11 E Laurel Drive Salinas, CA, 93905
$ 1,700,000Bedrooms Baths0.0 Sq 334,105
for $1,700,000. This 334,105 square foot property was built on a lot size of 7.67 Acre(s).
11 Hill Circle is approved for a 53 Unit Housing Development project. This approval and expiration has been extended to April 17th, 2018 to begin construction. Project is marginally profitable. City has indicated a willingness to increase density to 85-90 units apartment project or more. Redesign to a traditional apartment project is possible with 2-3 buildings on part of the property. Ideal for affordable or subsidy, low income, or senior housing. Maps, City CUP paperwork for prior project, and Environmental & Soil Reports are available. Call for more information.
Exterior* Excluded Features
Road Frontage City Street Paved
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Lots and land listings in Salinas, CA
Average List Price $1,632,968
Percent of Sale Price 4 %
About Salinas, CA
3 % Since 2002
$ 50,139 Median Income
30.96 Median Age
47 % Households with Children