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29348268
29350336

11041 Summit, Santee, CA 92071

PM
CA 01967517 CA
Radius Agent DRE
Listed by Radius Agent DRE
$1,590,000
134 days on market
Updated 9 days ago

Santee

Details
APN 3781800800
Property Type Land
Sub Type Lots/Land
Square Footage 2,589
Units 2
Price per SqFt $614
Price Per Acre $862,069
Broker Co-Op Yes
Year Built 1963
Buildings 1
Stories 1
Acreage 2.320
Zoning R-7
Ownership FEE SIMPLE

Land | 2.32 acres

Marketing description

Build up to 32 units! 2.32 acres zoned R-7 allowing for 7-14 units per acre to be built. Property already features a large 3 bedroom/2 bathroom single family residence with large kitchen, 2 extra large rec rooms and a pool. This property is the absolute best of both worlds, live in a country-esque environment while only being minutes from shopping centers and freeways. Fell good knowing you can make this home exactly how you want with your own touches all while knowing you have an incredible growing value in the land you live on. Property features fully owned solar, upgraded electrical panel and new roof on main house, all only 2-3 years old. Home is extremely spacious with interior dimensions measuring approximately 2589 sqft. Property shows as 2 units on tax records. Parcel was approved for up-zoning to R-7 by the City of Santee as part of the 6th Cycle Housing Element. R-7 Zoning allows for 7 to 14 units per gross acre. It is a Medium Density Residential General Plan designation. Per the city's zoning, the R-7 zone "is intended for a wide range of multiple family residential development types including detached units in planned residential development at the lower end of the density range and attached units at the higher end of the density range." Maximum lot coverage is 55 prcnt, maximum height is 35 feet/three stories, and there is no minimum lot size.

Investment highlights

  • Up to 32 Unit R-7 Development Opportunity

  • 2.32 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity.

  • R-7 Zoning allows for 7 to 14 units per gross acre.

  • Santee is in demand for more New Construction Housing Communities. Property is in close proximity to in demand housing developments.

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Listing Contacts

PM
CA 01967517 CA
Radius Agent DRE
Listed by Radius Agent DRE

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Additional Information

Name
Pamela Macias
License
01967517 CA
Brokerage
Radius Agent
Brokerage Phone
6198202454
Title
Real Estate Sales Person
Brokerage Address
962 Alvin Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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