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Key Details
Sold Price $740,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81754006
Sold Date 12/04/19
HOA Y/N No
Lot Size 0.346 Acres
Acres 0.346
Property Description
Prime 15,073 SF of R-UH Urban High Residential development land Zoned RM-3 Multi-Family Residential. 2 to 3 blocks from Downtown Soquel and Main Street Business District with bustling restaurants, antique shops, schools, and local artisan retailers. Easy access to beaches and highway. Lot would support a new multiple residential development and/or a new single-family residence. Super rare opportunity to get High-Density Multifamily land and the opportunity to develop Condos, Townhouses, Apartments, or Single-Family Homes on a quiet street on the bluff above Soquel. Based on Zoning RM-3 of 1 Dwelling Unit per 3,000 SF of Land, potential to build 4 to 5 units. BUYER TO VERIFY. Recent County code density bonus of up to 50% or 30 u/acre, whichever is less means 10 units for sale or 11 for a rental project with some being affordable. Other factors, feasibility, incentives. BUYER TO VERIFY. Water is through the Soquel Creek Water District. Water available immediately for new development.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM-3
Interior
Fireplace No
Exterior
Fence Partial, Wood
Utilities Available ElectricityNotAvailable, NaturalGasNotAvailable
Building
Lot Description Level
Schools
School District Other
Others
Tax ID 03016104000
Financing Cash
Special Listing Condition Standard
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Bought with Steve Hungerford • Elite Realty Services