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$ 3,800,000
$ 4,550,000 16.5%
Est. payment /mo
Sold on 05/12/2025
10939 Summit Avenue Santee, CA 92071
4.65 Acres Lot
UPDATED:
Key Details
Sold Price $3,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230004634SD
Lot Size 4.650 Acres
Property Description
4.65 Acre R-7 Housing Community, Townhome, or Multifamily Development Opportunity. Parcel was recently 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 code, 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%, maximum height is 35 feet/three stories, and there is no minimum lot size. NEW CONSTRUCTION COMMUNITIES IN DEMAND! Property is located in close proximity to in demand housing development communities such as Mastercraft Residential's Walker Trails, Summit Santee's Noble Way, Pardee Homes' Castlerock, Kb Homes' River Village and townhome/condominium development communities such as Presidio Cornerstone's Laurel Heights, Pardee Homes' Weston, City Ventures' Caribbean Way, Kb Homes' Prospect Fields, and William Lyon Homes' Riverview, just to name a few. Recent New Construction Community Home sales boast a closing range between $905,500 and $1,300,000. Recent New Construction Townhome/ Condominium Communities boast a sales closing range between $738,000 and $964,000.00 PRICE & TERMS: All offers will be considered. Suggested due diligence period is 60 days. Offers contingent upon entitlement may be considered. Currently improved with one 3 bedroom/2 bathroom, 1,288 squarefoot single-family residence, large detached garage, and one mobile home, located on site. The property is currently owner occupied with no tenant occupancies. DO NOT ENTER PROPERTY OR DISTURB RESIDENTS. All tours must be coordinated with Pamela Macias from Radius Agent.
Location
State CA
County San Diego
Area 92071 - Santee
Zoning R-7
Exterior
View Y/N Yes
Building
Lot Description Level
Listed by Pamela Macias • Radius Agent Realty
Bought with Out of Area Agent • Out of Area Office
Bought with Out of Area Agent • Out of Area Office