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Listed by Datta Khalsa • Main Street Realtors, DRE#01161050
$ 555,000
Est. payment | /mo
5,418 Sqft Lot
$ 555,000
Est. payment | /mo
5,418 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82053101
Lot Size 5,418 Sqft
Property Sub-Type Residential Lot
Property Description
Rare plug-and-play opportunity to build your choice of anything from a Single Family Residence-and-ADU, up to a 4-Townhome Development, as proposed by the current owner/developer, with shared parking beneath the unit nearest Market Street. Includes architect-prepared site plans, footprints, floor-plans, elevations, and renderings, measured to the inch in a pre-application package that has been approved with comments by the City. This legal parcel was created from 409 Linden and recorded with its own APN as a fully-conforming lot, with nothing contingent, pursuant to the City's allowance of four units under SB9 without an actual land division. The development package represents a minimum $100K in hard costs plus time saved for the new owner, with a paper trail that started with archaeological reconnaissance, biotic assessment, arborist's report, and original soils report. The adjacent parcel is also on the market (of similar size for $450K without the extent of reports and pre-application steps completed), for the option to combine and develop both lots together under SB1135 up to 9 Townhomes total. All this, on a tree-lined setting, just minutes from Midtown, local shops, restaurants, parks, and beaches with convenient commute access.
Location
State CA
County Santa Cruz
Area East Santa Cruz
Zoning R
Exterior
Fence None
Utilities Available Available - Not On Site
Present Use Vacant
Building
Lot Description Grade - Hillside
Sewer Sewer Available
Water Water Available at Street
Others
Tax ID 009-151-24-000
Horse Property No
Special Listing Condition Not Applicable
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Suzanne Hunter
REALTOR® | Lic# DRE 01505241