THE OPPORTUNITY: 

Tuscany Cove is a ready to build multi-family housing opportunity strategically located in an upper scale housing area with the convenience of an adjacent Safeway grocery and pharmacy store.

The project site is located at 2860 Via Milano Place, Stockton, CA 95204 and backs up against the Smith Canal, a Delta waterway for easy access and waterfront views. 

The land sits in a prime location, less than a mile off the Interstate 5 freeway and less than 4 miles from the Highway 99 Junction.

Land development is already underway with undergrounds, site plans, zoning, and city approval already been completed. $3.7 million in improvements have been made with planning commission and neighbor approval. The decision by the Stockton City Council to rezone the property to High Density Residential was unanimous, as the need for housing in the area continues to climb.

The project consists of 4.3 +/- AC with 360 ft. of waterfront property with access through an already installed automatic 2-way wrought iron gate.

Tuscany Cove sits just over a mile from The Stockton Golf & Country Club with nearby homes valued between $850,000 to $3,500,000.00. 

This property is the perfect location for multifamily housing with close proximity to shopping in a quiet neighborhood with water views at the site. 

PROPERTY INFORMATION:

• Address: 2860 Milano Place, Stockton, CA

• Sale Price: $3,200,000.00

• Zoning: (RH) High Density Residential

• Gross Building Area +/- 95,123 SF

• Lot Size 4.31 +/- AC (187,743 SF)

• Located in The City Of Stockton

• County of San Joaquin

• APN# 121-270-160-000

DEVELOPMENT STANDARDS DENSITY AND FLOOR AREA RATIO (FAR)

• Maximum building height: 35 feet
• 17.5-30 dwelling units per net acre, or 13.2 to 24 dwelling units per gross acre.
• Maximum FAR is .3
• Water service is provided by Cal Water, according to Cal Water the current services will support any type of residential development. 

There is a possibility to apply for a density bonus if utilizing the affordable housing element through the City of Stockton’s Economic Stimulus Plan. This plan allows for a possible fee reduction for some public facility fees. Reduction could be as much as $14,080 per unit for multi-family residential per the City of Stockton. To achieve this fee reduction the terms of the program must be complied with.

Visit the provided links for more information regarding Zoning, FAR Ratio, possible fee reductions and flood zone information in regard to the Smith Canal.

IMPORTANT LINKS:

Information regarding City of Stockton possible fee reduction for some of Public Facility Fees:
https://www.stocktonca.gov/business/stockton_economic_stimulus_plan.php

City Of Stockton Zoning District Density and Floor Area Ratio for High Density Residential Zoning:
https://ecode360.com/43712790#43712790

Flood Map Information and Smith Canal Completion:
https://www.sjafca.org/projects/smith-canal-gate-structure