***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".
MLS #
SD230014118
MLS Source
San Diego MLS
Days on Site
469
Development Status
Other
Existing Structures
Outbuilding
Fencing
Complete
Lot Description
Other
Present Use
Residential
Complex Amenities
None
Zoning
V (7.3)
is in Lakeside, CA 92040. This Land is currently priced at $3,200,000.
This address can also be written as , Lakeside, CA 92040.©2024 San Diego MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Diego MLS.
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This listing information is up-to-date as of October 24, 2023. For the most current information, please contact Sharon Heyden, (760) 212-2029