3981 Panther LnDiamond Springs, CA 95619

Property Details for 3981 Panther Ln

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 94,525 square foot parcel in Diamond Springs, California, presents a unique opportunity for multi-family development. Located at 3981 Panther Ln, 95619, El Dorado County, this property is zoned for Multi-Family - Planned Development (PD). While a prior use permit for a 50-unit senior residential care facility has expired, complete plans are available for review and updating to current California Building Codes (CBC). Significant groundwork has already been completed, including grading and utility installation, along with securing Fire Department approval. This significantly reduces the time and cost associated with initial site preparation. The property's size and zoning make it ideal for a variety of multi-family projects, offering a compelling investment prospect for developers seeking a streamlined path to construction. Buyers should be aware that the existing plans require updating to meet current building codes and the expired use permit needs resubmission. The asking price for this prime development land is $1,699,000. This represents a substantial cost savings compared to starting from scratch on a similar project. The property's location in Diamond Springs offers access to local amenities and a desirable residential market. This is a rare opportunity to acquire a largely prepared site ready for a new multi-family development.

Location Insight

City

Diamond Springs

County

El Dorado

State

California

Latitude

38.6909

Longitude

-120.816

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