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$850,000
Est. payment /mo
7,343 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2508529
Lot Size 7,343 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
STRATEGIC VALUE-ADD HIGH-DENSITY DEVELOPMENT OPPORTUNITY! Rare 3-unit investment on one large lot in an unparalleled location. This property includes a detached 3-Bedroom/1-Bath SFR plus two attached 1-Bedroom/1-Bath units, providing an immediate path to income once renovated. Property requires substantial renovation (SFR needs updating; attached units need fire repair), offering a blank canvas for maximizing returns. Favorable RM2-5 zoning. Located within an Opportunity Zone, Promise Zone and designated Complete Communities Tier 3 with a highly desirable 6.5 FAR (Floor Area Ratio), allowing for significant future density and expansion. close proximity to Downtown San Diego, the Coronado Bridge, and the I-5 freeway, ensuring high renter demand and future appreciation. DO NOT MISS THIS TRUE VALUE-ADD AND DEVELOPMENT PLAY!
Location
State CA
County San Diego
Zoning Estimated
Direction Between S Evans St and Sampson St. across from Burbank Elementary
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5383702900
Acceptable Financing Cash
Listing Terms Cash
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Listed by Billy Ray Woods CRM Financial Services
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Donita Thompson
Broker Associate | License ID: 01113919
Broker Associate License ID: 01113919