1485 Morena, San Diego, CA 92110

Tommy Crudo

CA 01468953

Compass

Listed by Compass

$1,845,000

1044 days on market

Updated 64 days ago

1485 Morena

Details

APN

4360521100

Property Type

Land

Sub Type

Lots/Land

Broker Co-Op

Yes

Acreage

0.213

Zoning

CC 4-2

High Density Residential Development Site

Marketing description

NOTE NEW PRICE! A very well-located high-density multi-family development site situated in the Bay Park neighborhood of San Diego. This 9,280 square-foot paved corner lot is level and has alley access. Flexible commercial zoning (CC 4-2) allows for commercial or residential uses. Located within San Diegos Complete Communities overlay (providing a 5.5 FAR allowance). Complete Communities is an initiative by the City of San Diego that provides high-density residential development along the citys transit corridors. Fault hazard evaluation has determined that there is no evidence of active faults. Phase I & II, boundary & topographic survey, soils report and feasibility study are complete. Seller also has a 9 unit townhome study (2 x 1750 sf homes, 3 x 1500 sf homes and 4 x 1150 sf homes).

Investment highlights

The site is centrally located in San Diego County and has easy freeway access to the I-5 via the Teclaote Road exit. In addition, the I-8 is also quickly assessable via Morena Blvd. The Trolley’s UC San Diego Blue Line Tecalote stop is a 10-minute walk away. The Blue Line will go from the border with Mexico, through downtown, and all the way to UTC. It connects people with opportunities for jobs, education, healthcare, shopping, and entertainment.

Located within the Complete Communities overlay
This development site offers great potential for high-density residential projects.
Future building will enjoy amazing bay and city views to the west and south.
Site was clear of earthquake faults (seller performed fault investigations).