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!
Property Details
Price:
$1,300,000
MLS #:
SC24001286
Status:
Active
Baths:
0
Address:
1981 Green Street 024191056
Type:
Land
Subdivision:
Lodge Hill430
Neighborhood:
cambcambria
City:
Cambria
Listed Date:
Jan 2, 2024
State:
CA
ZIP:
93428
Lot Size:
54,450 sqft / 1.25 acres (approx)
Schools
Interior
Exterior
Community Features
Mountainous
Lot Features
0-1 Unit/ Acre
View
Hills, Park/ Greenbelt, Trees/ Woods
Water Source
See Remarks
Financial
Association Fee
0.00
Buyer Agent Compensation
3.000
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Courtesy of Keller Williams Realty Central Coast. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1981 Green Street 024191056
Cambria, CA
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