Active
5 beds4 baths

2804 S Grade Rd, Alpine, CA 91901

Multi FamilyProperty Type
10.52 acresLot Size
1932Year Built

Description

A short distance away from the city center is a rare, near turn-key development or retail investor opportunity in Alpine's fastest-growing corridor. This 10.52 acre property carries a Tentative Map for up to 30 residential lots, currently planned as a 26-lot custom home subdivision. Extensive engineering and due diligence are already complete, cutting the time, risk, and soft costs standing between purchase and construction. Alpine continues to draw buyers seeking spacious, custom homes with access...A short distance away from the city center is a rare, near turn-key development or retail investor opportunity in Alpine's fastest-growing corridor. This 10.52 acre property carries a Tentative Map for up to 30 residential lots, currently planned as a 26-lot custom home subdivision. Extensive engineering and due diligence are already complete, cutting the time, risk, and soft costs standing between purchase and construction. Alpine continues to draw buyers seeking spacious, custom homes with access to nature while staying connected to major commuter routes, supporting strong long-term demand and appreciation in this established growth pocket. The property also cash-flows today: existing rental units (up to 4) generate monthly income through the planning and entitlement process. A historic grove of 375+ mature, 100-year-old Mission olive trees and a high-producing private water well add further income potential and lifestyle appeal. Minutes from downtown Alpine, shopping, dining, and freeway access, with Wright's Field hiking and equestrian trails nearby. Entitlement progress, income in place, water rights, and a signature natural setting, a compelling package for developers, investors, and owner-builders ready to create Alpine's next standout residential community.
69 days on Market
  • Listed by: Evan Wagley DRE #01494096 • eXp Realty of California, Inc.
Last updated: 09/17/2026 09:46 AM • Source: CLAW, MLS#: 260018724SD
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Location

Listing Courtesy of eXp Realty of California, Inc., Evan Wagley, DRE #01494096
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Payment Calculator

$15,338 per month

30 year fixed, 7.03% Interest

Principal and Interest

$14,681

Property Taxes

$657

HOA Dues

$0

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Property Information for 2804 South Grade Road

Property Details

  • MLS Type: Residential Income
  • Cross Streets: Rancho Sierra
  • Source Living Area: Assessor
  • Area: Other (LCOTH)
  • Lot Size Area: 458251
  • HOA Fee Frequency 1: Monthly
  • HOA Fee 2: $0
  • HOA Fee Frequency 2: Monthly
  • Assessor Parcel Number: 404-430-46-00
  • Directions: S

Building Information

  • Stories: 1
  • Year Built: 1932
  • Lot Size: 10.52 AC / 458,251 SF

Community / Development

Community / Development
  • Complex Name: N/A
  • Number Of Units: 3
  • Builders Tract Name: Alpine
  • Earth Quake Insurance: 0

Structure Info

Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
  • Water: Well on Property
  • Sewer: Septic Installed

Contract Info

Contract Info
  • Service Level: Full Service

Income & Expenses Information

Income & Expenses Information
  • Net Operating Income: $88,440.00
  • Gross Scheduled Income: $99,540
  • Cap Rate: 3.22%
  • Gross Rent Multiplier: $27.63
  • Other Income1: $.00
  • Total Annual Expense: 11100

Land / Lot Info

Land / Lot Info
  • Horse: No
  • Lot Acreage: 10.52

Interior Features

Interior Features
  • Levels: One
  • Cooling: Wall/Window

Exterior Features

Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial

Lease Terms

Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Trash Collection

Property History for 2804 South Grade Road

DateEvent & SourcePriceAppreciation
Jul 31, 2026

Listed (Active)

CLAW #260018724SD

$2,750,000—
Jul 2, 2025

Expired

SDMLS #PTP2502950

$4,200,000—
Jul 1, 2025

Expired

CRMLS #PTP2502950

—
DateEvent & SourcePrice
07/31/2026

Listed (Active)

CLAW #260018724SD

$2,750,000
07/02/2025

Expired

SDMLS #PTP2502950

$4,200,000
07/01/2025

Expired

CRMLS #PTP2502950

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

2804 South Grade Road

Beds

4

Total Finished SqFt

1,724 SqFt

Above Grade Finished SqFt

1,724 SqFt

Lot Size

458,251 SqFt

Style

Single Family Residence

Year Built

1932

Schools near 2804 South Grade Road

This home is within Grossmont Union High School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Boulder Oaks Elementary School
Public1 to 5

Joan MacQueen Middle School
Public6 to 8

Granite Hills High School
Public9 to 12

Mountain View Learning Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2804 South Grade Road is a multi-family home for sale in Alpine, CA 91901. This property was listed for sale on July 31, 2026 by eXp Realty of California, Inc., it's currently listed at $2,750,000. This listing's school districts are Grossmont Union High School District, Alpine Union Elementary School District. Nearby schools include Boulder Oaks Elementary School, Joan MacQueen Middle School and Granite Hills High School. 2804 South Grade Road is a 5-bed, 4-bath multi-family home built in 1932.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California, Inc., Evan Wagley, DRE #01494096

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 SDMLS®, Inc.