Jung Lyu Real Estate
Listed by Jung Lyu Real Estate
$895,000
0 Primrose Ave
Details
APN 3057131330000
Property Type Land
Sub Type Apartment
Price Per Acre $392,544
Acreage 2.280
Land | 2.28 acres
Marketing description
Prime development opportunity 36-unit apartment project with civil plans approved and building permits in final plan check. Rare chance to acquire a nearly shovel-ready multifamily site with significant progress completed, allowing a developer to bypass much of the typical 1218 month entitlement and approval process. Project includes approved plans for a 36-unit apartment complex with 81 parking spaces (approx. 2.25 spaces per unit), along with completed architectural, structural, and engineering work. Civil drawings have been approved, and building permits are in the final stages of review and nearing issuance, substantially reducing development timeline, risk, and carrying costs. Utilities and infrastructure approvals are in place, positioning the project for a streamlined path to construction. Ideal for developers seeking a high-upside opportunity with major pre-development milestones already achieved in a market where entitlement timelines and uncertainty can delay projects. This offering provides immediate value with the ability to close and move toward construction in the near term. Perfect for investors, builders, or developers looking to capitalize on a near-ready multifamily development. Buyer to verify all plans, permits, zoning, and development details with the city.
Investment highlights
Ready to build. Civil plans approved.
Listing Contacts
Jung Lyu Real Estate
Listed by Jung Lyu Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
R1 ResidentialSingle FamilySingle Family Residence 2.5 To 4.5 Dwelling Unit Per Acre
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 67 uses
View all 67 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?







