Listing Agent: Jace Coleman      Broker/Office: Allison James Estates & Homes
$ 1,250,000
  2   |    1   |    732 Sq Feet

Listing ID

#260002025SD

Status

Coming Soon

Property Type

Single Family Residence

County

San Diego

Neighborhood

University Heights

Year Built

1924

Days on website

7

Description
Unlock the potential of this rare infill lot. Zoned Rm-2-5 with Tier 3 Complete Communities and 6.5 FAR potential in TPA zone. Situated in the heart of University Heights/North Park , one of San Diego’s most in-demand urban neighborhoods. Steps from the vibrant North Park corridor with popular dining, coffee shops, breweries, and boutique retail. Easy access to major freeways, Downtown San Diego, and Balboa Park. The immediate neighborhood has strong rental market and continued growth. This property offers exceptional density potential for developers looking to capitalize on high rental demand and walkable lifestyle amenities. This site offers rare entitlement flexibility for high-density residential infill. Same lot size recently sold with plans to build 15 infill units. Investors have the option to retain the existing home (with paid off solar, upgraded electrical system and 5 off street parking garage/spaces) for immediate rental income while developing additional units at the rear in the unattached custom 2012 built garage and gym with 9 1/2 feet ceilings and alley access, or maximize the lot with a full-scale multi-unit project. Unlock the potential of this rare infill lot. Zoned Rm-2-5 with Tier 3 Complete Communities and 6.5 FAR potential in TPA zone. Situated in the heart of University Heights/North Park , one of San Diego’s most in-demand urban neighborhoods. Steps from the vibrant North Park corridor with popular dining, coffee shops, breweries, and boutique retail. Easy access to major freeways, Downtown San Diego, and Balboa Park. The immediate neighborhood has strong rental market and continued growth. This property offers exceptional density potential for developers looking to capitalize on high rental demand and walkable lifestyle amenities. This site offers rare entitlement flexibility for high-density residential infill. Same lot size recently sold with plans to build 15 infill units. Investors have the option to retain the existing home (with paid off solar, upgraded electrical system and 5 off street parking garage/spaces) for immediate rental income while developing additional units at the rear in the unattached custom 2012 built garage and gym with 9 1/2 feet ceilings and alley access, or maximize the lot with a full-scale multi-unit project.
Financial Information
List Price:  $ 1250000
Property Features
Appliances:  Dishwasher, Microwave
Flooring:  Wood
Laundry Features:  Inside
Levels:  One
Parking Features:  Driveway
Roof:  Composition
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  92116 - Normal Heights
City:  San Diego
Listed By:   Jace Coleman   Allison James Estates & Homes 
CA Lic#