Exceptional Development Opportunity – Mixed-Use + Residential
This rare offering consists of five parcels (APNs) and/or 8 lots currently in the entitlement process, presenting the flexibility to pursue the project as a complete package or to split off the residential component. The plan envisions mixed-use development across four standard lots, complemented by four additional well-positioned residential lots.
? Residential Parcels: APNs 10, 11, and 12 (approx. 11,750 SF combined)
? Mixed-Use Parcels: APNs 12, 13, and 16 (approx. 11,888 SF combined)
The entitlement process is well underway, with initial City comments already received and responses pending. Estimated timeline to approval is 6–9 months, offering investors and developers a near-term path to execution. Entitlement costs now exceed $300,000.
Current tenants are on month to month with a total of $215,520 gross income to assist in carrying costs.