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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 Type(s):
Lot/Land/Acreage
| Last Updated | 11/1/2024 | Tract | Lodge Hill(430) |
|---|---|---|---|
| Community | Cambria | County | San Luis Obispo |
Price History
| Prior to Nov 1, '24 | $1,300,000 |
|---|---|
| Nov 1, '24 - Today | $1,100,000 |
Additional Details
| AREA | Cambria |
|---|---|
| HOA DUES | 0 |
| LOT | 1.25 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| SUBDIVISION | Lodge Hill(430) |
| UTILITIES | Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Park/Greenbelt,Hills,Trees/Woods |
| WATER | See Remarks |
| ZONING | RMF |
Location
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Listed with Keller Williams Realty Central Coast
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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