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Our online auction for bank-owned property in Orland, California has finally come to an end thanks to one persistent bidder who outlasted all others! Though a bid deadline was initially set for March 25th, the seller invoked our patent-pending LAST CALL® system which extends the auction by twenty four hours each time a new high bid is placed. Ten different bidders combined to place over 30 bids, keeping this exciting online auction alive until April 15th after a remarkable three weeks of Last Call® bidding.
Much of Northern California, including Orland, was hit hard and early by the collapse of the commercial real estate market, creating countless investment opportunities, such as this bank-owned plot of land, which created quite the buzz among local residents and business professionals alike.
There are many aspects that made this property attractive. For starters, the minimum bid of just $110,000 represented a remarkable deal for such a versatile property. Also, the land’s close proximity to the bustling town of Chico stretched its appeal across the entire region.
This auction may have ended, but you can always stay up to date on all of our exciting auctions by following us on Twitter, subscribing to our RSS feed, signing up for our monthly eNewsletter, or checking out our website LFC.com.
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California Residential Development Land For Sale
LFC Auction #1 – Strada Del Vino Lot #1| Temecula, CA
Property Details:
Size: 4.81acres
Location: Temecula, California
Minimum Bid: $149,000
This Online Auction offers serious buyers an incredible opportunity to purchase prime land located in the emerging southern California wine capital of Temecula. The total property, ± 25 acres, is subdivided into 5 separate lots, each fully entitled as a ± 5 acre residential vineyard estate lot, although the land is zoned Citrus Vineyard and lends itself to many other uses. Streets and wet utilities are in, and the dry utility design has been completed and accepted by Edison. The site is partially planted with grapevines which are managed under an agricultural easement by Stuart Cellars.
Detailed property documents including zoning, conditions of approval, easements, geotechnical reports, improvement plans, plot maps, etc. are available under the Document tab above.
Acres: 4.81
Zoning: C/V Citrus Vineyard
APN: 927-480-010
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