Description

ABI Multifamily Inc. is proud to exclusively present the opportunity to acquire 4979-4989 Clearview Way and 7893 El Cajon Boulevard located in La Mesa, California, 91942 (The Property). The two-parcel Property consists of approximately 23,678 (0.54 Acres) square feet of land zoned C-D- MU, allowing for the development of a commercial /residential mixed-use project. Improvements at 4979-4989 Clearview Way consists of 2-units plus one (1) non-conforming unit and a single-family residence located at 7893 El Cajon Boulevard, with total improvements of 4,127 square feet. 4979-4989 Clearview Way and 7893 El Cajon Boulevard consists of two separate owners, however both owners have agreed to sell the properties together at a price of $2,500,000. Number of buildable units for both properties, 23 units by right and 35 units with bonus density. The zoning allows for a maximum building height of 46 feet which would allow for a very high floor area ratio (FAR) type structure to be constructed on the site. The City of La Mesa currently does not have any standards for FAR. The two parcels have frontage on El Cajon Boulevard and Hillside Drive, giving the properties vehicular access from two streets. 7893 El Cajon Boulevard is a potential historic resource, buyer to conduct own investigations.