Ken Schwartz

$250,000

0 Acres

Pala, California, 92059

Wake up every morning to nearly ten acres of pure possibility, nestled in the hills of Pala, California. This stunning parcel in the exclusive, private gated community of Rancho Heights offers breathtaking panoramic views of rolling hills, oak-studded canyons, and sparkling valley lights a front-row seat to some of Southern California's most spectacular scenery. Rancho Heights is a one-of-a-kind community of fewer than 150 parcels, where wooded valleys of sculpted boulders, seasonal streams, and hilltop vistas stretching all the way to the ocean create a truly unspoiled natural setting. Deer, bobcat, and fox roam freely through the oak and sycamore canyons nature at its finest, right outside your door. The hard work is already done. A large, graded pad sits ready and waiting for your custom dream home, and a few major infrastructure hurdles of raw land development have been cleared, a water meter has been installed and electricity runs directly to the site. And while this hilltop retreat feels like a world away, Rancho Heights sits just minutes from the shopping, dining, healthcare, and entertainment of Temecula. Truly out in the country with all the benefits of city living. 9.44 acres. Panoramic views. Graded pad, water, and power already in place. In one of Southern California's most unique and sought-after private communities, this is where your story begins.

$2,625,000

0 Acres

San Diego, California, 92104

One of San Diego's rarest development opportunities, a permit-approved, shovel-ready site for an 8-story, 70-unit multifamily building in the heart of North Park. Entitlements are secured, architectural plans by Ehrlich Yanai Rhee Chaney Architects are complete, and four occupied residential units renovated in 2023 with new appliances and updated finishes generate $12,885/month ($154,620/yr) in current income while you prepare for construction. The approved project features 70 units averaging ~615 SF (studios, 1BR, 2BR), ground-floor lobby and leasing space, rooftop clubhouse and deck, and 29 underground parking spaces. Projected market rents are supported by comparable properties averaging $4.57/SF with 90%+ stabilized occupancy. At $2,625,000, just $37,500 per approved unit, this assemblage offers compelling value relative to comparable entitled land sales ranging from $69,000 to $115,000/unit. North Park is fully built out with virtually no remaining infill sites of scale. WalkScore of 97. 450,000+ jobs within 15 minutes. Both parcels (APN #446-411-11-00 + APN #446-411-12-00) must be acquired together. Architectural plans and permits for the 70-unit development are available for separate purchase. Inquire with agent for details and pricing.