San Marcos, CA 92069,841 Saint Paul Dr
San Marcos, CA 92069,841 Saint Paul Dr
San Marcos, CA 92069,841 Saint Paul Dr
San Marcos, CA 92069,841 Saint Paul Dr
San Marcos, CA 92069,841 Saint Paul Dr
San Marcos, CA 92069,841 Saint Paul Dr
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$1,300,000

$1,400,000

7.1%
Est.Price: ?

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Est. payment /mo

1.29 Acres Lot


SOLD DATE : 07/03/2024

Key Details

Sold Price $1,300,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision San Marcos

MLS Listing ID 240002420SD

Sold Date 07/03/24

HOA Y/N No

Lot Size 1.290 Acres

Property Description

4 Individual Legal Parcels (4 APNs) ranging from 12,000+ to 18,000+ SQFT with approved Grading, Improvement Plans, and Completed Building Plans ready for submittal. Perched atop the picturesque San Marcos Hills, 841 St. Paul Dr. beckons as a premier development opportunity in San Marcos, CA. Spanning 1.3 acres, this distinguished property boasts entitled land with an approved Parcel MAP for 4 individual lots (4 APNs), approved Grading, and Improvement Plans. With Building Plans drawn up for 4 luxury homes ready for submission to the County, this expansive canvas invites discerning investors to explore two compelling development options. Whether envisioning a collection of four luxury contemporary homes with sweeping views or pioneering a Build to Rent (BTR) community with 12 to 16 rental units, the possibilities are as vast as the landscape itself. 1) Build 4 luxury contemporary modern homes: Plans ready to submit for 4 homes (3925 sf each), including the main house, attached ADU, plus a two-car garage Price range: $1.5-$1.7m each, total exit value $6.0m to $6.5m Beautiful views of San Marcos hills and greens, adjacent to a park in a 19-home enclave 2) BTR (Build to Rent) community: Use Modular or site-built 12 to 16-rental units Rental prices: $2800-$4000 per unit, responding to the demand for single-family rentals Offer: $1.4M for all 4 lots or individual lot sales possible (Approved Grading & Improvement plans are for the entire site)

Location

State CA

County San Diego

Area 92069 - San Marcos

Zoning R-1

Interior

Fireplace No

Exterior

Fence Partial

Utilities Available Natural Gas Available

View Y/N Yes

Present Use Residential

Building

Lot Description Level

Others

Senior Community No

Tax ID 2281303200

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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California Regional MLS (CRMLS)
Listed by Alexander Ciullo • Pacific Sotheby's Int'l Realty
Bought with Sam Ho • HomeSmart Realty West
agent-avatar

+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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