16
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$1,100,000
Est. payment /mo
Active
1981 Green Cambria, CA 93428
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Lodge Hill(430)
MLS Listing ID SC24001286
Property Sub-Type Lots/Land
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
Direction Turn off Highway 1 and onto Ardith
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric, Natural Gas, Telephone
View Y/N No
Others
Tax ID 024191056
Listed by Owen Schwaegerle Keller Williams Realty Central Coast
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