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$3,200,000
Est. payment /mo
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Lakeside
MLS Listing ID 230014118SD
HOA Y/N No
Lot Size 12.000 Acres
Property Description
***Seller says bring all offers. Flexible Terms available ***This currently underimproved parcel located in the unincorporated area of San Diego County, is ready for your development. Highest and best use as an affordable housing condo project maximizing the density bonus program at 159 affordable units awaits.**** Not subject to State or Federal Guidelines, developer may charge rents in accordance with San Diego County's AMI of 80% allowing for a higher ROI. (State and Federal funding programs require 30-50% AMI target tenant, currently not available)**** San Diego County's commitment to affordable housing has generated a "fast track" permitting process which allows developers a high-speed lane from plan submission to breaking ground. Further, a maximum of development waivers are available**** Situated on 12 acres with a topography of moderate slope, the topography supports the development of 7 of the 12 acres, leaving 5 acres which can be dedicated to "Open/Mitigated space".
Location
State CA
County San Diego
Area 92040 - Lakeside
Zoning V (7.3)
Interior
Fireplace No
Exterior
View Y/N No
Present Use Residential
Others
Senior Community No
Tax ID 3790110400
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Sharon Heyden • Over the Top Realty