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Listed by Owen Schwaegerle • Keller Williams Realty Central Coast
$ 1,100,000
Est. payment /mo
Active
1981 Green Street Cambria, CA 93428
1.25 Acres Lot
UPDATED:
12/24/2024 09:15 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC-24001286
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
Zoning RMF
Exterior
Community Features Mountainous
Utilities Available Sewer Available, Cable Available, Electricity Available, Natural Gas Available, Phone Available
View Y/N Yes
View Hills, Park/Greenbelt, Trees/Woods
Building
Lot Description 0-1 Unit/Acre