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$ 1,900,000
Est. payment | /mo
4 Beds
3 Baths
9,531 Sqft Lot
$ 1,900,000
Est. payment | /mo
4 Beds
3 Baths
9,531 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PTP2300476
Bedrooms 4
HOA Y/N No
Lot Size 9,531 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
A rare redevelopment opportunity across the freeway from Downtown San Diego!!! Two adjacent parcels on the corner of 19th & E Street totaling 9,531 square feet (.22 Acres) of lot space. One parcel includes Three detached cottage units that each feature their own private entry and garage/storage unit. The other parcel is open land that backs to the on ramp of the interstate 5 and 94. The property is zoned RM-2-5, which permits up to Seven units without any density bonus; but more importantly the property is situated in the Complete Communities Tier 3, which permits an FAR of 6.5x the total lot (potential for 61,951.5 square feet). This is a true value-add and redevelopment opportunity that will allow a new owner to build in an area that needs more housing and will have views of Downtown San Diego and Coronado.
A rare redevelopment opportunity across the freeway from Downtown San Diego!!! Two adjacent parcels on the corner of 19th & E Street totaling 9,531 square feet (.22 Acres) of lot space. One parcel includes Three detached cottage units that each feature their own private entry and garage/storage unit. The other parcel is open land that backs to the on ramp of the interstate 5 and 94. The property is zoned RM-2-5, which permits up to Seven units without any density bonus; but more importantly the property is situated in the Complete Communities Tier 3, which permits an FAR of 6.5x the total lot (potential for 61,951.5 square feet). This is a true value-add and redevelopment opportunity that will allow a new owner to build in an area that needs more housing and will have views of Downtown San Diego and Coronado.
A rare redevelopment opportunity across the freeway from Downtown San Diego!!! Two adjacent parcels on the corner of 19th & E Street totaling 9,531 square feet (.22 Acres) of lot space. One parcel includes Three detached cottage units that each feature their own private entry and garage/storage unit. The other parcel is open land that backs to the on ramp of the interstate 5 and 94. The property is zoned RM-2-5, which permits up to Seven units without any density bonus; but more importantly the property is situated in the Complete Communities Tier 3, which permits an FAR of 6.5x the total lot (potential for 61,951.5 square feet). This is a true value-add and redevelopment opportunity that will allow a new owner to build in an area that needs more housing and will have views of Downtown San Diego and Coronado.
Location
State CA
County San Diego
Area San Diego (92102)
Building
Lot Description Corner Lot, Sidewalks
Story 1
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Others
Acceptable Financing Cash, Conventional, Exchange, FHA
Space Rent $1,950
Listing Terms Cash, Conventional, Exchange, FHA
Virtual Tour https://www.youtube.com/watch?v=Xq5x-Wkp6QM
Listed by Joe Bonin • SVN Vanguard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "