The ±4.4-acre El Dorado property offers builders and developers an
opportunity to purchase a large infill site with some time to secure approvals for a new home community. Based on preliminary feedback from city staff, the city supports a redevelopment in compliance with the existing single family detached home zoning.
The project could yield up to 26 units at 6.2 DU/acre without a density
bonus. This product would be for-sale single family detached homes. The
project could yield up to 44 units when the State Density Bonus Law is
utilized but the developer would need to include some affordable housing
to secure the 35% density bonus. Based on recent market and financial
analysis, the 44-lot project is the highest and best use for this site.
Rare large infill site in central Orange County
Favorable residential zoning for single family detached homes
Seller is willing to provide some time to process approvals
Strong socioeconomic demographics in this submarket
Lack of new home supply drives new home demand and pricing
EXCLUSIVELY LISTED BY: