514 38TH St, Paso Robles, CA 93446 US Paso Robles Home for Sale

514 38TH St, Paso Robles, California

Property Details

Inactive

$490,000

Listing Information

  • MLS: 1043257
  • Bedrooms: 3
  • Baths: 1
  • Partial Baths: 0
  • SQ FT: 1438
  • Lot Size: 1.0101

Property Description

Here is a rare opportunity to acquire a ready-to-build 14 unit Planned Unit Development (PUD), on the Westside! Located at edge of city limits in the N/W corner of Paso Robles, this 1+/- AC site includes all entitlements, full construction docs AND ready to pick up permits for 14 Spanish style townhouse units. Extensive design consideration & attention was given to this project, which yields a very attractive finished product in an already strong entry-level market. No inclusionary housing requirements! And the city fees to pick up the approved permits are based on lower rates than are currently available. Existing 3 bedroom home provides a solid income source ($1,100/mo) until you break ground. Not looking to do a residential development?! Consider resubmitting for approvals on a high density multi-family project? Build to keep, or possibly sell off new 3-plex or 4-plex buildings.or as MF lots! (the Multi-family market is HOT!) Offered at only 35K/residential unit land cost (x 14).

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Contact Information

Real Team 360
RE/MAX Parkside Real Estate - BRE #01421338
1213 Vine Street
Paso Robles CA 93446
Office: (805) 238-1555