MLS® ID: ML81693981
11 Laurel Drive
Salinas, California, 93905 $1,700,000
11 Hill Circle is approved for a 53 Unit Housing Development project. This approval and expiration has been extended to April 17th, 2018 to begin construction. Project is marginally profitable. City has indicated a willingness to increase density to 85-90 units apartment project or more. Redesign to a traditional apartment project is possible with 2-3 buildings on part of the property. Ideal for affordable or subsidy, low income, or senior housing. Maps, City CUP paperwork for prior project, and Environmental & Soil Reports are available. Call for more information.