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!
Details
| MLS # | SC24001286 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 533 |
| Listing Provided By | Keller Williams Realty Central Coast | Owen Schwaegerle |
Features
| Zoning | RMF |
|---|---|
| Acreage | 1.25 |
| Property View | Yes |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available |
|---|
Location
| Community Features | Mountainous |
|---|
Market Activity 93428
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Learn More About This Property
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | Cambria |
| Zip Code | 93428 |
| Area | CAMB Cambria |
| Community Name | Lodge Hill(430) |
| Listing VS Median (in Lodge Hill(430)) | |
Price: $1,100,000 low | high Med: $0 On site: 533 low | high Med: | |