EXCLUSIVE OFF MARKET Anaheim Hills Development Opportunity!
Behold, a RARE opportunity to build your dream abode on a 0.
54 acre lot (23,522sf) located at the TOP of Anaheim Hills featuring mesmerizing views! The elegance of this location is equivalent to new build comps that sold north of an impressive $5M!
COMPS: We've got not one, but two magnificent comps for your consideration.
The first property, though inferior by all means and located at a lower elevation, still managed to bag a lucrative $3.
25M deal.
As for the second comp that fetched an astounding $5M, it bears likeness to our property in terms of lot, yet ours sits higher up the hill! PROPERTY PERKS: The massive USP of our property is that it sits on a NEARLY FLAT LOT accompanied by breath-taking views.
Our property definitely outranks the $5M comp property that is encumbered by a huge retaining wall, in terms of lot positioning and grade.
REHAB: Get ready to plunge into a pristine new build opportunity! Given an estimate of around $250/sf for building, the estimated construction costs would come up to around $1.
375M, even if you round off the number of sf to plan for a new home.
The total investment would therefore round up to $2,379,850, inclusive of $990K, 1.
5% closing costs of $14,850 and the aforementioned construction costs.
POTENTIAL RETURNS:
With a reselling rate anticipated to be at least $4.
5M, considering our property's advantageous positioning and characteristics, you could potentially surpass the $5M comp! Having gone on a conservative estimate of $4.
5M, you still stand a chance to enjoy a prodigious spread of approximately $2M+ in profits and holding costs! HIGHLIGHTS:
- OFF MARKET property - Located in the orange county - Anaheim Hills! - Unparalleled opportunity to bump into a RARE development opportunity - Nearly FLAT LOT! - Stands at the TOP of the hill, offering splendid views!
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