8740 Bruceville Road
Property Description
Laguna Miral is a fully entitled multifamily development site offering 125 approved market-rate apartment units on approximately 3.8–4.1 acres. The project has cleared Design Review and carries OB-PUD zoning under the Laguna Meadows Planned Unit Development. The approved program calls for five 3-story Type V residential buildings, one 2-story amenity/leasing building, and 174 on-site surface parking spaces at a density of approximately 33 DU/acre. There is no below-market-rate (BMR) requirement and no retail component, making the development program financially straightforward. The entitlement package is complete, saving a buyer significant time and cost. Key remaining obligations include full frontage improvements along Bruceville Road, a 40-foot light rail Irrevocable Offer of Dedication (IOD), potential sewer upsizing subject to flow modeling, and payment of park impact fees and district obligations.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Lot Size: | 3.81 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
QOZ Development Opportunity with Future Tier 2 CCH
San Diego, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout