$485,000

Rare North Escondido infill development opportunity with newly identified small-lot subdivision potential. Located at 0 Leaf Lane (APN 226-130-52-00), this ±0.58-acre / ±25,000 SF parcel is zoned RS (Residential Single) with a Village Residential VR-7.3 General Plan designation in the established Country Club area of North Escondido. In addition to the property's previously identified conventional residential subdivision potential, preliminary review of San Diego County SB 1123 / SB 684 mapping indicates this parcel may qualify for the State's streamlined ministerial small-lot subdivision provisions. For qualifying vacant single-family residential properties, SB 1123 / SB 684 may provide a pathway for subdivision into up to 10 residential lots and development of up to 10 residential units, subject to statutory requirements, objective development standards and County approval. County guidelines allow newly created parcels as small as 1,200 SF for qualifying projects. This creates a potentially significant development opportunity beyond the property's original lower-density concept. A developer may evaluate configurations ranging from a conventional residential subdivision to a higher-yield small-lot project. Actual lot yield will depend upon engineering, access, fire requirements, utilities, easements, grading, drainage, site design and applicable County standards. The residential zoning may also provide an opportunity to evaluate small residential care facilities, subject to applicable California law, County requirements and State licensing. This could create additional flexibility for residential care operators, builders and specialized housing developers. The parcel offers gently sloping topography with an elevated portion that may provide view potential. Water and sewer are reported available in the area through Vallecitos Water District. Buyer to independently verify availability, capacity, connections and fees. Located on a quiet cul-de-sac near Twin Oaks Golf Course, Palomar Medical Center, shopping, schools, I-15 and Highway 78, the property provides an attractive North County infill location surrounded by established residential development. Offered at $485,000. An excellent opportunity for builders, developers, residential care operators or investors seeking a manageable infill project with multiple potential development strategies and substantial upside. All development concepts and lot counts are preliminary. Seller and broker make no representation or warranty regarding final subdivision approval, lot/unit yield, SB 1123 / SB 684 eligibility, residential care use, utility capacity or development costs. Buyer to independently verify all zoning, subdivision, allowable-use and development feasibility with the County of San Diego and applicable agencies.