La Bella Vita, Residential Lot Development Opportunity. Sixteen hillside estate lots in the heart of Temecula's Wine Country. La Bella Vita residential lots are one of the most desirable locations in Southern California to build custom or semi–custom homes. Ideal for developer investor to complete infrastructure, utilities, grading and roads to make ready to sell custom estate lots and or develop custom homes.
Map Recording
September 29, 2022
Terms
Seller can carry a first Trust Deed
Subordination to construction loan is negotiable with Buyer's excellent credit
Portfolio demonstrating ability to consistently perform in the housing market
Proven track record conforming to construction lending terms
Development Highlights
Average lot size is approximately two acres
Tentative map was approved in 2011, prior to the ten-acre minimum lot size restriction
Smaller acre lots appeal to home buyers who want to enjoy the wine country lifestyle in a new home, but don’t want to maintain a larger 5 to 10-acre ranch
Conditions to complete the Map Recordation are in process. Map is estimated to be approved by Riverside County Board of Supervisors and record in the first quarter 2022
Consistency Zone Change is complete
Army Corps has declined Jurisdiction
CDFW and Regional board grading permits are secured
Principals are now accepting offers contingent on accepting offers contingent on the recordation of a final map
Principles can make decisions quickly and will help with due diligence and sales process to avoid delays in communication
