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841 Saint Paul Dr , 228-130-32-00

San Marcos, CA 92069
  • $1,400,000
  • STATUS: ACTIVE
  • ON SITE: 22 Days
  • ID#: 240002420
UPDATED: 45 min ago
$1,400,000
  • 0
    BEDS
  • 1.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

Description

4 Individual Legal Parcels (4 APNs) ranging from 12,000+ to 18,000+ SQFT with approved Grading, Improvement Plans, and Completed Building Plans ready for submittal. Perched atop the picturesque San Marcos Hills, 841 St. Paul Dr. beckons as a premier development opportunity in San Marcos, CA. Spanning 1.3 acres, this distinguished property boasts entitled land with an approved Parcel MAP for 4 individual lots (4 APNs), approved Grading, and Improvement Plans. With Building Plans drawn up for 4 luxury homes ready for submission to the County, this expansive canvas invites discerning investors to explore two compelling development options. Whether envisioning a collection of four luxury contemporary homes with sweeping views or pioneering a Build to Rent (BTR) community with 12 to 16 rental units, the possibilities are as vast as the landscape itself. 1) Build 4 luxury contemporary modern homes: Plans ready to submit for 4 homes (3925 sf each), including the main house, attached ADU, plus a two-car garage Price range: $1.5-$1.7m each, total exit value $6.0m to $6.5m Beautiful views of San Marcos hills and greens, adjacent to a park in a 19-home enclave 2) BTR (Build to Rent) community: Use Modular or site-built 12 to 16-rental units Rental prices: $2800-$4000 per unit, responding to the demand for single-family rentals Offer: $1.4M for all 4 lots or individual lot sales possible (Approved Grading & Improvement plans are for the entire site)

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.callstein.com/homes/147191390
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841 Saint Paul Dr , 228-130-32-00 San Marcos, CA 92069

  • Price: $1,400,000
  • Status: ACTIVE
  • On Site: 22 Days
  • Updated: 45 min ago
  • ID#: 240002420
0
Beds
0
Baths
0
½ Baths
1.29
Acres
Neighborhood:
San Marcos
County:
San Diego
Area:
San Marcos (92069)
Middle School:
San Marcos Unified School District
High School:
San Marcos Unified School District
Property Description
4 Individual Legal Parcels (4 APNs) ranging from 12,000+ to 18,000+ SQFT with approved Grading, Improvement Plans, and Completed Building Plans ready for submittal. Perched atop the picturesque San Marcos Hills, 841 St. Paul Dr. beckons as a premier development opportunity in San Marcos, CA. Spanning 1.3 acres, this distinguished property boasts entitled land with an approved Parcel MAP for 4 individual lots (4 APNs), approved Grading, and Improvement Plans. With Building Plans drawn up for 4 luxury homes ready for submission to the County, this expansive canvas invites discerning investors to explore two compelling development options. Whether envisioning a collection of four luxury contemporary homes with sweeping views or pioneering a Build to Rent (BTR) community with 12 to 16 rental units, the possibilities are as vast as the landscape itself. 1) Build 4 luxury contemporary modern homes: Plans ready to submit for 4 homes (3925 sf each), including the main house, attached ADU, plus a two-car garage Price range: $1.5-$1.7m each, total exit value $6.0m to $6.5m Beautiful views of San Marcos hills and greens, adjacent to a park in a 19-home enclave 2) BTR (Build to Rent) community: Use Modular or site-built 12 to 16-rental units Rental prices: $2800-$4000 per unit, responding to the demand for single-family rentals Offer: $1.4M for all 4 lots or individual lot sales possible (Approved Grading & Improvement plans are for the entire site)
Exterior Features

Fencing Partial Frontage Other/Remarks Frontage Dimensions In Feet 319 Irrigation N/K Lot Dimensions Approx 319x175 Site Corner LotCurbsStreet Paved Structures N/K Topography Level View Mountains/HillsParklike

Property Features

Additional Property Use N/K Age Restrictions N/K Approved Plans No Cfd Mello Roos Fee 0.0 Community SAN MARCOS Complex Features PlaygroundRecreation Area Cross Streets Montiel Rd Current Use ResidentialOther/Remarks Development Partial GradingCurbsFinal Map Highest Best Use Multi-DwellingPossible SubdivisionResidential Home Owners Fees 0.0 Mandatory Remarks None Known Miscellaneous Value in Land Monthly Total Fees 0 Occupied Call Listing Agent Other Fee Type N/K Other Fees 0.0 Possession Call Listing Agent Property Restrictions Known None Known Sales Restrictions N/K Sewer Septic Sewer Available Short Sale No Terms CashConventional Utilities Available Above GroundBelow GroundElectricNatural Gas Utilities To Site Above GroundBelow GroundElectricGas Water Available Water District VALLECITOS WATER DISTRICT Zoning R-1

San Diego MLS logo Listing provided courtesy of Alexander Ciullo of Pacific Sotheby's Int'l Realty: 619-944-1876. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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