2354 Road 20

San Pablo CA 94806

45302 sq. ft.

Land

Currently for sale - view listing

Overview

Rare 64-unit development opportunity in San Pablo planning approval. The 1.04 acre parcel is entitled for 50 1bd/1bth and 2bd/2bth units, six 3bd/2bth affordable housing units, and eight studio units. This is an excellent opportunity for a developer to capitalize on an established San Pablo market near Contra Contra Costa College, College Center, and popular Lytton Casino. Annual income for the property once fully leased should be approximately $1,694,640 making this a safe and profitable investment. Seller financing is available with excellent terms. There is a structure currently on the property so utilities are already on-site. Attractive San Pablo location surrounded by residential homes with clear pride of ownership. The property is walking distance to Contra Costa College and Helms Middle School and is around the corner from College Center that offers a variety of restaurants, coffee shops, and shopping options.