440 W Los Angeles Dr Vista, CA 92083

• July, 2024

• Jul 5, 2024

  Date

  Canceled

  CRMLS: 240012672SD

  $700,000

  Price

• Jun 5, 2024

  Date

  Active

  CRMLS: 240012672SD

  $700,000

  Price

• Listing provided courtesy of CRMLS

  Options to explore with YOUR team of planners, architects, engineers, general contractors, and city officials. This is NOT a recommendation to any and all courses of action: Scenario #1. Keep the existing home in place and developing (1) detached ADU. -Propose a 1,200 sq ft single-story ADU. Scenario 2. Propose a redevelopment project by combining both lots to maximize unit count. The new combined lot size will be approximately 20,474 sq ft. Based on the base zone calculations, the site is allowed total of (7) units. Scenario 3: State Density Program -Propose a redevelopment project by taking advantage of the State Density Bonus Law. By applying for very low income on 15% of the base zone units, and 15% of moderate-income units, the project will be allowed an additional 100% density base zone allowing a total of 14 units. Keeping the existing home in place and developing (1) detached ADU.• Propose a 1,200 sq ft single-story ADU. o We strongly recommend maximizing the size of the ADU due to the lot size easily able to support this type of development. o The project will comply is all base zone setbacks. o The project will comply with the lot coverage requirements. o The development will have development impacts fees per square foot exceeding 750 sq ft. Propose a redevelopment project by combining both lots to maximize unit count. The new combined lot size will be approximately 20,474 sq ft. Based on the base zone calculations, the site is allowed total of (7) units. Note there are several base zone requirements that the city of Vista will demand. The following requirements are: • 125 SF of common area for each bedroom • 100 SF of private open space for each ground floor unit • 160 CF of storage per unit • Base zone parking requirements. Further Feasibility Analysis from a licensed architect will be required to determine unit count size, parking ratio, and location of above common / private area. Scenario 3: State Density Program Propose a redevelopment project by taking advantage of the State Density Bonus Law. By applying for very low income on 15% of the base zone units, and 15% of moderate-income units, the project will be allowed an additional 100% density base zone allowing a total of 14 units The calculation as follows: Density Bonus Calculation: Base zone density of lot (7 units) x (100% density Bonus) = 14 units. Additional Incentives: The State Density Bonus Program will also allow for (3) developer incentives to reduce the base zoning requirements noted previously. Use 1 incentive to reduce common area, 2nd to add 3rd story to achieve the 14-unit count, 3rd to reduce a setback. This will eliminate the majority of the issues complying with base zone requirements. Site Development Permits: For both redevelopment scenarios, the project will trigger a Site Development Permit process which is required for any project with 5 or more units. The process will involve at least 2 public hearings w/ planning commission. This will increase the time and cost for permit approval due to the development being subject to a discretionary review. Based on our recommendation, Scenario 3 would be the highest & best use for future development for both sites. Even though the project is subject to full entitlement / discretionary review, the density bonus and incentives provided through the state program justifies maximizing the total unit count for the combined lot.

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• July, 2024

• Jul 5, 2024

  Date

  Canceled

  CRMLS: 240012668SD

  $700,000

  Price

• Jun 5, 2024

  Date

  Active

  CRMLS: 240012668SD

  $700,000

  Price

• Listing provided courtesy of CRMLS

  Options to explore with YOUR team of planners, architects, engineers, general contractors, and city officials. This is NOT a recommendation to any and all courses of action: Scenario #1. Keep the existing home in place and developing (1) detached ADU. -Propose a 1,200 sq ft single-story ADU. Scenario 2. Propose a redevelopment project by combining both lots to maximize unit count. The new combined lot size will be approximately 20,474 sq ft. Based on the base zone calculations, the site is allowed total of (7) units. Scenario 3: State Density Program -Propose a redevelopment project by taking advantage of the State Density Bonus Law. By applying for very low income on 15% of the base zone units, and 15% of moderate-income units, the project will be allowed an additional 100% density base zone allowing a total of 14 units.

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• September, 1999

• Sep 8, 1999

  Date

  Sold (Public Records)

  Public Records

  --

  Price

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