10270 Riverford Rd, Lakeside, CA 92040

$3,200,000
List Price
$3,200,000
Price Change
▲ $800,000 1698188865
Status
ACTIVE
MLS#
230014118
Lot Size(Range)
10+ to 20 AC
Property Type
Land

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".

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Sharon J Heyden (760-212-2029) from Listing Office: Over the Top Realty.

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