The Property consists of approximately 7.93 acres zoned R-3 and approved to build 84 multi-family apartment units. The Seller has pre-paid all City fees. The price includes the approved plans. The Property is located off Jayne Avenue adjacent to a newly built Hotel and the Echo Canyon Townhomes consisting of 133 luxury apartments with no vacancies and a Waiting List of Tenants. This is a great location, with great employment. The Coalinga State Hospital was built very close to the Subject Property at a reported price of approximately $317,000,000 and employs approximately 2500 workers. Other local employers are West Hills College, Harris Farms, Paramount, Granite Construction, Chevron, and many others.