Thank you
Owen Schwaegerle
Keller Williams Realty Central Coast
805-548-8686
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!
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.25
Lot Size Source: Assessor
Lot Size Square Feet: 54450
Original List Price: 1,300,000
Listing Contract Date: 2024-01-02
Listing Agreement: Exclusive Right To Sell
Parcel Number: 024191056
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: CAMB - Cambria
Directions: Turn off Highway 1 and onto Ardith
Zoning: RMF
Source Property Type: Land
Area: CAMB - Cambria
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1324 Berwick Drive, Cambria, CA,93428 | $15,000 | -- | -- | -- | 5500 Sqft |
Bradford Place, Cambria, CA,93428 | $99,000 | -- | -- | -- | 13475 Sqft |
Richard Avenue, Cambria, CA,93428 | $34,900 | -- | -- | -- | 3500 Sqft |
Pineridge Drive, Cambria, CA,93428 | $79,900 | -- | -- | -- | 4250 Sqft |
Pineridge Drive, Cambria, CA,93428 | $57,900 | -- | -- | -- | 7300 Sqft |
2540 Malvern Street, Cambria, CA,93428 | $89,000 | -- | -- | -- | 6958 Sqft |
4850 Windsor Boulevard, Cambria, CA,93428 | $399,000 | -- | -- | -- | 8640 Sqft |
4925 Grove Street, Cambria, CA,93428 | $99,000 | -- | -- | -- | 28750 Sqft |
Linden Court, Cambria, CA,93428 | $99,900 | -- | -- | -- | 27878 Sqft |
Land, Cambria, CA,93428 | $10,000 | -- | -- | -- | 5332 Sqft |
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ByOwner last updated this listing 05/23/2024 @ 17:34
MLS: SC24001286
LISTED BY: Owen Schwaegerle, Keller Williams Realty Central Coast
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.