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$1,249,500
Est. payment /mo
4 Beds
3 Baths
7,211 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260009535
Bedrooms 4
Full Baths 3
Year Built 1961
Lot Size 7,211 Sqft
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
The subject property located at 4927 67th Street in San Diego presents a rare opportunity to acquire a near shovel-ready multifamily development site in the highly desirable College East submarket, less than one mile from San Diego State University. The project is expected to receive project approval within weeks, offering investors a significantly reduced entitlement timeline and the ability to commence construction shortly after closing. Situated on a 7,211 square foot corner lot zoned RM 1-1, the property currently consists of two detached residential units (a 2-bedroom/1-bath and a 2-bedroom/2-bath). Approved plans call for the development of six additional units totaling approximately 3,700 square feet, bringing the total project to eight units upon completion. The proposed unit mix includes five 2-bedroom/1-bath units and one studio unit, designed to maximize rental efficiency and appeal to the area's strong student and workforce housing demand.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Fireplace No
Exterior
Fence Gate
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 468-190-23-00
Acceptable Financing Cash, Conventional, Exchange, Special Funding
Listing Terms Cash, Conventional, Exchange, Special Funding
Virtual Tour https://www.propertypanorama.com/instaview/snd/260009535
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Listed by Ryan Merriken, DRE#02147674 Landmark Multifamily and Development
Nearby School & Business
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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