Listing provided courtesy of Sharon Heyden of Over the Top Realty. Last updated 2023-10-25 09:17:29.000000. Listing information © 2024 SANDICOR.
Asking Price: $3,200,000
10270 Riverford Rd, Lakeside CA 92040
Community: Riverford
This Lots/Land property was built in and is priced at $3,200,000. Please see the additional details below.
***Seller says bring all offers. Flexible Terms available ***This currently underimproved parcel located in the unincorporated area of San Diego County, is ready for your development. Highest and best use as an affordable housing condo project maximizing the density bonus program at 159 affordable units awaits.**** Not subject to State or Federal Guidelines, developer may charge rents in accordance with San Diego County's AMI of 80% allowing for a higher ROI. (State and Federal funding programs require 30-50% AMI target tenant, currently not available)**** San Diego County's commitment to affordable housing has generated a "fast track" permitting process which allows developers a high-speed lane from plan submission to breaking ground. Further, a maximum of development waivers are available**** Situated on 12 acres with a topography of moderate slope, the topography supports the development of 7 of the 12 acres, leaving 5 acres which can be dedicated to "Open/Mitigated space".
