Active
1981 Green Street
Cambria CA, 93428
$1,300,000
$23.88 per sqft
Active
1.25 Acres
Land
Listed by Owen Schwaegerle with Keller Williams Realty Central Coast 805-215-5063
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!
SC24001286
MLSⓇ ID
January 3, 2024
Listed
August 30, 2024
Updated
Map
1981 Green Street
Cambria CA, 93428
Exterior/Building Features
Lot Size
1.25 Acres
Lot Features
0-1 Unit/Acre
Other Property Details
Area Name
CAMB - Cambria
Days on Market
127
Garage
No
View
Yes
View Description
Park/Greenbelt, Hills, Trees/Woods
County
San Luis Obispo
Water Source
See Remarks
Pool
No
Zoning
RMF
Listing Contact: 805-548-8686
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/30/2024 at 8:08 PM UTC