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    9601 Blue Larkspur Ln Monterey, CA 93940

    Sponsored
    For Sale
    Contact for pricing

    Prime Monterey Development Opportunity: 29 Units Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional land parcel, encompassing Lots 2 & 3 at the prestigious Laguna Seca Office Park in Monterey, California (APN 173-121-002 & 003), presents a unique investment opportunity. Currently zoned for OFFICE AND OR APARTMENTS, the property is ideally situated at 9601 Blue Larkspur Ln, Monterey, CA 93940. The land is offered as a fee simple ownership. The property is currently undergoing the entitlement process for a 29-unit residential development, with all units planned as two-bedroom, two-bathroom apartments. Detailed preliminary plans are available for review. It's important to note that the buyer will be solely responsible for completing the entitlement process at their own cost and expense. This represents a compelling chance to develop a significant residential project in a highly desirable Monterey location, subject to final approval by Monterey County. The application for the proposed development has already been submitted and is currently under review. This is a rare opportunity to acquire land with significant development potential in a prime Monterey location. The property's location offers easy access to local amenities and attractions. This is a land sale only

    Property Features for 9601 Blue Larkspur Ln

    General Information

    Property type
    Land

    HighLights

    • 29‑unit development opportunity, subject to Monterey County approval; application submitted.
    • Preliminary plans available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Dental Office Spa & Massage Law Firm Wholesale Shop Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.80722406623
    Latitude
    36.573147162558

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    FAQs

    What type of property is this?
    Land - Prime Monterey Development Opportunity: 29 Units Possible
    Where is this land located?
    The property is located at 9601 Blue Larkspur Ln Monterey, CA.
    What are key features of this property?
    This property features: 29-unit development opportunity, subject to Monterey County approval; application submitted.; Preliminary plans available.;
    Request Owner's contact information
    9601 Blue Larkspur Ln Monterey, CA 93940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9601 Blue Larkspur Ln Monterey, CA 93940
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