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$3,250,000
Est. payment /mo
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision University Heights
MLS Listing ID 250033791
Bedrooms 7
Year Built 1950
Property Sub-Type Res Income 2-4 Units
Property Description
Fully occupied and income-producing, the Arizona Street parcels at 4712 & 4714–16 Arizona St offer a rare 23,000 SF development opportunity in the heart of University Heights. This double-lot site presents a compelling blend of stable in-place income and long-term redevelopment potential in one of San Diego's most desirable infill neighborhoods. The property currently generates $8,125/month from a remodeled single-family home and a well-maintained duplex. Much of the site is dedicated to surface parking, creating a clear path for higher-density residential development. Plans have been submitted to the City of San Diego for 18 two-story ADU townhome units (nine duplex-style buildings), streamlining the path for a buyer to execute on a shovel-ready strategy—or adapt the site for their own vision. Located within a Transit Priority Area and zoned RM-1-1, the site benefits from reduced parking requirements and enhanced density options. This site is available individually or as part of a larger 3.14-acre portfolio when combined with the adjacent 2436 Adams Avenue property, which features an additional 16 entitled units. Together, the assemblage offers 34 proposed units across three prime parcels. Whether acquired separately or as part of a larger play, this is a standout opportunity for developers and investors seeking immediate income with entitlement upside in central San Diego.
Location
State CA
County San Diego
Area Metro Uptown
Zoning RM1-1
Interior
Cooling Wall/Window
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition,Tile/Clay
Building
Story 1
Level or Stories 1
Others
Tax ID 2 APN Offer
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Listed by Joseph D Silva CCG RE Investment Services Inc
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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