Listed by Coldwell Banker Realty Aptos, Global Commercial
$3,350,000
2740 MATTISON LN SANTA CRUZ CA 95065-1919
Details
APN 025-211-02
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Residential
Acreage 2.750
Zoning RM-6
Investment Type Owner/User
Ground Lease No
Approved Tentative Map - Santa Cruz Mid-County Residential Sub Division
Marketing description
POSSIBLY THE BEST LAND DEAL IN SANTA CRUZ COUNTY: Approved Tentative Map, 10-Unit Development with a potential High-Density RHNA Housing Element Upside.
Attention Developers, General Contractors, & Land Bankers: Secure a rare, Tentaive Map Approved building opportunity in a severely supply-constrained coastal market. This 2.5-acre parcel offers a total land cost of just $335K per lot, delivering almost immediate build-ability alongside explosive high-density redevelopment potential.
Two Lucrative Execution Strategies
Strategy 1: Build the Approved Tentative Map Project Almost Immediately
- Includes Plans: Approved for eight (8) premium 2,800+ sq. ft. single-family homes and one (1) duplex (10 high-value units total).
- The "Link-Detached" Advantage: The 8 single-family homes are all 2-story, 4-bed, 3.5-bath floor plans sitting on individual lots. They are legally attached via a common garage party wall only, offering buyers a highly marketable, fully detached living experience with premium privacy.
- Infrastructure Ready: building sites with direct infrastructure access are nearly extinct in Santa Cruz County—this site eliminates years of pre-development risk.
Strategy 2: Leverage RHNA for Maximum Density Upside (Land Banking)
- The Housing Element Windfall: Santa Cruz County’s massive 6th Cycle Regional Housing Needs Allocation (RHNA) quota has left the county starving for units.
- Unmatched High-Density ROI: This RM-6 zoned site could be a prime candidate for an even higher-density housing play. Park your money, capture increasing land appreciation, or redesign the site plan to maximize your footprint and explode your internal rate of return (IRR).
Investment highlights
- Total Acreage: 2.5 Acres - level
- Lot 1 APN 025-211-02 and Lot 2 APN 025-211-07
- Zoning: RM-6 (Multi-Family Residential)
- Approved Footprint: 8 Premium Link-Detached Homes + 1 Duplex (10 Units Total)
- Price Breakdown: Just $335,000 per lot footprint.
- Commuter’s Dream: Instant, effortless access to Highway 1 for smooth regional commuting.
- Medical & Retail Hub: Located down the street from Dominican Hospital, essential medical services, and premier shopping centers.
- Coastal Lifestyle: Minutes away from Santa Cruz's world-class local beaches, dining, and vibrant personal services.
Listing Contacts
Listed by Coldwell Banker Realty Aptos, Global Commercial
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