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Listed by Tim Lopez, DRE #02044550 • Tim Lopez, Broker
$ 450,000
Est. payment | /mo
$ 450,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNDP2503754
Property Sub-Type Other Residential Land
Source California Regional MLS
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 zoning-no 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. It's 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
Location
State CA
County San Diego
Area 92026 - Escondido
Zoning D1,LY
Exterior
Utilities Available Electricity - On Site, Other , Underground - On Site
View Hills, Local/Neighborhood, Panoramic, Pasture
Others
Tax ID 2261305200
Special Listing Condition Not Applicable
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