$1,436,929*
●
Land -
Off Market
1981 Green Street
Cambria, CA 93428
Studio
0 Bath
$882,000 - $1,078,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
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.
Unit Size
-
Days on Market
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Land Size
7,861.00 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 3, 2024 | Listed | $1,300,000 | |
Listed | |||
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Seeking your next senior housing development project? Presenting an
exceptional investment opportunity with this 1.25-acre
multifamily-zoned property nestled in the picturesque town of
Cambria. This 7 lot property owns the rights to 2 water meters
within the Cambria Community Service District (CCSD) in the amount
of 11.78 Equivalent Dwelling Units (EDUs), which could accommodate
approximately 29 senior housing apartments. This site was
previously approved by the San Luis Obispo County…
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Aug 5, 2019 | No longer available | - | |
No longer available | |||
May 15, 2019 | Listed | $980,000 | |
Listed | |||
May 9, 2019 | No longer available | - | |
No longer available | |||
Nov 6, 2018 | Listed | $980,000 | |
Listed | |||
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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…
|
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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05/15/2019
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|
Studio
|
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$980,000
Studio
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|
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|
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|
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11/06/2018
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|
Studio
|
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|
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$980,000
Studio
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