owner is seeking a qualified buyer to secure the land use approvals from the city and close upon receipt of a tentative tract map which is currently estimated to take approximately 18 months.
WD Land is pleased to present a luxury single family subdivision adjacent to Western Hills Country Club, a private club with a restaurant/grill, pool and 18-hole championship course designed by Harry and David Rainville. Located in a naturally private and peaceful setting nestled into the hills of Chino Hills, this 34-acre site is planned for a 49-lot community. This site is in a highly-desirable, supply constrained submarket served by a prestigious school district that attracts local buyers as well as affluent buyers from Los Angeles and Orange Counties. The project was previously approved with a 28-lot subdivision. While new approvals will require additional environmental impact analysis, discussions with the city indicate support for a 49-lot project using a similar land area and circulation. The owners have provided a conceptual layout to illustrate how to achieve this new design. As planned, the lots provide views of the surrounding hills and natural terrain that will garner valuable lot premiums. The owner is seeking a qualified buyer to secure the land use approvals from the city and close upon receipt of a tentative tract map which is currently estimated to take approximately 18 months.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Single Family Development |
| Property Type | Land | Total Lot Size | 33.85 AC |
| Zoning | PD16-157 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 33.85 AC |
| Zoning | PD16-157 |
1 LOT AVAILABLE
Lot
| Lot Size | 33.85 AC |
| Lot Size | 33.85 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $2,064,175 CAD | Total Assessment | $2,064,175 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,064,175 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,064,175 CAD
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Cresta Verde
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