Rare 64-unit development opportunity in San Pablo planning approval. The 1.04 acre parcel is entitled for 50 1bd/1bth and 2bd/2bth units, six 3bd/2bth affordable housing units, and eight studio units. This is an excellent opportunity for a developer to capitalize on an established San Pablo market near Contra Contra Costa College, College Center, and popular Lytton Casino. Annual income for the property once fully leased should be approximately $1,694,640 making this a safe and profitable investment. Seller financing is available with excellent terms. There is a structure currently on the property so utilities are already on-site. Attractive San Pablo location surrounded by residential homes with clear pride of ownership. The property is walking distance to Contra Costa College and Helms Middle School and is around the corner from College Center that offers a variety of restaurants, coffee shops, and shopping options.
MLS #
EB41046924
MLS Source
Bridge MLS
Days on Site
145
Buyer's Brokerage Compensation*
3.0%
Development Status
Approved Building Plan
Lot Description
Corners Marked - No, Other
Utilities
Gas - On Site, Water - Public
Sewer
Public Sewer
Water
Public
Zoning
0
2354 Road 20 is in San Pablo, CA 94805-3302. This Land is currently priced at $1,750,000.
This address can also be written as 2354 Road 20, San Pablo, CA 94805-3302.©2024 Bridge MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bridge MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 29, 2024. For the most current information, please contact David Howarth, (510) 822-1331