1229 Hollister, Otay Mesa, CA 92154

$995,000
List Price
$995,000
Status
ACTIVE
MLS#
TR22080029
Lot Size(Range)
.5 to 1 AC
Lot Size(apprx.)
39,944

Property Description

UNDER VALUE PRICING. PRICING REDUCED / PERFECT SMALL DEVELOPMENT PROJECT IN SAN DIEGO. PARTNERS CANT BUILD AND MUST SELL. PRICING IS LESS THAN MARKET VALUE 2017 MAI IS ATTACHED $960K VALUE. BUILD APPROXIMATELY 20,000 SF IN SAN DIEGO NEAR OCEAN. OLD PLANS AND COMMENTS ARE READY TO BE RESUBMITTED BY NEW DEVELOPERS AND SUPPORTED BY CITY. 1. NO MAJOR GRADING IS ALLOWED. 2. EXISTING GRADE IS USED FOR PARKING 3. NEAR OCEAN WITH OCEAN BREEZE 4. SEWER MANHOLE WAS BUILT IN 2007 BY DEVELOPER WHEN WASHINGTON MUTUAL RECORDED A LAND LOAN FOR $1,000,000 ON THIS LAND BEFORE THE MARKET CRASH AND CITY AUTHORIZED SEWER CONNECTION TO THE UNITS (REFER TO CITY COMMENTS IN 2007) 5. CITY WILL SUPPORT AND EXPEDITE THE PLANS IF SUBMITTED AS IS (MUST VERIFY THIS INFORMATION) 6. INFILL HIGH DEMAND DEVELOPMENT PROJECT 7. DRAINAGE IS NATURAL TO THE WEST SIDE OF THE LAND USING COMMON DRAINAGE. 8. WATER AND ELECTRICITY ON CURB AND CITY HAS SIGNED OFF A WAIVER OF UNDER GROUND ELECTRICITY CONNECTION REQUIREMENT (MUST VERIFY) 9. PROJECT IS SUPPORTED BY STORM DRAINAGE CAPACITY FOR THE 13 HIGH DENSITY CONDOS OR APARTMENTS AS PLANNED. 10. ENVIRONMENTAL SENSITIVE IMPACT: VERIFIED 08.14.2014 A. SENSITIVE BIOLOGIC RESOURCES: NO B. STEEP HILLSIDE: NO C. COSTAL BEACHES: NO D. SENSITIVE COSTAL BLUFFS: NO E. 100 YEAR FLOODPLAIN: No

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