11041 Summit Avenue

11041 Summit Avenue

Ddirt

Santee, CA 92071

$1,590,000

Beds

Baths

Sqft

Year Built

Days on Market

55

Property Type

Land

HOA/mo

N/A

MLS ID

PTP2603966

This property is in Santee (92071). View neighborhood stats →

About This Property

Build up to 32 units! 2.32 acres zoned R-7 allowing for 7-14 units per acre to be built. Property already features a large 3 bedroom/2 bathroom single family residence with large kitchen, 2 extra large rec rooms and a pool. This property is the absolute best of both worlds, live in a country-esque environment while only being minutes from shopping centers and freeways. Fell good knowing you can make this home exactly how you want with your own touches all while knowing you have an incredible growing value in the land you live on. Property features fully owned solar, upgraded electrical panel and new roof on main house, all only 2-3 years old. Home is extremely spacious with interior dimensions measuring approximately 2589 sqft. Property shows as 2 units on tax records. Parcel was approved for up-zoning to R-7 by the City of Santee as part of the 6th Cycle Housing Element. R-7 Zoning allows for 7 to 14 units per gross acre. It is a Medium Density Residential General Plan designation. Per the city's zoning, the R-7 zone "is intended for a wide range of multiple family residential development types including detached units in planned residential development at the lower end of the density range and attached units at the higher end of the density range." Maximum lot coverage is 55 prcnt, maximum height is 35 feet/three stories, and there is no minimum lot size.

Location

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Dirt Analysis
Ddirt
245% above comp value
Asking $1,590,000 vs ~$460,389 implied by sold-land comps
Lot size
2.32 acres
Asking $/acre
$685,346
Area median $/acre (sold)
$227,723
Comp-implied value
$460,389

Benchmarked against 3,049 sold-land comps (5-yr, recency-weighted) via zip price-size model · high confidence. Land value is site-specific — zoning, utilities, access, and buildability are not modeled. Not an appraisal.