1401 S Escondido Blvd
Escondido, CA 92025
Land For Sale
·
1.19 AC
Investment Highlights
- Flat infill development site
- State bonus density program potential
- Newly adopted zoning promotes easier entitlement process
- On-grade contruction
- Fully improved city streets and signalized intersection
Property Facts
Description
1401-1447 S Escondido Blvd is a 1.19 acre development site located with the newly adopted, South Centre City Specific Plan-Escondido Boulevard District. The site is also a part of the mixed use overlay which makes the property prime for a residential only apartment development allowing 21-30 units per acre which equates to up to 35 market rate apartment units. Further, the State of California has implemented an affordable housing density bonus that would allow a developer the opportunity to increase the site’s max density an additional 35% for up to 47 units with an affordable housing component. Given the property is a favorable rectangular shape with street access on both South Escondido Boulevard and 15th Avenue, the site is positioned for a lower cost construction of 2-3 story structures with potential for on-grade parking.
Property Taxes
| Parcel Numbers | Improvements Assessment | $52,020 | |
| Land Assessment | $2,288,880 | Total Assessment | $2,340,900 |
Property Taxes
