10270 Riverford Rd, Lakeside, CA 92040 | 190052102 | Willis Allen Real Estate

10270 Riverford Rd $2,300,000

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    10270 Riverford Rd Lakeside, CA 92040

    • 12.00 Acres
    • Commercial Sale
    • MLS# 190052102
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    Views: 54 Days On Market: 156

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    Property Details

    Secure 2019 pricing on this 20 lot subdivision: 7500-14000 sf lots. Adjacent to Paseo Park (77 homes built in 1986 ranging from 1100-1550 sf commanding $525000 plus). (see pics)****Tentative map encompasses level portion of 12 acres with hillside dedicated as mitigated.**** Price includes tentative map final (est May, 2020) ****Engineering improvements estimated at 1.2M.****Projected profit $1.5-$2M prior to buildout.*****Seller may consider financing options based upon the strength of buyer and down payment.**** Existing tenant occupied home suitable for financing during the development process. ********************************************************************************************************************** All figures are estimated based upon current market conditions at time of listing. Buyer not to rely upon broker's marketing speculation and to perform their own due diligence prior to closing.

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    Neighborhood

    92040 (Lakeside) Demographics

    37 Median Age
    673 Population Density (per sq. mile)
    30% College Educated
    $66,960 Estimated Median Income
    9,315 Estimated Total Home Owners
    5,477 Estimated Total Renters
    63% / 37% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    43,191 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $511,500 Median Sales Price
    12 Homes Sold
    101 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,300,000
        9/20/2019 5:48:00 AM New in Database Source

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        Based on information from California Regional Multiple Listing Service, Inc. as of 2/23/2020 9:17:32 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.