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11 Hill Cir 7.51 Acres of Residential Land Offered at $2,736,681 CAD in Salinas, CA 93905
Executive Summary
Near-entitled infill development opportunity. The subject property consists of approximately 7.63 acres across two legal parcels, planned for a 37-lot single-family residential subdivision. The approved development program includes 37 detached homes, all 3-bedroom, 2-bath, with floor plans. ranging from, 1,150 to 1,350 square feet, w/ garages.
The project is substantially through the entitlement process. An MND was completed, a full EIR was not required, and public hearings have been conducted. The final map has been approved and is ready to record, subject to posting of performance bonds. Plans are in final updates to current code standards. Proposed improvements include full horizontal development: grading, private roads, curb and gutter, sidewalks, underground utilities, storm drainage, and engineered retaining walls.
The site benefits from strong frontage, good access, and an established surrounding residential neighborhood. Seller financing available, call for details.
The project is substantially through the entitlement process. An MND was completed, a full EIR was not required, and public hearings have been conducted. The final map has been approved and is ready to record, subject to posting of performance bonds. Plans are in final updates to current code standards. Proposed improvements include full horizontal development: grading, private roads, curb and gutter, sidewalks, underground utilities, storm drainage, and engineered retaining walls.
The site benefits from strong frontage, good access, and an established surrounding residential neighborhood. Seller financing available, call for details.
Property Facts
| Price | $2,736,681 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| Sale Condition | Distress Sale | Total Lot Size | 7.51 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R-L-5.5 - Residential | ||
| Price | $2,736,681 CAD |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 7.51 AC |
| Opportunity Zone |
Yes |
| Zoning | R-L-5.5 - Residential |
1 Lot Available
Lot
| Price | $2,736,681 CAD | Lot Size | 7.51 AC |
| Price Per AC | $364,404.86 CAD |
| Price | $2,736,681 CAD |
| Price Per AC | $364,404.86 CAD |
| Lot Size | 7.51 AC |
Rectangle, accessible from three side.
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 004-601-066-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,508,808 CAD | Total Assessment | $1,508,808 CAD |
Property Taxes
Parcel Number
004-601-066-000
Land Assessment
$1,508,808 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,508,808 CAD
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11 Hill Cir
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