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- LoopNet Team
1559 N Santa Fe Ave
Vista, CA 92084
40-50-unit multi-family development lot · Land For Sale
·
1.26 AC
INVESTMENT HIGHLIGHTS
- MU-40 Zoning
- Strong urban rental area
- Proposed use for Multi-family, or Apartment/Condo
- 2.5% Buyers agent commission paid upon Seller's acceptance of offer and successful close of escrow.
PROPERTY FACTS
DESCRIPTION
This proposed, multi-family (40-50-Unit), property is strategically located on 1559 N. Santa Fe Ave (aka 1558 Manor Dr.) in Vista, CA 92084. The land is level and has all utilities to site. It is suitable as a market rate or affordable housing project. The zoning allows for a maximum at "market rate" of 50 units (40x1.26). For 100% "affordable" it is 68 units (1.35x50). There are bus stops at Santa Fe & Bobbier, both main traffic corridors. Please note the two architectural designs need to be modified to reflect a 25' road dedication on the Santa Fe side.
PROPERTY TAXES
| Parcel Number | 161-052-02 | Improvements Assessment | $12,667,000 |
| Land Assessment | $1,467,328 | Total Assessment | $14,134,328 |
PROPERTY TAXES
