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$1,890,000
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UPDATED:
12/12/2024 04:38 PM
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240028334
HOA Y/N No
Acres 1.5
Property Description
Seller may carry financing. Submit all offers. 2060 E Vista Way is an opportunity to purchase a 1.50-acre site in Vista, CA, zoned for a base density of 15 units to the acre. The site is ideal for townhome development and after a density bonus could support 32+ townhomes. Comparable sales for townhomes in Vista average $742,000 for product newer than 2010 with an average price per square foot of $479. Directly across Vista Way is the housing project Serra, where recent comps average $850-875k. There are current entitlements on the site for 21, 2-bedroom townhomes for rent, but the seller would be willing to seller finance the purchase to allow a developer time to re-entitle to a higher density, for-sale project. Please contact the broker for diligence and a full offering memorandum.
Location
State CA
County San Diego
Area Vista (92084)
Zoning RM-15
Building
Lot Size Range 1+ to 2 AC
Others
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Erik M Anderson • NorthMarq Multifamily
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