$500,000
Est. payment /mo
0.58 Acres Lot
Price Dropped by $150K
Leaf Lane Escondido, CA 92026
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2503754
Lot Size 0.580 Acres
Property Sub-Type Lots/Land
Property Description
Unlock a rare opportunity to develop four by-right residential care homes in the heart of Escondido. This 0.58-acre infill parcel (APN 226-130-52-00) is located on a quiet cul-de-sac in the desirable Country Club area and is zoned RS (Residential Single) with a General Plan designation of VR-7.3, allowing up to 7.3 dwelling units per acre. The site supports subdivision into four legal single-family residential lots, each exceeding the 6,000 SF minimum required under current zoningno variances or zone changes needed. Under California Health & Safety Code 1566.3, each new residence may be operated as a licensed 6-bed Residential Care Facility for the Elderly (RCFE) and is treated the same as any single-family home under local zoning. This eliminates the need for conditional or minor use permits, neighborhood approvals, or discretionary planning reviews. Its a by-right path to creating high-demand residential care homes with long-term lease value. This offering is ideal for developers, healthcare investors, or operators looking to build and lease four small-scale assisted living homes. Whether you build and lease to RCFE operators or sell finished homes to end-users in the care industry, the upside is clear. Lease comps for 6-bed RCFEs range from $7,000$12,000/month, depending on amenities, location, and licensing status. With the areas strong senior demographics and limited supply of quality residential care homes, demand remains high. The parcel is gently sloped and highly buildable, with water and sewer available at the street via Vallecitos Water District. Its infill locat
Location
State CA
County San Diego
Direction Just left off of Rock Springs Road from Bennett Ave or right off of Rock Springs Road from Nordahl Road.
Interior
Fireplace No
Exterior
Utilities Available Below Ground, Cable TV, Electric, Natural Gas, Other/Remarks
View Y/N No
Others
Senior Community No
Tax ID 2261305200
Acceptable Financing Cash, Seller May Carry
Listing Terms Cash, Seller May Carry
Listed by Tim Lopez, DRE#02044550 Tim Lopez, Broker
NEARBY SCHOOL & BUSINESS