1981 Green Street, Cambria, CA 93428 (MLS # PI18273071)

1981 Green Street, Cambria, CA 93428 (MLS # PI18273071)

Price $980,000
Status Active
Beds 0
Baths 0 bath
Home size n/a
Lot Size 1.25 ac
Days on Market 139
Investment opportunity in Cambria. Kingston Bay is offering its 1.25-acre site in Cambria, California for sale. The property is zoned for multi-family and consists of 7 contiguous parcels. The property has been designed as a 31-Unit, 41 bed assisted living and memory care facility. However, there is no restriction on project type as long as it falls within the allowable uses of the RMF zone. The subject property is uniquely positioned for development in a significantly under served and affluent market. The community of Cambria-by-the-sea is located on California’s central coast between Morro Bay and San Simeon. Housing in this area is scarce and professionally operated senior housing, specifically assisted-living & memory care is non-existent. It has secured 11.78 EDU’s of water, through prior payment of a water conservation fee. The parcels hold the Number 1 and Number 9 community utilities district’s wait list positions for new water connections. People’s Self-Help Housing also owns zoned property in Cambria, possesses a Will-Serve letter and holds District Wait-List positions for a housing project. Thier project of 33 affordable housing units was approved by the San Luis Obispo Planning Commission on January 10, 2019. Broker Jeff King has an ownership interest in this listing.
Property Type(s): Lot/Land/Acreage
Last Updated 11/13/2018 Tract Other (OTHR)
Year Built 0 Community CAMB - Cambria
County San Luis Obispo

Additional Details

AREA CAMB - Cambria
LOT 1.2500 acre(s)
LOT DESCRIPTION Greenbelt, Treed Lot
UTILITIES Cable Available,Electricity Available,Natural Gas Available,Phone Available,See Remarks,Sewer Available,Water Available
VIEW DESCRIPTION Park Or Green Belt,See Remarks,Trees/Woods
WATER Public,See Remarks



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Listing provided by : Jeffrey King CalDRE: 00993116, Keller Williams Realty Central Coast

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