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$1,199,000
Est. payment /mo
11,706 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 11,706 sqft
Price per Sqft $102
MLS Listing ID 260024352
Property Sub-Type Com-Res Income
Property Type Com-Res Income
Property Description
Seller will entertain offers between 1,199,000 - $1,399,000. Compelling South San Diego development opportunity featuring an existing single-family residence plus a proposed 15-unit ADU development. The project is well advanced through the City of San Diego approval process, providing a buyer the opportunity to step into a project that has already progressed substantially through planning and design. The proposed development includes approximately 10,839 square feet of new residential construction across three stories, with a diversified mix of one-, two- and three-bedroom residences ranging from approximately 474 to 933 square feet. The current plans provide for 20 covered ground-level parking spaces. Upon completion, the property would feature 16 total residential units, including the existing residence. The proposed 15-unit program consists of one by-right ADU, seven deed-restricted affordable ADUs, and seven bonus ADUs, creating an efficient path to substantially increase density while retaining the existing residence. An attractive opportunity for a developer or investor seeking a well-progressed infill multifamily project in South San Diego with significant entitlement and design work already completed.
Location
State CA
County San Diego
Community Other/Remarks
Area South Bay
Direction GPS - Drvie by only
Interior
Fireplace No
Exterior
Parking Features Other/Remarks, EV Charging Station(s)
View Y/N No
Building
Story 3
Others
Senior Community No
Tax ID 627-062-02-00
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/260024352
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Listed by Dan Tomasi, DRE#01851821 Douglas Elliman of California, Inc.
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