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- LoopNet Team
305 N Mountain View St
Santa Ana, CA 92703
New Home Development · Land For Sale
·
0.74 AC
Investment Highlights
- Fully Entitled project for 8 new units in 4 paired home buildings
- Constrained market for new units
Property Facts
| Property Type | Land | Total Lot Size | 0.74 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Single Family Development | ||
| Zoning | R2 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 0.74 AC |
| No. Stories | 1 |
| Zoning | R2 |
Description
This property is a builder’s opportunity to purchase a fully entitled new home development project in the City of Santa Ana. The Tentative Tract Map is approved and the final map, grading plan and fully engineered improvement plans are under way. The construction plans for the homes are also underway. Building Permits expected 2nd quarter 2022. The project was approved for 8 units in 4 paired homes buildings under a condominium map. A builder should be able to recognize home closings in 2023. The 3 bedroom 3-1/2 bath paired homes range in size from 1,800 sf - 1,870 sf. Price includes engineering and architectural plans for the project processed to date. The project was thoughtfully designed as a small paired home community positioned with homes priced within the FHA loan segment. The project’s design creates a sense of community with a centrally located common area and ample parking. There are virtually no other new home projects in the area currently selling that will compete directly with this project. The project is very close to downtown Santa Ana, local schools and multiple shopping opportunities abound close by. See attached Offering Memorandum for further information
