Development opportunity for 3 single family home subdivision. Seller has Tentative Map Approval for 3, 10,000 sqft. lots. Currently there is a duplex built in 1952 that is tenant occupied on site. Value is in the land and the ability to subdivide into 3 separate lots. Good mountain view from the lot. There are new construction homes in the area that range from approximately $580,000 to $780,000. The value benchmark has been improved by the recent new development in the area. Check with City of Vista Planning Department for additional information.
|