Half Moon Bay,, CA 94019

Facts

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Development opportunity of approx. 4.5 acres, near the quaint seaside city of Half Moon Bay, to build 40 homes in a priority infill subdivision. Lot sizes vary between 5000 sf to 7500 sf. Zoned R1-B2, most lots have Exceptional Status & can use R-1 zoning regulations. Entitlements include: 22 Measure A growth allocations, 15 CCWD water connections, 40 paid up sewer assessments. Properties also have potential for additional dwelling units (ADUs). Note that the owner recently received a Coastal Development Permit for 100ft of street extension of Grandview Blvd to build a 4 Bed, 3 bath, 2500 sf house. The next step would be submittal and approval of plans & an environmental report for construction of houses & infrastructure: curb, sidewalk, gutter, paving & underground utilities. Seller is open to Carryback Financing. This subdivision is a short distance from the local high school, shops & restaurants, Pillar Point Harbor, the Coastal Trail & commute routes to SF & Silicon Valley.