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SENIOR LIVING OR LUXURY CONDO DEVELOPMENT · 2019. 6. 12. · SENIOR LIVING OR LUXURY CONDO...

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Each Office Independently Owned and Operated kwcommercial.com KW COMMERCIAL 4700 Spring Street #180 La Mesa, CA 91942 We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. TONI-DIANE DONNET Broker 0: 619.469.0700 C: 619.549.8072 [email protected] CA DRE# #01848593 Broker - CA DRE# #120623 Attorney CHRISTOPHER PARRINO, ESQ. Senior Associate O: 619.308.6860 [email protected] CA DRE# #01938322 OFFERING SUMMARY SALE PRICE: Negotiable LOT SIZE (APPROXIMATE): 5.64 Acres ZONING: RD-M-Q PROPERTY OVERVIEW This unique development site in the City of Carlsbad is available for sale. With views of the Pacific Ocean, Agua Hedionda Lagoon, and the rolling hills of Carlsbad, the location is picturesque. The Owner believes that the highest and best use would be condos or a senior living community, which is permitted under the zoning. A viable building envelope over 100,000 square feet has been established, which addresses the City’s requirements for engineering, geology, parking, setbacks, hillside ordinance, and architectural guidelines. Extensive geological testing has been performed numerous times, and geological structure documented for the Habitat Management Plan. The Property is independent of the adjacent the property and HOA. The Owner is the original developer of the adjacent property, so the zoning, EIR, engineering and other macro entitlements have been addressed with the adjacent HOA's approval. Major infrastructure and utilities have been paid for and constructed to site’s boundary in reliance on macro entitlements for this site. The land is currently unentitled so a Buyer will need to resubmit all Habitat Management Plan documentation, which the Seller can provide. The Seller can provide his renderings for a 23-unit luxury multi-family development. PROPERTY HIGHLIGHTS Breathtaking views of the ocean and lagoon. Property can be subdivided into two lots; the smaller upfront and the larger in the back Hemingway Drive, Carlsbad, CA 92008 SENIOR LIVING OR LUXURY CONDO DEVELOPMENT FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING
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Page 1: SENIOR LIVING OR LUXURY CONDO DEVELOPMENT · 2019. 6. 12. · SENIOR LIVING OR LUXURY CONDO DEVELOPMENT FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING. Each Office Independently

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL4700 Spring Street #180La Mesa, CA 91942

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

TONI-DIANE DONNETBroker0: 619.469.0700C: [email protected] DRE# #01848593 Broker - CA DRE# #120623 Attorney

CHRISTOPHER PARRINO, ESQ.Senior AssociateO: [email protected] DRE# #01938322

OFFERING SUMMARY

SALE PRICE: Negotiable

LOT SIZE (APPROXIMATE): 5.64 Acres

ZONING: RD-M-Q

PROPERTY OVERVIEWThis unique development site in the City of Carlsbad is available for sale. With views of the Pacific Ocean, Agua HediondaLagoon, and the rolling hills of Carlsbad, the location is picturesque. The Owner believes that the highest and best use would becondos or a senior living community, which is permitted under the zoning.

A viable building envelope over 100,000 square feet has been established, which addresses the City’s requirements forengineering, geology, parking, setbacks, hillside ordinance, and architectural guidelines. Extensive geological testing has beenperformed numerous times, and geological structure documented for the Habitat Management Plan.

The Property is independent of the adjacent the property and HOA. The Owner is the original developer of the adjacent property,so the zoning, EIR, engineering and other macro entitlements have been addressed with the adjacent HOA's approval. Majorinfrastructure and utilities have been paid for and constructed to site’s boundary in reliance on macro entitlements for this site.

The land is currently unentitled so a Buyer will need to resubmit all Habitat Management Plan documentation, which the Sellercan provide. The Seller can provide his renderings for a 23-unit luxury multi-family development.

PROPERTY HIGHLIGHTS• Breathtaking views of the ocean and lagoon.

• Property can be subdivided into two lots; the smaller upfront and the larger in the back

Hemingway Drive, Carlsbad, CA 92008

SENIOR LIVING OR LUXURY CONDO DEVELOPMENT

FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING

Page 2: SENIOR LIVING OR LUXURY CONDO DEVELOPMENT · 2019. 6. 12. · SENIOR LIVING OR LUXURY CONDO DEVELOPMENT FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING. Each Office Independently

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL4700 Spring Street #180La Mesa, CA 91942

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

TONI-DIANE DONNETBroker0: 619.469.0700C: [email protected] DRE# #01848593 Broker - CA DRE# #120623 Attorney

CHRISTOPHER PARRINO, ESQ.Senior AssociateO: [email protected] DRE# #01938322

Hemingway Drive, Carlsbad, CA 92008

SENIOR LIVING OR LUXURY CONDO DEVELOPMENT

FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING

Page 3: SENIOR LIVING OR LUXURY CONDO DEVELOPMENT · 2019. 6. 12. · SENIOR LIVING OR LUXURY CONDO DEVELOPMENT FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING. Each Office Independently

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL4700 Spring Street #180La Mesa, CA 91942

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

TONI-DIANE DONNETBroker0: 619.469.0700C: [email protected] DRE# #01848593 Broker - CA DRE# #120623 Attorney

CHRISTOPHER PARRINO, ESQ.Senior AssociateO: [email protected] DRE# #01938322

Hemingway Drive, Carlsbad, CA 92008

SENIOR LIVING OR LUXURY CONDO DEVELOPMENT

FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING

Page 4: SENIOR LIVING OR LUXURY CONDO DEVELOPMENT · 2019. 6. 12. · SENIOR LIVING OR LUXURY CONDO DEVELOPMENT FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING. Each Office Independently

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL4700 Spring Street #180La Mesa, CA 91942

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

TONI-DIANE DONNETBroker0: 619.469.0700C: [email protected] DRE# #01848593 Broker - CA DRE# #120623 Attorney

CHRISTOPHER PARRINO, ESQ.Senior AssociateO: [email protected] DRE# #01938322

POPULATION 1 MILE 2 MILES 3 MILES

Total population 5,477 26,307 66,462

Median age 40.1 40.8 41.1

Median age (Male) 39.1 40.1 39.8

Median age (Female) 41.0 41.2 42.2

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 2,142 10,432 27,028

# of persons per HH 2.6 2.5 2.5

Average HH income $106,776 $108,037 $97,457

Average house value $721,126 $683,236 $624,815

* Demographic data derived from 2010 US Census

Hemingway Drive, Carlsbad, CA 92008

SENIOR LIVING OR LUXURY CONDO DEVELOPMENT

FOR SALE: LAND DEVELOPMENT FOR CONDOS AND/OR SENIOR LIVING


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