1981 Green Street, Cambria, CA 93428

$980,000
List Price
$980,000
Status
ACTIVE
MLS#
PI19113226
Lot Size
7,861
Acres
0.1805
Lot Location
Greenbelt, Treed Lot
Days on Market
8
Property Type
Land
Neighborhood
Cambria Rural(390)

Property Description

Investment opportunity in Cambria. Kingston Bay is offering its 1.25-acre site in Cambria, Ca. 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 California's 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 11.78 EDU's of water, though prior payment of a water conservation fee. These parcels hold the Number 1 and Number 9 Cambria Community Services District Wait List positions for new water and sewer connections. People's Self-Help Housing also owns zoned property in Cambria, possess a Will-Serve letter and holds District Wait-List positions for a housing project. Their 33-unit Schoolhouse Lane apartment project was approved by the San Luis Obispo Planning Commission on January 10, 2019.

Additional Information

Lot Description
Biking, Rural
View
Trees/Woods
Sewer
Public Sewer
Water
Public, See Remarks

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Scott Maples from Keller Williams Realty Central Coast

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.