1981 Green Street

Estimated Monthly Payment: $4,469/mo 1981 Green Street, Cambria, CA 93428 MLS# PI18273071 Land Listing Status: Active

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REMARKS:

Investment opportunity in Cambria. Kingston Bay is offering its 1.25-acre site in Cambria, California for sale. The property is zoned for multi-family and consists of 7 contiguous parcels. The property has been designed as a 31-Unit, 41 bed assisted living and memory care facility. However, there is no restriction on project type as long as it falls within the allowable uses of the RMF zone. The subject property is uniquely positioned for development in a significantly underserved and affluent market. The community of Cambria-by-the-sea is located on Californias central coast between Morro Bay and San Simeon. Housing in this area is scarce and professionally operated senior housing, specifically assisted-living & memory care is non-existent. It has secured 11.28 EDUs of water, through prior payment of a water conservation fee. The parcels hold the Number 1 and Number 9 community utilities districts wait list positions for new water connections. Peoples Self-Help Housing also owns zoned property in Cambria, possesses a Will-Serve letter and holds District Wait-List positions for a housing project. They have completed their application for project approval and are preparing to submit and begin the approval process. Broker Jeff King has an ownership interest in this listing.

OVERVIEW:

Land
Active
CAMB - Cambria
Other (OTHR)
54450
1.25
Public, See Remarks
Cable Available, Electricity Available, Natural Gas Available, Phone Available, See Remarks, Sewer Available, Water Available
Greenbelt, Treed Lot

FEATURES:

Rural
Park Or Green Belt, See Remarks, Trees/Woods

FINANCIAL:

980000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Keller Williams Realty Central Coast

 

Based on information from California Regional Multiple Listing Service, Inc. as of 01/18/2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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