Rockcrest, Lakeside, CA 92040

$1,195,000
List Price
$1,195,000
MLS#
NDP2400180
Status
ACTIVE
Type
Land

Property Description

The subject property is approximately 0.67 Acres of land with a site plan for a 16-unit apartment project with 2 ADUs. Additional units may be achieved through density bonus, but all plans need to be approved by the County. Current plans consist of two buildings with 8 units and one ADU each, parking and storage on the first floor, and apartments on the second. The apartments are 2bd/2ba approximately 935-946 SF. A buyer may take advantage of the work already completed by the seller and move forward with approvals for the current plans, or there may be an opportunity for additional units by attributing a percentage to affordable units.

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Calculator source: Real Geeks

Courtesy of Lee & Associates, Alexandra Bentley.