Listing by: Alexander Ciullo, Pacific Sotheby's Int'l Realty
0 Beds
n/a Full bath
n/a SqFt
Active
4 Individual Legal Parcels (4 APNs) ranging from 12,000+ to 18,000+ SQFT with approved Grading, Improvement Plans, and Completed Building Plans ready for submittal. Perched atop the picturesque San Marcos Hills, 841 St. Paul Dr. beckons as a premier development opportunity in San Marcos, CA. Spanning 1.3 acres, this distinguished property boasts entitled land with an approved Parcel MAP for 4 individual lots (4 APNs), approved Grading, and Improvement Plans. With Building Plans drawn up for 4 luxury homes ready for submission to the County, this expansive canvas invites discerning investors to explore two compelling development options. Whether envisioning a collection of four luxury contemporary homes with sweeping views or pioneering a Build to Rent (BTR) community with 12 to 16 rental units, the possibilities are as vast as the landscape itself. 1) Build 4 luxury contemporary modern homes: Plans ready to submit for 4 homes (3925 sf each), including the main house, attached ADU, plus a two-car garage Price range: $1.5-$1.7m each, total exit value $6.0m to $6.5m Beautiful views of San Marcos hills and greens, adjacent to a park in a 19-home enclave 2) BTR (Build to Rent) community: Use Modular or site-built 12 to 16-rental units Rental prices: $2800-$4000 per unit, responding to the demand for single-family rentals Offer: $1.4M for all 4 lots or individual lot sales possible (Approved Grading & Improvement plans are for the entire site)
Property Details | ||
---|---|---|
Price | $1,400,000 | |
Property Style | Residential | |
Lot Size | 319x175 | |
Lot Size Area | 56192 | |
Lot Size Area Units | Square Feet | |
Acres | 1.29 | |
Property Type | Land | |
Features | Natural Gas Available | |
Subdivision | San Marcos | |
Association Fee | 0 | |
Geographic Data | ||
Directions | 78 Freeway exit Nordahl Road. Left on Auto Park Way, Right on Montiel Rd, Left on Saint Paul Drive CrossStreet: Montiel Rd | |
County | San Diego | |
Latitude | 33.13351 | |
Longitude | -117.113812 | |
Market Area | 92069 - San Marcos | |
Address Information | ||
Address | 841 Saint Paul Dr, San Marcos, CA 92069 | |
Postal Code | 92069 | |
City | San Marcos | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Pacific Sotheby's Int'l Realty | |
Listing Agent | Alexander Ciullo | |
Buyer Agency Compensation | 2.250 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Virtual Tour URL | https://www.propertypanorama.com/instaview/snd/240002420 | |
MLS Information | ||
Days on market | 42 | |
MLS Status | Active | |
Listing Date | Feb 1, 2024 | |
Listing Last Modified | Mar 13, 2024 | |
Tax ID | 2281303200 | |
MLS Area | 92069 - San Marcos | |
MLS # | 240002420SD |
This information is believed to be accurate, but without any warranty.