547 Airport Blvd
Watsonville, CA 95076
547 Airport Blvd · Land For Sale
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1.55 AC
Investment Highlights
- Rental income and owner rent back while developing to be negotiated.
Property Facts
| Property Type | Land | Proposed Use | Apartment Units - Condo |
| Property Subtype | Commercial | Total Lot Size | 1.55 AC |
| Zoning | N/A | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 1.55 AC |
| Zoning | N/A |
Description
This property is ready to be developed by Aug/Sept 2020 for map approval. The townhomes have been designed by local arhitect Fred Latanzio for 21 townhomes, 13 3 bedrooms with one car garages, each 1440 sq. ft and three of the units will be affordable housing. City of Watsonville water, one meter on property now. Rental income from carrier units is $48,000 per year currently. Owner willing to rent back until buyer is ready to develop. Owner has invested one year with the City of Watsonville for to complete elevation drawings, bio retention engineering, sound wall, sewer line (built for 21 homes) landscape architecture plans, and enviornmental impact report. Current zoning Industrial. Proposed zoning: General Plan amendment to medium denisity residential planned unit development. Owner says he wants this in contract is 60 days so has dropped price $500,000 to move forward with other projects in motion.
Property Taxes
| Parcel Number | 015-321-01-000 | Improvements Assessment | $7,838 |
| Land Assessment | $619,255 | Total Assessment | $627,093 |
Property Taxes
