2744 N Locan Avenue, Fresno, CA 93737

Property Description

This exceptional property, as reflected in Fresno County records, presents a unique investment opportunity in a rapidly growing area. Located within Growth Area 2, as identified in Figure IM-2 of the Fresno General Plan, the property is currently designated as Residential - Urban Neighborhood, permitting a density range of 16-30 dwelling units per acre.The parcel is also included in the Southeast Development Area Specific Plan, which is presently in draft form. This proposed plan would redesignate the land use to Mixed Residential, allowing for a broader density range of 8-60 dwelling units per acre. Although the current application does not conform to either the existing or proposed land use designations, the property offers significant potential for future residential development.Situated within the sphere of influence of the City of Fresno, this parcel lies directly in the path of anticipated growth and is currently zoned AE-20.The property features a 3-bedroom, 2-bathroom residence with a domestic well. The garage has been converted into a family room (permits unknown). The home is owner-occupied and easy to show.This is an outstanding investment opportunity with strong future upside potential. For additional information or to schedule a private showing, please contact the listing agent.Agent Remarks:Property to be sold as disclosedBuyer to verify all development possibilities with the Fresno County Planning DivisionSeller may complete a 1031 Exchange at no cost to the .