1981 Green Street
Cambria, CA 93428
1.25 acres | #SC24001286
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!
Property Details
- ViewParkGreenbelt, Hills, TreesWoods
- Lot DescriptionZeroToOneUnitAcre
Measurements
- Acres1.25
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility FeaturesCableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable
- Utility SourceSeeRemarks
Community and Neighborhood Details
- SubdivisionLodge Hill(430)
Location
- CountySan Luis Obispo
Financial Details
- Original List Price$1,300,000
Other
- MLS #SC24001286
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Owen Schwaegerle (#sl02040597)
Listing Office: Keller Williams Realty Central Coast (#SL1061)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.