Oceanside, CA 92028,Address not disclosed
Oceanside, CA 92028,Address not disclosed
Oceanside, CA 92028,Address not disclosed
Oceanside, CA 92028,Address not disclosed
Oceanside, CA 92028,Address not disclosed
Oceanside, CA 92028,Address not disclosed
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$975,000

$997,000

2.2%
Est.Price: ?

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Est. payment /mo

4.75 Acres Lot


SOLD DATE : 07/05/2018

Key Details

Sold Price $975,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Oceanside

MLS Listing ID 180019667

Sold Date 07/05/18

HOA Y/N No

Year Built 1974

Lot Size 4.750 Acres

Acres 4.75

Property Description

Working avocado ranch with well and organic certs. Also appears to have a City of Oceanside legal cannabis cultivation entitlement of up to 20,000 sq ft of greenhouse canopy. (Refer to city ordinance) Cap rates, multiplier, etc not functional in this scenario. Value in the land, tenants want to stay. Farm presently managed, fruit production records available. Well water. Quirky opportunity. Non conforming duplex. Permits questionable. Owner sort of a ‘mad scientist’ type resides elsewhere (see supplment Very private gated hill top acreage . Multiple natural pads, minimal grading. Large solar. Electrical runs to extended portions of property. Owner will carry a first T.D. for the entrepreneur who may have bank issues, provided down payment sizable. City Medical Cannabis ordinance in its infancy, and qualifications (many) subject to modification. http://www.ci.oceanside.ca.us/civicax/filebank/blobdload.aspx?blobid=47018, or for summary: http://www.ci.oceanside.ca.us/services/comms/mmac.asp. This is a highly unusual legal business opportunity duplex on the ground floor of a farm to dispensary movement that requires specialized zoning. Offering is subject to confirmation of written city entitlement (waiting), city permits, and state certification of potential new owners if such an endeavor is pursued. Neighborhoods: South Morro Hills Exterior: Wood/Stucco Other Fees: 0 Sewer: Septic Installed Number of Furnished Units: 0 Topography: ,RSLP,GSL,SSLP

Location

State CA

County San Diego

Area 92028 - Fallbrook

Building/Complex Name SMHA

Zoning AGRICULTUR

Interior

Heating Combination, Electric, See Remarks

Cooling See Remarks

Fireplace No

Appliance Electric Water Heater, Solar Hot Water

Exterior

View Y/N Yes

View Ocean, Panoramic

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Tax ID 1212020100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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California Regional MLS (CRMLS)
Listed by John Linthurst • HomeSmart Realty West
Bought with Daniela Marshall • HomeSmart Realty West

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"REAL" Barkley-Romero

CEO | DRE# SA695240000 | DRE# 02100184

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