1981 Green Street

Cambria, CA 93428

$1,300,000

Listed Price
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straighten $23 / sqft

calendar_month Built

Property 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!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1981 Green Street
City Cambria
State CA
Zip 93428
County San Luis Obispo
Listing Agent Owen Schwaegerle DRE#02040597
Co-Listing Agent Camille Schwaegerle DRE#02107467
Courtesy Of Keller Williams Realty Central Coast
MLS SC24001286
List Price $1,300,000
Status Active
Type Land
Structure Size N/A
Lot Size 54,450
DOM 128

Exterior Information

Maps

Listing information courtesy of: Owen Schwaegerle, Camille Schwaegerle, Keller Williams Realty Central Coast . *Based on information from the Association of REALTORS/Multiple Listing as of May 9th, 2024 at 2:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.