2872 N Locan Ave, Fresno, CA
5 bd · 3 ba · 3,070 sqft Single Family listed at $3,300,000, built in 2004 in the SEDA neighborhood.
About this home
Many opportunities for this 9.17 Acre property with 3070 square feet home. 5 Bedrooms and 3.25 bathrooms. Located within Fresno County records,presents a unique investment opportunity in a high-growth area. Situated in Growth Area 2 as per Figure IM-2 of the Fresno General Plan, the propertyis currently designated as Residential - Urban Neighborhood, allowing for a density range of 16-30 dwelling units per acre.The land is part of theSoutheast Development Area Specific Plan, which is still in draft form. This plan proposes to change the land use designation to Mixed Residential,offering an expanded density range of 8-60 dwelling units per acre. While the current application does not align with either the existing or proposedland use, the potential for prime residential development is immense. Located within the city of Fresno's sphere of influence, this parcel is in the path ofgrowth and is currently zoned AE20. Don't miss out on this fantastic investment opportunity! Contact the agent to set up an appointment or for anyquestions.
What it's like to live here
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Property details
- Price
- $3,300,000
- Bedrooms
- 5
- Bathrooms
- 3
- Interior
- 3,070 sqft
- Price / sqft
- $1075
- Year built
- 2004
- Lot size
- 9.16 acres
- Type
- Single Family
- Days on market
- 395
- Est. property tax
- $24,750/yr · $2,063/mo · 0.75% CA avg
- Last sold
- $249,000 · Jul 2014
Estimated monthly payment
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Location
This home is located in Fresno, CA, in the Paso Robles / Central Valley area. Browse more Fresno listings on the Fresno market page or explore the full Fresno market report.
About Fresno: Fresno is a city in the San Joaquin Valley of California, United States. It is the county seat of Fresno County and the largest city in the greater Central Valley region, as well as the most populated city in Central California. It covers about 114.7 square miles (297 km2) and had a population of 542,107 as of the 2020 census, making it the fifth-most populous city in California, the most populous inland city in California, and the 34th-most populous city in the nation. (source: Wikipedia)
Climate: Average year-round temperature is 67°F with 312 dry days per year and 13.8 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 93737)
This neighborhood is predominantly owner-occupied (87%). Median age is 35.7; 20% hold a bachelor's degree; median household income is $103,993.
- Median income
- $103,993
- Median age
- 35.7
- Owner-occupied
- 87.3%
- Bachelor's degree
- 20.4%
- Census median home value
- $436,000
Source: US Census Bureau American Community Survey 5-year estimates.
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