10270 Riverford Rd, Lakeside, CA 92040

$2,300,000

Property Description

Secure 2019 pricing on this 20 lot subdivision: 7500-14000 sf lots. Adjacent to Paseo Park (77 homes built in 1986 ranging from 1100-1550 sf commanding $525000 plus). (see pics)****Tentative map encompasses level portion of 12 acres with hillside dedicated as mitigated.**** Price includes tentative map final (est Nov, 2020) ****Engineering improvements estimated at 1.2M.****Projected profit $1.5-$2M prior to buildout.*****Seller may consider financing options based upon the strength of buyer and down payment.**** Existing tenant occupied home suitable for financing during the development process. ********************************************************************************************************************** All figures are estimated based upon current market conditions at time of listing. Buyer not to rely upon broker's marketing speculation and to perform their own due diligence prior to closing.

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Courtesy of Over the Top Realty, Sharon J Heyden.

Last Updated: Source: Sandicor Regional MLS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange(c) Program of SANDICOR Regional MLS. Real estate listings held by brokerage firms other than the listing office named includes the name of the listing brokers. Information is believed to be reliable, but not guaranteed.