Description
24.3 acres of land in the newly annexed area in the very north part of the City. Now in the city of Rancho Cucamonga. Beautiful views from this premier, irreplaceable, location. The property is zoned very low density residential yielding possible 8 lots. With the property come the transfer development rights. (TDR) This system is still be defined exactly by the city, but it basically gives the holder of the TRD's, the right to increase the density (by the amount of units that was lost to a down zone) on a 24.3 acres of land in the newly annexed area in the very north part of the City. Now in the city of Rancho Cucamonga. Beautiful views from this premier, irreplaceable, location. The property is zoned very low density residential yielding possible 8 lots. With the property come the transfer development rights. (TDR) This system is still be defined exactly by the city, but it basically gives the holder of the TRD's, the right to increase the density (by the amount of units that was lost to a down zone) on another property. So potentially a property owner who owns mitigation land or other low density land could use these TDR's to increase the number of units. The City plays a role in determining where, so they will be an integral part of the process. Agents may be not paid on the TDR value
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0BEDS
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24.3ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
24.3 acres of land in the newly annexed area in the very north part of the City. Now in the city of Rancho Cucamonga. Beautiful views from this premier, irreplaceable, location. The property is zoned very low density residential yielding possible 8 lots. With the property come the transfer development rights. (TDR) This system is still be defined exactly by the city, but it basically gives the holder of the TRD's, the right to increase the density (by the amount of units that was lost to a down zone) on a 24.3 acres of land in the newly annexed area in the very north part of the City. Now in the city of Rancho Cucamonga. Beautiful views from this premier, irreplaceable, location. The property is zoned very low density residential yielding possible 8 lots. With the property come the transfer development rights. (TDR) This system is still be defined exactly by the city, but it basically gives the holder of the TRD's, the right to increase the density (by the amount of units that was lost to a down zone) on another property. So potentially a property owner who owns mitigation land or other low density land could use these TDR's to increase the number of units. The City plays a role in determining where, so they will be an integral part of the process. Agents may be not paid on the TDR value
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Listing provided courtesy of Daum Commercial Re Services.
Listing information © 2022 San Diego MLS Inc.
Source: CRMLS