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2804 S Grade Rd $4,200,000

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    2804 S Grade Rd Alpine, CA 91901

    • 10.52 Acres
    • Land
    • MLS# 220015636SD
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    Views: 25 Days On Market: 56

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    Property Details

    Description Tours

    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.

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    Neighborhood

    91901 (Alpine) Demographics

    41 Median Age
    199 Population Density (per sq. mile)
    43% College Educated
    $93,214 Estimated Median Income
    4,522 Estimated Total Home Owners
    1,628 Estimated Total Renters
    74% / 26% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    17,896 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $815,000 Median Sales Price
    21 Homes Sold
    35 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,200,000
        6/23/2022 5:32:00 AM New in Database Source: Multiple Listing Service New Value: $4,200,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 8/18/2022 9:38:38 PM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.