1935-1981 Green St
Cambria, CA 93428

Investment opportunity in Cambria. Kingston Bay is offering its 1.25-acre site in Cambria, California for sale. The property is zoned for multi-family and consists of 7 contiguous parcels. The property has been designed as a 31-Unit, 41 bed assisted living and memory care facility. However, there is no restriction on project type as long as it falls within the allowable uses of the RMF zone. The subject property is uniquely positioned for development in a significantly underserved and affluent market. The community of Cambria-by-the-sea is located on California’s central coast between Morro Bay and San Simeon. Housing in this area is scarce and professionally operated senior housing, specifically assisted-living & memory care is non-existent. It has secured 11.28 EDU’s of water, through prior payment of a water conservation fee. The parcels hold the Number 1 and Number 9 community utilities district’s wait list positions for new water connections. People’s Self-Help Housing also owns zoned property in Cambria, possesses a Will-Serve letter and holds District Wait-List positions for a housing project. They have completed their application for project approval and are preparing to submit and begin the approval process. Broker Jeff King has an ownership interest in this listing.