$ 1,100,000
1981 Green ST Cambria, CA 93428
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$ 1,100,000
Est. payment | /mo
1 Sqft Lot
$ 1,100,000
Est. payment | /mo
1 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSC24001286
Originating Board California Regional MLS
Lot Size 1 Sqft
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 D0
Exterior
Utilities Available Electricity - On Site, Telephone - Not On Site
View Greenbelt, Hills, Forest / Woods
Building
Water Other
Others
Tax ID 024191056
Special Listing Condition Not Applicable
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Listed by Owen Schwaegerle • Keller Williams Realty Central Coast
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "