Up to 32 Unit Development Opportunity! 2.32 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity. Neighboring Parcel for sale to combine to 4.64 Acres and up to a 64 unit build. 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.
Up to 32 Unit Development Opportunity! 2.32 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity. Neighboring parcel for sale combining to 4.64 Acres and up to a 64 unit build. 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 Available: Lot 4 (4.10AC Market Rate Residential), Lot 5 (4.51AC Market Rate Residential) Lot 6 (.89AC Commercial/Office/Retail), Lot 7 (3.06AC Commercial/Office/Retail) and Lot 8 (3.11AC Commercial/Office/Retail) Features: Great Visibility, Average Weekday Traffic of Over 25,000, Over 2,300 Feet Of Street Frontage, Mostly Flat Lot. Location: Property is Located in the Heart of Santee, Adjacent to Major Retail and Public Transportation, Just North of the 52 Freeway at the Cuyamaca St. Exit. Zoning: Current Zoning Allows for Hotels, Medical Use, Office, Research and Development, and Some Commercial Accessory Uses.
INVESTORS WANTED: Triplex consisting of (1) One Bedroom/ 1 Bath and (2) Two Bedrooms/ 2 Baths . Current rent is below market.
Santee is located in California. Santee, California has a population of 57,376. Santee is less family-centric than the surrounding county with 33.49% of the households containing married families with children. The county average for households married with children is 34.63%.
The median household income in Santee, California is $81,430. The median household income for the surrounding county is $70,588 compared to the national median of $57,652. The median age of people living in Santee is 38.3 years.
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 42 degrees. The average rainfall is approximately 13.9 inches per year, with 0 inches of snow per year.
