$45,000
●
Land -
Off Market
1642 Bille
Paradise, CA 95969
Studio
0 Bath
$246
Est. Monthly
About This Property
Prime Development Opportunity in the Heart of Paradise
An exceptional opportunity awaits with this 1.18-acre building lot offering outstanding development potential. Previously comprised of three separate addresses, the seller has already taken proactive steps by investigating with the Town of Paradise regarding the possibility of constructing a new duplex in addition to a single-family home-making this a rare find for builders, investors, or those looking to maximize future value.
The property features an active multifamily water account with Paradise Irrigation District, a significant advantage that can help streamline future development plans. A parcel survey and topographical survey are already on file, providing valuable groundwork for planning and design.
Ideally located near amenities, services, and shopping, this parcel combines size, utility access, and location-three key ingredients for a successful project. Buyers are encouraged to verify with the Town of Paradise that the property's development potential aligns with their specific plans and intended use.
A standout offering with groundwork already in motion-bring your vision and explore the possibilities.
An exceptional opportunity awaits with this 1.18-acre building lot offering outstanding development potential. Previously comprised of three separate addresses, the seller has already taken proactive steps by investigating with the Town of Paradise regarding the possibility of constructing a new duplex in addition to a single-family home-making this a rare find for builders, investors, or those looking to maximize future value.
The property features an active multifamily water account with Paradise Irrigation District, a significant advantage that can help streamline future development plans. A parcel survey and topographical survey are already on file, providing valuable groundwork for planning and design.
Ideally located near amenities, services, and shopping, this parcel combines size, utility access, and location-three key ingredients for a successful project. Buyers are encouraged to verify with the Town of Paradise that the property's development potential aligns with their specific plans and intended use.
A standout offering with groundwork already in motion-bring your vision and explore the possibilities.
Unit Size
-
Days on Market
159 days
Land Size
1.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1948
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #SN26016203)
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Paradise
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Listed by: Chari Bullock, American Homes and Land
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SN26016203
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SN26016203
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