Excellent development opportunity! Zoned as R-3-23. Plans have been submitted to the city to build 10 townhomes on this flat rectangular 20,000 SF lot, which has had a 1886 SF 3 bed / 2 bath house. Sellers are helped by experienced professionals in the entitlement process and drawings and the entire team will be given to the new owners. At almost 1/2 acre, this is one of the largest single pieces of high density land ever sold on Central. Nearby, new condos have recently been built and sold well over $1.1-$1.2 million each. The house is currently being rented, so it will help with cash flow while you complete entitlement. The house makes financing possible, but the biggest value is the nicely shaped land, being close to Facebook and other major employers, easy access to highway 880 and 84, and ACE train station, and multiple corporate buses at that station. The home is being occupied by tenants, so please do NOT disturb the residents there. Showing by appointments only.
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