1233 Rock Springs Rd - Residential Income FOR SALE


Escondido, CA 92026- Country Club
$4,000,000 USD
760-801-9758
1233 Rock Springs Rd, Escondido, CA for Sale
$4,000,000 USD
Residential Income - FOR SALE
1/4
null | Request Cap Rate

1233 Rock Springs Rd
Escondido, CA 92026
Country Club


OVERVIEW

This site consists of 3.86 acres, the second parcel adjacent is sold separately (a total of 9 acres). The site is centrally located in San Diego County, near the I-15 and I-78 freeways and directly between the City of San Marcos / City of Escondido borderlines. The area has proven residential absorption and is in a good residential corridor. The land is Zoned Rural Residential with a General Plan Land Use of Village Residential (VR-4.3). This Land Use allows for the development of 38 single-family, 6,000 SF Lots (with the purchase of two lots totaling 9 acres at 4.3DU/AC). The site is within the VMT Efficient threshold - see attached exhibits for confirmation. County staff supports development in the village and is aware of this project’s future development potential. Ownership is willing to structure escrow by providing time for the buyer to close at entitlements, with earnest money milestone deposit payments. Recent New Construction Community Home sales boast a closing range between $919,500 and $1,299,000. Recent New Construction Townhome/ Condominium Communities boast a sales closing range between $845,000 and $959,000.00 PRICE & TERMS: All offers will be considered.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$3,891 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.86 AC

LAND SF

168,142 SF

ZONING

RS

APN/PARCEL ID

228-170-63-00

ASK ABOUT THIS PROPERTY

Elvida SalazarBig Block Realty, Inc.More Info
760-801-9758

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Elvida SalazarBig Block Realty, Inc.More Info
760-801-9758

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.