552 W Bobier Drive
Multifamily | 15 Units
Marketing description
The subject property is located at 552 W Bobier Drive in Vista, California. The property is right on the border of the City of Oceanside, just south of Guajome Regional Park and west of Vista High School.
The subject property is approximately 1.72 acres. The City of Vista Planning Commission has approved a Tentative Map for 15 Townhomes, and the map is fully vested, locking in development rights under current zoning and fee structures. The proposed density is 8.98 dwelling units per acre, which is under the allowable 10 dwelling units per acre. The Townhomes are large two-story units with private two-car garages, two-car dedicated parking driveways, and private backyards. The community will have a private drive with access off Bobier Drive. The development was designed to minimize improvement costs for existing rock on the property.
While hard rock is present on portions of the site, the engineering design was specifically developed to avoid and minimize disturbance of these areas during grading and development. In addition, a seismic engineer was retained to prepare a site-specific seismic study. The study's findings informed the engineering approach, allowing utilities and infrastructure to be designed around the hard rock conditions, thereby reducing construction complexity and minimizing overall development costs.
Investment highlights
- 1.72 Gross Acres
- 2,300 Square Foot Townhomes w/ Attached & Driveway Parking - Large Backyards
- Reports & Studies Complete - Phase 1 ESA, Geotechnical Report, Cultural Resources Report, ALTA Survey, Hard Cost Estimate, Seismic Study & More
- New Townhome Resale Value in the immediate area range from $845,000 to $925,000
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