Description
Truly a unique & extraordinary property. Six legally permitted units located on 1.67 acres in Olivenhain. Over 6930 sq. ft. of living space set in a tranquil rural location. All units are single story with 2 Bedrooms & 2 Baths plus full kitchens, walk-in closets & private patios.. Each unit has an adjoining carport with additional storage located adjacent. Three of the units have fireplaces. All units are on sewer and are separately metered for SDG&E. Owner covers water & trash. Rental rates vary and are all below current market rate. Beautiful mature landscaping surrounds this uniquely designed mid-century modern structure providing a peaceful serene rural setting. All units have been well maintained but vary in upgrades. Possible uses for this site are endless. Property could be used for a private school, recovery center or elderly care facility. There is also potential for future development. According to the City, the units can be replaced with 6 detached condos which can be sold individually. Affordable requirements can possibly be met by adding 2 ADU's to the project. Adjacent .51 acre parcel accessing off Cole Ranch Road is also available for sale. This parcel has an existing 1" water meter and a sewer lateral already installed. The site is flat and totally useable. Contact agent for a complete package.
Location
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Listing Agent: Kyle Murphy Courtesy of: Coldwell Banker Realty The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 14th August, 2022 3:36 PM (UTC)
