Unique opportunity to maximize value; current owners have several development options to take advantage of the high-density mixed-use CUPD-CU 2-4 Zoning allowing 1 unit per 600 sq ft. The listing photo shows the potential for a 6 unit rowhome project, current owners have drawings and soils report completed. Each unit is approximately 1600 sq ft with 3 bedrooms and 3.5 baths and large private rooftop deck area. See documents section for plans and OM. Sellers also have drawings for 2 other concepts if developer is looking for a larger project. One is a 24 unit mixed use including full drawings, structural engineering, soils and MEP that have gone through entitlements but have not submitted for a building permit. Other is a mixed use 41 unit project. The existing property is a 794 sq ft 2br/1ba single-family home that is currently rented. Value is in the land.
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Listing information last updated on January 25th, 2022 at 3:15pm PST.