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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 12–18 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.
Listing agent: Jung Lyu DRE #02018698 jung.lyu@gmail.com, Listing office: Jung Lyu, Broker
MLS data updated 10/30/2026, 10:40:21 PM PT
Source: CRMLS, MLS #: TR26084871
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 8, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$895,000Asking price recorded · Jun 8, 2026ZIP 92345 · Jun 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.