Listing Agent: TJ Kirchoff      Broker/Office: LPT Realty
4130 32 Vista Grande Drive San Diego CA 92115
$ 995,000
  2   |    1   |    806 Sq Feet

Listing ID

#NDP2608807

Status

Active

Property Type

Single Family Residence

County

San Diego

Year Built

1951

Days on website

2

Description
Rare turnkey development opportunity featuring fully entitled and already issued permitted approvals. This 0.18-acre parcel in the desirable Rolando Park neighborhood contains an already fully renovated single-family residence with all necessary permits and fees paid for construction of seven new residential units (3,783 SF total) using the ADU bonus program. With permits already in hand, this opportunity drastically reduces entitlement risk and soft costs, allowing developers to move directly into vertical construction on day one. Finished plans call for seven units (6 new) comprising four 1-bedroom/1-bathroom apartments, two 2-bedroom/1-bathroom apartments, and one 2-bedroom/1-bathroom single-family home (existing), projecting $18,000 per month in gross income. Located in the prime Rolando Park neighborhood, the property offers a walkable setting with easy access to San Diego State University, quality retail, dining, and the I-94 corridor. This centrally located San Diego submarket continues to experience persistently high housing demand, positioning this project perfectly for immediate production and strong returns.
Location
Financial Information
List Price:  $ 995000
Property Features
Community Features:  Sidewalks
High School District:  San Diego Unified
Levels:  One
Senior Community YN:  false
View:  Neighborhood
High School District:  San Diego Unified
Senior Community YN:  false
MLS Area Major:  92115 - San Diego
City:  San Diego
Listed By:   TJ Kirchoff   LPT Realty 
CA Lic#