330 Willie James Jones Ave, San Diego, CA 92102

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Glen Henderson

glen@phcoronado.com +1(619) 270-1180

$1,160,000

Est. payment - /mo

6 Beds

5 Baths

2,000 SqFt

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $580

Subdivision San Diego

MLS Listing ID 250024255

Bedrooms 6

Full Baths 4

Half Baths 1

HOA Y/N No

Year Built 1940

Lot Size 10,471 Sqft

Lot Dimensions 71x148x78x125

Property Sub-Type Res Income 2-4 Units

Property Description

Located in the heart of Lincoln Park, this versatile duplex offers significant development potential just minutes from downtown San Diego and major highways. The property features a 5-bedroom, 3-bathroom unit and a separate 1-bedroom, 1.5-bathroom apartment, providing immediate rental income and tenant flexibility. Zoned for up to 65 buildable units and included in the Complete Communities Tier 3 program, this lot presents a rare opportunity for investors to capitalize on San Diego's growing housing demand. This ±10,471 SF development site in Lincoln Park offers a prime investment opportunity with a current income of $3,850 per month from an existing duplex while being ideally positioned for substantial future growth. Zoned RM-3-7 and included in the Complete Communities Tier 3 program with a 6.5x FAR, the property allows for up to 65 buildable units totaling 68,061 SF. Lot dimensions are 71' x 150' with efficient setbacks of 10' (front) and 5' (rear), and a height limit of 40 ft or up to 7 stories. Located within an Opportunity Zone, it offers tax benefits and is designated in a “Sustainable Development Area,” making it attractive for high-density, eco-friendly projects. With easy access to I-805 and SR-94 and a current CAP rate of 2.79%, this site stands out as a compelling investment in a rapidly evolving neighborhood.
The property is constructed with a wood frame and stucco, offering seven parking spaces. It is zoned RM-3-7, allowing for residential multi-unit development and inclusion in the Complete Communities Tier 3 program, which supports potential future redevelopment. The site is part of a sustainable development area and is located in an Opportunity Zone, providing potential tax benefits. Additionally, the property has been upgraded over the years to enhance its appeal and functionality.

Location

State CA

County San Diego

Community San Diego

Area San Diego (92102)

Building/Complex Name WJJ

Zoning RM-4 CCHS3

Interior

Heating Natural Gas

Cooling Central Forced Air

Appliance Forced Air Unit

Exterior

Exterior Feature Stucco, Wood/Stucco

Parking Features Unit1:Attached Unit2:Assigned

Garage Spaces 3.0

Fence Full

Community Features BBQ, Laundry Facilities, Recreation Area

Complex Features BBQ, Laundry Facilities, Recreation Area

View Evening Lights

Roof Type Concrete

Building

Lot Description Cul-De-Sac, Curbs, Public Street, Street Paved

Lot Size Range 7500-10889 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories Other/Remarks

Schools

Elementary Schools San Diego Unified School District

Middle Schools San Diego Unified School District

High Schools San Diego Unified School District

Others

Miscellaneous Dog Run,Hdicap/Whlchair,Value in Land

Acceptable Financing Cash, Conventional

Space Rent $2,625

Listing Terms Cash, Conventional

Pets Allowed Allowed w/Restrictions

Virtual Tour https://www.propertypanorama.com/instaview/snd/250024255

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Listed by Alexander Ciullo • Pacific Sotheby's Int'l Realty

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Glen Henderson

+1(619) 270-1180

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

Coronado Communities

330 Willie James Jones Ave San Diego, CA 92102

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Schools

Others

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