***Seller says bring all offers. Flexible Terms available ***This currently underimproved parcel located in the unincorporated area of San Diego County, is ready for your development. Highest and best use as an affordable housing condo project maximizing the density bonus program at 159 affordable units awaits.**** Not subject to State or Federal Guidelines, developer may charge rents in accordance with San Diego County’s AMI of 80% allowing for a higher ROI. (State and Federal funding programs require 30-50% AMI target tenant, currently not available)**** San Diego County’s commitment to affordable housing has generated a “fast track” permitting process which allows developers a high-speed lane from plan submission to breaking ground. Further, a maximum of development waivers are available**** Situated on 12 acres with a topography of moderate slope, the topography supports the development of 7 of the 12 acres, leaving 5 acres which can be dedicated to “Open/Mitigated space”.
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Features
: None
: Full
: Sewer Connected, Above Ground
Address Map
US
CA
SD
Lakeside
Lakeside
92040
Riverford Rd
10270
W117° 3' 9.2''
N32° 51' 49.4''
East County
V (7.3)
Additional Info
Over the Top Realty
Additional Information
: None
: Value in Land
https://www.propertypanorama.com/instaview/snd/220014216
: Meter on Property
Financial
: N/K
Listing Information
661326
4847
ACTIVE
2023-10-24T18:02:46Z
sdmls
: N/K
12 Acre
$3,200,000
Listing ID #230014118
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 230014118
Price : $3,200,000
Lot Area : 12 Acre
Status : Active
Property Sub Type : Unimproved Land
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