(949) 789-4555
El Dorado
El Dorado City of Orange
THE OPPORTUNITY
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.
PROPERTY HIGHLIGHTS
- 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:
Thomas Doyle
949.683.3382
Sal Provenza
949.294.6376
Curt Crandall
949.275.6441