Many happenings in the local land market. Land Developers and Investors are out in force again. Below are some examples:
401 Los Altos Pkwy Purchased 2-28-14 1,650,000 Sold 6-14-16 1,780,000
Dandini Blvd APN: 035-012-11 & 035-032-01. Zoned mixed use in the Dandini Regional Center Plan. Purchased 10-26-2015 for 2,250,000 Current asking price 3,200,000 as of 6/29/16 Price was just reduced.
West 7th Street Ladera Ranch APN: 502-250-05 356 total single family lots: 105 final mapped lots and 251 paper lots Purchased 09-17-2014 for 2,236,000 Current asking price 8,552,000 Unknown what entitlements were added to the property after purchase.
The old Raley's /Walmart property at 2050 Pyramid Way sold for 1,475,000 on 5/27/16. It sold for 3,250,000 back in 2004. Quite a long drop.