$1,300,000 - 1981 Green,

  • 54,450SQ. Feet
  • 1.25Acres

Home For Sale

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!

Sales Agent

Sam Smith
  • Sam Smith
  • Beach Cities Luxury Homes
  • Phone: 619-988-9707
  • Cell: 619-988-9707
  • Contact Agent Now

Amenities

  • UtilitiesCable TV, Electric, Natural Gas, Telephone

Essential Information

  • MLS® #SC24001286
  • Price$1,300,000
  • Square Footage54,450
  • Acres1.25
  • TypeLot / Land
  • StatusACTIVE

Additional Information

  • Date ListedJanuary 2nd, 2024
  • Days on Market128

Community Information

  • Address1981 Green
  • AreaCAMBRIA (93428)
  • CountySan Luis Obispo
  • StateCA
  • Zip Code93428

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  • City:
  • Price Range:
    $450 - $999,999,999
  • Current Listings:
    14294
  • HOA Dues:
    $24
  • Average Price per Square Foot:
    $28

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Provided By: Keller Williams Realty Central Coast.

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Listing information last updated on May 16th, 2024 at 11:54am PDT.