501 Ocean Bluff Way - R57 Zoned Acreage
7.27 Acres of Residential Land in Encinitas, CA 92024
INVESTMENT HIGHLIGHTS
- 4 legal parcels totaling approximately 7.27 acres
- Zoning allows up to 18 lots without density bonus
- Zoned R3 and RR2
- Average home values in the immediate vicinity exceed $2,700,000
EXECUTIVE SUMMARY
The subject property is currently vacant land consisting of four legal parcels and totaling approximately 7.27 gross acres. Once built, the homes can offer residences ocean, and mountain views. The surrounding area consists of single-family residences, retail, and business centers.
OFFERS DUE MARCH 31ST, 2022
OFFERS DUE MARCH 31ST, 2022
PROPERTY FACTS In Escrow
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Hold For Development |
| Total Lot Size | 7.27 AC |
1 LOT AVAILABLE
Lot
| Lot Size | 7.27 AC |
DESCRIPTION
The subject property is located at 501 Ocean Bluff Way in Encinitas, CA. It is located along the south side of Encinitas Blvd and less than a mile east of I-5.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $2,651,121 | Total Assessment | $2,651,121 |
ZONING
| Zoning Code | R3, RR2 |
