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3981 Panther Ln
Diamond Springs, CA 95619

Diamond Villa Senior Development · Land For Sale · 4.20 AC

Investment Highlights

  • Site Improvements: Includes engineering, utility improvements, building permits, and traffic mitigation.
  • Location Details: Intersection of Fowler Lane and Panther Lane, with the address 3981 Panther Lane, Diamond Springs, CA 95619.
  • Environmental Efforts: Environmental, wildlife, and archeological studies completed.

Executive Summary

RM, Multi-unit Residential Zone previously had a CUP for Senior housing, expired. El Dorado County will require a Design Review Combining zone (-DC) for a new multi-famliy project. A new multi-family project if an affordable component may expedite the approval process.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Ground Lease Sold
  • Portfolio Sale
No. Lots 2
Property Type Land
Property Subtype Residential
Total Lot Size 4.20 AC

2 Lots Available

Lot 1 & 2

Price £797,849
Price Per AC £398,925
Lot Size 2.00 AC

2 Parcels on improved lot with utilities on site (water, sewer, electrical, & telephone with an encroachment off Lot 2 on Panther Lane & Fowler Rd. Adjacent to a market rent apartment complex.

Lot 2

Price £597,590
Price Per AC £271,632
Lot Size 2.20 AC

Parcels on improved lot with utilities on site (water, sewer, electrical, & telephone with an encroachment off Panther lane & Fowler Rd. Adjacent to a market rent apartment complex.

Description

The project is located in Diamond Springs, California, just four miles southwest of Placerville in El Dorado County near Interstate Highway 50. It includes two land parcels totaling 4.22 acres (183,823 sq. ft.). The property is located at Fowler Lane and Panther Lane, APNs: 054-431-022 and 054-431-023, aka 3981 Panther Lane, Diamond Springs, Ca. 95619. The land is zoned at R2-DC (multi-family with design control), and NR1 (residential). The owner is Diamond Springs, LLC, a California Limited Liability Company. The development design consists of two phases. Numerous development processes and site improvements have been capitalized and achieved. These include but are not limited to: land acquisition, clearing, grading and finish grading, engineering, water and sewage piping, fire hydrant lanes and components, retaining wall installation, environmental, wildlife and archeological studies, geological testing and certifications, building permits, utility improvements and traffic mitigation studies.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
054-431-023-000
Land Assessment
£219,054
Improvements Assessment
£0
Total Assessment
£219,054

zoning

Zoning Code RM
RM
  • Listing ID: 27706601

  • Date on Market: 08/02/2023

  • Last Updated:

  • Address: 3981 Panther Ln, Diamond Springs, CA 95619

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