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16286 Lakepointe Dr
Riverside, CA 92503
Asking Price
$1.20M
Asset Type
Residential Land
Class
Class B
What's Special
Possible Residential Subdivision <p><strong>Versatile Current Zoning:</strong> Currently zoned R-5, which supports recreational and commercial utility, including golf courses, driving ranges, clubhouses, and associated retail or dining facilities.</p><p><strong>High Residential Subdivision Potential:</strong> Strategically bordered on three sides by R-1 residential zoning, making the site an ideal candidate for rezoning to R-1 to accommodate a residential subdivision.</p><p><strong>Large-Scale Development Opportunity:</strong>
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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657
