El Dorado | Favorable Residential Zone| Irvine, CA

Viñedo PA's 4 and 5

City of Paso Robles

THE OPPORTUNITY

The subject is Planning Area's 4 and 5 within Viñedo, a fully approved 1,233-home master planned community on 279 acres located in Paso Robles. With vesting tentative tract maps approved, backbone improvements being installed and grading completed, this is an ideal project for a homebuilder in need of inventory. Upon acquisition, a buyer can hit the ground running and avoid the arduous process of securing entitlements, only needing to start development of the site. A fairly accurate market study is available in the due diligence folder and provides details about the Paso Robles and San Luis Obispo County market, with supply/demand, pricing and absorption information.

PROPERTY HIGHLIGHTS

Great topographical features and situated next to good neighborhoods, picturesque vineyards, open space and schools.
Located near main arterials and highways without the impact of road noise, the property has quick access to major east-west arterials.
Strong community growth with a strong need for new housing stock to meet the growing demand that is occurring in the market.
City is pro development and looking for residential development to supply needed housing stock.