17560 Santa Ana Avenue, Bloomington, California 92316, Bloomington, - bed, bath

home-pic
ACTIVE$2,950,000
17560 Santa Ana Avenue, Bloomington, California 92316
2Beds
2Baths
1,560Sqft
60,984Lot
Year Built
1932
Close
-
List price
$2.95M
Original List price
$2.95M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25033096
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Excellent Development or Investment Opportunity in Prime Bloomington Location! Great opportunity to own a 1.4-acre property in a high-demand area of Bloomington. This versatile lot is ideal for developers, investors, builders, and horse enthusiasts, offering significant potential for future growth and expansion.The property includes a 2-bedroom, 1.5-bathroom home and is zoned BL/RS-1-AA, allowing for potential warehouse or industrial development. With multiple concrete tilt-up warehouse projects already in progress nearby, this property is perfectly positioned for expansion.This prime location offers easy access to major freeways and transportation routes, making it a highly desirable investment. Whether you’re looking to develop, build, or invest, this property provides exceptional opportunities in a rapidly growing market. Don’t miss out and call me today!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (49 Listings)
Beds23
12%
Baths22
50%
Square foot1,5601,378
64%
Lot Size60,9847,900
96%
Price$2.95M$558K
98%
Price per square foot$1,891$398
98%
Built year19329840985
4%
HOA
Days on market264169
88%
Condition Rating
Poor

The property was built in 1932. Based on the images, it appears to be in need of substantial repairs. The listing focuses on the land's development potential rather than the house itself, suggesting the house is not in good condition. The house likely requires significant updates and rehabilitation.
Pros & Cons

Pros

Large Lot Size: The property boasts a substantial 1.4-acre lot, providing ample space for development or expansion.
Favorable Zoning: Zoned BL/RS-1-AA, the property allows for potential warehouse or industrial development, increasing its versatility and investment appeal.
Prime Location: Located in a high-demand area of Bloomington with easy access to major freeways and transportation routes, enhancing its desirability.
Development Potential: Surrounded by multiple concrete tilt-up warehouse projects, indicating a rapidly growing market and significant development opportunities.
Investment Opportunity: The property presents a versatile investment opportunity for developers, investors, builders, and even horse enthusiasts.

Cons

Older Home: The existing 2-bedroom, 1.5-bathroom home was built in 1932, potentially requiring updates or renovations.
Residential Component: The presence of a residential structure might necessitate demolition or repurposing for certain industrial development plans, adding to initial costs.
Price Point: The list price of $2.95 million may be a barrier for some investors, requiring careful evaluation of potential ROI.

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