Listed by Chris Lee with Berkshire Hathaway HomeService 888-995-7575

Wonderful opportunity to develop or hold a rare piece of land in Eastside Costa Mesa with simple month-to-month tenancy in place. Lot is zoned C-1, but Residential or Mixed Use zoning is viable if one is to propose a General Plans Amendment, Rezone, and Specific Plans. In 2020, a 9-unit condo passed the General Plan Screening* at the city council - does not equal to entitlement or being shovel ready. All plans have since expired and one would need to bring plans and proposals up to current requirements and code. Please note, it would take 6 months to 3 years to get the entitlements and be shovel ready as each proposal is different. Tenants are on month to month terms. Expired plans can be included in the sale of the property. This is an AS-IS purchase.

*General Plan Screening is a precondition to the entitlement process; the City Council determined the proposal may proceed through the entitlement process. Staff believed the proposed development would provide an opportunity to improve the condition of the site and would provide additional housing in the City. The proposed condominiums were designed to complement the street frontage; however, the site plans would need refinement in terms of parking, design, and open space. The Council voted to move forward, submittal of applications for a General Plan Amendment, Rezone and Specific Plan would be required to process the necessary entitlements. After the General Plan Screening, the project was put on hold due to Covid uncertainties.