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Pajaro 35-Unit Development Opportunity 124 Gonda St 35 Unit Apartment Building $1,600,000 ($45,714/Unit) Royal Oaks, CA 95076
Investment Highlights
- 35-Unit Fully Entitled H-2A Housing Project
- 1.32 Acres with Multiple Development Paths
- CEQA Approved + Mitigated Negative Declaration Complete
Executive Summary
Offered as a development opportunity with an existing fully entitled 35-unit H-2A housing project package. Sale includes completed entitlement and CEQA documentation, architectural floor plans and elevations, Mitigated Negative Declaration, and related project materials. Property is zoned HDR/20. Buyers may evaluate alternative residential development opportunities subject to applicable County approvals. Complete entitlement and due-diligence materials are available through the listing broker upon request.
Property Facts
| Price | $1,600,000 | Lot Size | 1.32 AC |
| Price Per Unit | $45,714 | Construction Status | Proposed |
| Sale Type | Investment | Building Size | 36,198 SF |
| No. Units | 35 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2027 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Building Class | B | ||
| Zoning | HDR20 - The property is zoned HDR20 (High Density Residential), allows for up to 20 dwellings per gross acre, subject to applicable County approvals. | ||
| Price | $1,600,000 |
| Price Per Unit | $45,714 |
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.32 AC |
| Construction Status | Proposed |
| Building Size | 36,198 SF |
| No. Stories | 3 |
| Year Built | 2027 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | HDR20 - The property is zoned HDR20 (High Density Residential), allows for up to 20 dwellings per gross acre, subject to applicable County approvals. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 35 | - | 971 - 975 |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 117-361-017-000 | Improvements Assessment | $33,976 |
| Land Assessment | $278,876 | Total Assessment | $312,852 |
Property Taxes
Parcel Number
117-361-017-000
Land Assessment
$278,876
Improvements Assessment
$33,976
Total Assessment
$312,852
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Pajaro 35-Unit Development Opportunity | 124 Gonda St