BELOW REPLACEMENT COST!

88 FINISHED LOTS FOR LARGE TOWNHOUSES

SANTA CLARITA, CA

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LOCATION: The Valle di Oro gated community is in the excellent Santa Clarita, CA market. The property is located north of the Sierra Highway/Golden Valley intersection and west of Rainbow Glen Rd. Close to shopping and close-in to many employment areas, with quick and easy freeway access. TG 4551-E-5.
DESCRIPTION: The Court Appointed Receiver has directed the sale of the property consisting of 88 finished lots, designed for large, attractive townhouses; recorded Tract Map No. 53419 and a condominium plan (Instrument No. 2008-0699956). The site also has grading, major infrastructure and certain other improvements/landscaping installed. Buyer is to determine the remaining land improvements and unpaid fees. The site was once part of the larger Tract 48892, which extended south of Sierra Highway and previously required landslide mitigation/rebuilding efforts to stabilize portions of Sierra Highway.

7 townhouse floor plans were plotted in 6 Building Types, range in size from 1,851 to 2,750 SF, each with a 2 car attached garage (see attached Townhouse Product Description). 23 of the original 11 approved townhouses were previously built and sold at the south end of the project. In the weak 2009 housing market the townhouse sales reached an impressive $400,000 per unit.
PRICE: Asking $7,900,000; all cash.
COMMENTS: This is a unique investor/builder opportunity. The property can be acquired at below replacement cost, with quick market entry and revenue generation.
  • Submit offers, with proof of funds, at the earliest possible time.
  • Seller reserves the right to accept or reject and offer(s), at any time without notice.
  • Seller's formal Purchase and Sale Agreement provides less than 45 days from Escrow Opening to Closing, on an "As-Is," "Where-Is" basis.
  • Buyer must rely solely upon Buyer's independent investigations and due diligence.
NOTE: There is no combination for the gate; you need to wait for someone to enter/exit.
CONTACT: Larry Lynch (DRE 01180573) at (818) 787-3077 for additional information.

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KOREK LAND COMPANY, INC.

15230 Burbank Blvd., Suite 101, Sherman Oaks CA 91411

Telephone:  (818) 787-3077; Fax:  (818) 787-9677

E-mail:  mail@korekland.com

DRE 00861992