Atascadero 35
35 partially completed, view oriented townhouse lots at the northwest corner Ranada Circle and Calle Milano. Asking $1,499,000.
LOCATION:
This outstanding property is located at the northwest corner of Ranada Circle and Calle Milano in the City of Atascadero, CA 93422. Access is from Halcon Road and is within the renowned Las Lomas Estates planned community. The marketing window is good. The site is convenient to the City’s commercial core, recreational activities, Highway 101 and about 15 minutes from the City of San Luis Obispo regional employment center.
DESCRIPTION:
The project is called Woodbridge Townhouses; the 3.68+/- acre property is part of the Woodbridge Specific Plan. There are 35 partially completed legal lots with 3 open space lots in Final Tract Map #2608. The lots/pads were graded and enjoy some commanding views. Calle Milano is improved; storm drain inlets have been installed, and underground utilities are either installed in the property or stubbed-out to the boundary. A Homeowner Association will be established to maintain the common area, however to our knowledge there are no special property tax assessments.
PRODUCT:
Six fully designed and approved floor plans (buyer to check on current status) range from 1,600 to 2,060 SF, each with a 2-car attached garage. The layout is 7 buildings with 5 units per building (see Townhouse Product spreadsheet). The project has an affordable housing requirement; the City’s file is available for review.
PRICE:
$1,499,000 ($42,828/Lot); all cash.
COMMENTS:
Atascadero is an excellent housing market; quick market entry/revenue generation is possible.
CONTACT:
Pedro Plascencia
Catherine Stone Real Estate
10 N. Ocean Avenue #112
Cayucos, CA 93430
DRE# 01878543
(805) 234-3956
