$3,200,000
12 Acre Lot

10270 Riverford Rd, Lakeside, California 92040

  • Land Property Type
Property Description

***Seller says bring all offers. Flexible Terms available ***This currently underimproved parcel located in the unincorporated area of San Diego County, is ready for your development. Highest and best use as an affordable housing condo project maximizing the density bonus program at 159 affordable units awaits.**** Not subject to State or Federal Guidelines, developer may charge rents in accordance with San Diego County’s AMI of 80% allowing for a higher ROI. (State and Federal funding programs require 30-50% AMI target tenant, currently not available)**** San Diego County’s commitment to affordable housing has generated a “fast track” permitting process which allows developers a high-speed lane from plan submission to breaking ground. Further, a maximum of development waivers are available**** Situated on 12 acres with a topography of moderate slope, the topography supports the development of 7 of the 12 acres, leaving 5 acres which can be dedicated to “Open/Mitigated space”.

Basic Details
Land
For Sale
230014118SD
$3,200,000
12 Acre
Active
Features
$0
Address Map
CA
San Diego
Lakeside
Lakeside
92040
Riverford Rd
10270
W117° 4' 39.9''
N32° 51' 26.2''
CrossStreet: El Nopal
92040 - Lakeside
V (7.3)
Additional Information
$0
$0
$0
$0
$0
: Residential
2023-07-21
2400000
https://www.propertypanorama.com/instaview/snd/220014216
Broker/Agent Information
Over the Top Realty
Sharon Heyden
Listing Information
SAND-661326
SAND-4847
Conventional
Active
2024-09-30T18:46:04Z
CRMLS
2023-07-20T17:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069