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Listed by Elda Beach • Realty One Group West
$2,995,000
Est. payment /mo
9,086 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Boat Slip
Listing Status Active
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID OC-26164312
Lot Size 9,086 Sqft
Property Sub-Type Boat Slip
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional Multi-Family Development Opportunity – Two Adjacent Parcels in San Diego
Introducing an outstanding development opportunity parcels (APN #538-100-05-00 - 5,597 sq ft. and APN #538-100-06-00 - 3,498 sq. ft.), total square footage for both parcels is 9,086 encompassing Lots 8, 9, and 10. Both parcels are level and offer convenient access from both the street and alley, providing excellent flexibility for future development.
The existing home on APN #538-100-05-00 is slated for demolition, creating a blank canvas for a high-density residential project. The property is zoned RM-2-5 (Multi-Family Residential Base Zone) and is located within both a Transit Priority Area (TPA) and Sustainable Development Area (SDA). With a FAR Tier 3 designation, the site may allow an impressive Floor Area Ratio (FAR) of up to 6.5, offering significant development potential.
Upper-level units may enjoy ocean views and views of the Coronado Bridge, adding to the appeal of this exceptional investment opportunity.
Ideally located just minutes from Petco Park, East Village, the San Diego Convention Center, Downtown San Diego, and with convenient access to three major freeways, this property is positioned in one of San Diego's most desirable growth corridors.
Buyer to verify all zoning, development potential, density, FAR, permits, and all other information with the City of San Diego prior to the close of escrow.
Introducing an outstanding development opportunity parcels (APN #538-100-05-00 - 5,597 sq ft. and APN #538-100-06-00 - 3,498 sq. ft.), total square footage for both parcels is 9,086 encompassing Lots 8, 9, and 10. Both parcels are level and offer convenient access from both the street and alley, providing excellent flexibility for future development.
The existing home on APN #538-100-05-00 is slated for demolition, creating a blank canvas for a high-density residential project. The property is zoned RM-2-5 (Multi-Family Residential Base Zone) and is located within both a Transit Priority Area (TPA) and Sustainable Development Area (SDA). With a FAR Tier 3 designation, the site may allow an impressive Floor Area Ratio (FAR) of up to 6.5, offering significant development potential.
Upper-level units may enjoy ocean views and views of the Coronado Bridge, adding to the appeal of this exceptional investment opportunity.
Ideally located just minutes from Petco Park, East Village, the San Diego Convention Center, Downtown San Diego, and with convenient access to three major freeways, this property is positioned in one of San Diego's most desirable growth corridors.
Buyer to verify all zoning, development potential, density, FAR, permits, and all other information with the City of San Diego prior to the close of escrow.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning RM 2-5
Exterior
Community Features Biking, Sidewalks, Street Lights
Utilities Available Cable Available
View Y/N Yes
View Water, Bridge(s), City Lights
Building
Lot Description Level, 0-1 Unit/Acre
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900