2804 Southgate rd
Alpine, CA 91901
Olive Grove Estates - Alpine, CA - AUCTION · Land For Sale
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10.52 AC
Investment Highlights
- Absolutely appealing and desirable residential development property
- Located in close proximity to a growing community lies a great investment opportunity significant for beautiful Israeli Olive trees.
- Conveniently located near the growing City of Alpine, just off I-8 freeway and a major planned County park ad family recreation area
- Impressive and stunning residential property
- Close to local amenities yet offering a sense of remote privacy
- Abundant water sources for a 26 -30 lot custom home development property
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 10.52 AC |
| Zoning | R-1 - Residential | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 10.52 AC |
| Zoning | R-1 - Residential |
Description
If you are a developer with the right vision and the resources to acquire a turn-key development opportunity. This property represents an amazing opportunity for the right developer, investor, owner builders to purchase and own the entitlement for this 10.52 +/- acre property in the middle of a well planned location in Alpine prime development area. The property currently has a Tentative Map (TM) for up to 30-lots and/or 26-lots based upon wholesale value to build custom homes. The owner has created a substantial amount of engineering and pre-planning due diligence into the property to plan for at least 26-lot subdivision. This planning has led to recent reports that have concluded to now make this project a reality. The land offers the right investor/developer up to 4 rentals netting monthly income from over 375 one hundred year old mature Mission olive tree groves, with a high producing water well used for the rentals ad irrigating the olive grove. This property is located near Wright's Field, including miles of hiking and horse riding trails. The location of the property is incredible being less than a few minutes to the center of the City of Alpine, with great freeway access and other amenities.
Property Taxes
| Parcel Number | 404-430-46 | Improvements Assessment | $270,608 |
| Land Assessment | $1,677,769 | Total Assessment | $1,948,377 |
Property Taxes
