Pending

10939 Summit Avenue

Santee CA, 92071

$4,550,000


Pending

Commercial

Listed by Pamela Macias with Radius Agent Realty 619-820-2454

4.65 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity. Parcel was recently approved for up-zoning to R-7 by the City of Santee as part of the 6th Cycle Housing Element. R-7 Zoning allows for 7 to 14 units per gross acre. It is a Medium Density Residential General Plan designation. Per the city's zoning code, the R-7 zone "is intended for a wide range of multiple family residential development types including detached units in planned residential development at the lower end of the density range and attached units at the higher end of the density range." Maximum lot coverage is 55%, maximum height is 35 feet/three stories, and there is no minimum lot size. NEW CONSTRUCTION COMMUNITIES IN DEMAND! Property is located in close proximity to in demand housing development communities such as Mastercraft Residential's Walker Trails, Summit Santee's Noble Way, Pardee Homes' Castlerock, Kb Homes' River Village and townhome/condominium development communities such as Presidio Cornerstone's Laurel Heights, Pardee Homes' Weston, City Ventures' Caribbean Way, Kb Homes' Prospect Fields, and William Lyon Homes' Riverview, just to name a few. Recent New Construction Community Home sales boast a closing range between $905,500 and $1,300,000. Recent New Construction Townhome/ Condominium Communities boast a sales closing range between $738,000 and $964,000.00 PRICE & TERMS: All offers will be considered. Suggested due diligence period is 60 days. Offers contingent upon entitlement may be considered. Currently improved with one 3 bedroom/2 bathroom, 1,288 squarefoot single-family residence, large detached garage, and one mobile home, located on site. The property is currently owner occupied with no tenant occupancies. DO NOT ENTER PROPERTY OR DISTURB RESIDENTS. All tours must be coordinated with Pamela Macias from Radius Agent.

230004634SD

MLS ID

March 11, 2023

Listed

October 17, 2024

Updated

Map

10939 Summit Avenue
Santee CA, 92071

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

4.65 Acres


Lot Features

Level

Other Property Details

Area Name

92071 - Santee


Days on Market

479


Garage

No


Parking Total

0


View

Yes


County

San Diego


Pool

No


Zoning

R-7

Listing Contact: 628-219-3672 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 1:17 PM UTC

 

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