10270 Riverford Rd #0, Lakeside, CA 92040

Lakeside, CA 92040,10270 Riverford Rd #0

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Glen Henderson

[email protected] +1(619) 889-7646

$3,200,000

Est. payment - /mo

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UPDATED:

10/24/2023 06:08 PM

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Lakeside

MLS Listing ID 230014118

HOA Y/N No

Acres 12.0

Type of Financing Conventional,Seller May Carry

Property Description

***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".

Location

State CA

County San Diego

Community Lakeside

Area Lakeside (92040)

Zoning V (7.3)

Exterior

Fence Full

Utilities Available Above Ground

Building

Lot Description Easement Access, Street Paved

Lot Size Range 10+ to 20 AC

Sewer Sewer Connected

Water Meter on Property

Others

Ownership Fee Simple

Miscellaneous Value in Land

Acceptable Financing Conventional, Seller May Carry

Listing Terms Conventional, Seller May Carry

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Listed by Sharon J Heyden • Over the Top Realty

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities