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$1,100,000
Est. payment /mo
1.25 Acres Lot
UPDATED:
12/24/2024 08:04 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Lodge Hill(430)
MLS Listing ID SC24001286
HOA Y/N No
Lot Size 1.250 Acres
Property Description
Seeking your next senior housing development project? Presenting an exceptional investment opportunity with this 1.25-acre multifamily-zoned property nestled in the picturesque town of Cambria. This 7 lot property owns the rights to 2 water meters within the Cambria Community Service District (CCSD) in the amount of 11.78 Equivalent Dwelling Units (EDUs), which could accommodate approximately 29 senior housing apartments. This site was previously approved by the San Luis Obispo County Planning Department and Board of Supervisors for a 31-unit / 41-bed RCFE Assisted Living - Memory Care facility of 28,000 square feet. All utilities are available at the property including water, sewer, natural gas, electrical power, telephone, and cable. Sale includes an extensive library of completed architectural, engineering, environmental, and geotechnical studies and compliance documents. Due to the high demand for more affordable housing in California, and the state mandating local municipalities to approve more construction projects, this lot is ripe with development potential!
Location
State CA
County San Luis Obispo
Area Camb - Cambria
Zoning RMF
Interior
Fireplace No
Exterior
Community Features Mountainous
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available
View Y/N Yes
View Park/Greenbelt, Hills, Trees/Woods
Building
Lot Description 0-1 Unit/Acre
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 024191056
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Owen Schwaegerle • Keller Williams Realty Central Coast • 805-215-5063