2804 S Grade Rd, Alpine, CA 91901

$4,200,000
List Price
$4,200,000
Status
ACTIVE
MLS#
220015636SD
Lot Size
458,251
Acres
10.52
Lot Location
Level
Days on Market
55
Property Type
Land
Neighborhood
East San Diego

Property Description

This hidden property has only previously been a pocket listing and is now public for the first time in years, it will go fast! This property is beautiful and has multiple opportunities. 10.5 acre, flat-terrain, residential lot in Alpine, located in an excellent location in the heart of Alpine, close to shops, restaurants, & schools. Includes a gorgeous private olive grove consisting of 400, 100-year-old Mission olive trees from Israel. A high yielding well, septic tank and a vineyard license. It’s also right next to Wright’s Field, a 98 acre park that the county of San Diego has announced it’s developing into a community park. Want to develop? If this is not enough, there is a project development study, which has already been pre-commissioned & much of it is completed, this outlays the feasibility of parceling-out the lot to include multiple options: of 11 full 1 acre lots, 11 lots while keeping rental properties and olive grove or a larger map of 26 detached homes, each with 3,000 sqft of living space, sitting on lots of 15,000 sqft each. Presently, 90% of the entire 10.5-acre lot is open, flat land with the remaining 10% containing three small residential properties and a stable, generating over $7,000/month in rental income. The opportunities are endless. 2804 S Grade Road presents a very unique, beautiful and even potentially a very profitable buying opportunity for the savvy investor.

Additional Information

Attached Structure
Detached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Amber Anderson from Listing Office: Pacific Sotheby's Int'l Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.