Unique Gem within an Opportunity Zone, with views of Robles Park & Lake. Value is in the Land but current structures can be utilized depending on final use. Currently rezoned to Commercial Health to accommodate for an 87 bed ALF (Assisted Living Facility), but it can be rezoned back to multifamily of Mixed Use 35 should that be desired.
Commercial use such as shopping plaza or storage units are also possible. This parcel can be the following: - ALF 87 beds - Multifamily 30 dwellings - Mixed Used 30 units (commercial and residential total) - Townhomes 18+ units over 2 lots, zoned to multi family residential, a higher density multi family is also possible is SB102 is implemented, shopping plaza or storage units are also possible
Listing price includes 414 and 418 E Emily St which is included in sale. Pictures are available for illustration . Lots of potential and opportunity here sale.
Pictures are for illustration only. Lots of potential and opportunity here. Accuracy of all information deemed reliable but not guaranteed and should be independently verified.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $679 | $679 | $679 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,972 | $12,806 | $17,560 |
Total Monthly Payment | $13,776 | $13,610 | $18,364 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.