Listed by Pacific Sotheby's International Realty, Pacific Sotheby's Int'l Realty
$1,065,000
WJJ
Details
APN 548-130-25-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,518
Units 2
Cap Rate 6.35%
Year Built 1940
Buildings 1
Acreage 0.240
Zoning RM-4 CCHS3
Multifamily | 6.35% CAP | 2 Units
Marketing description
Located in the heart of Lincoln Park, 6BD 4.5BA versatile duplex offers significant development potential just minutes from downtown San Diego and major highways. The property features a 5-bedroom, 3-bathroom unit and a separate 1-bedroom, 1.5-bathroom apartment. Zoned for up to 65 buildable units and included in the Complete Communities Tier 3 program, this lot presents a rare opportunity for investors to capitalize on San Diego's growing housing demand. This ±10,471 SF development site in Lincoln Park offers a prime investment opportunity. Zoned RM-3-7 and included in the Complete Communities Tier 3 program with a 6.5x FAR, the property allows for up to 65 buildable units totaling 68,061 SF. Lot dimensions are 71’ x 150’ with efficient setbacks of 10' (front) and 5' (rear), and a height limit of 40 ft or up to 7 stories. Located within an Opportunity Zone, it offers tax benefits and is designated as a “Sustainable Development Area,” making it attractive for high-density, eco-friendly projects. With easy access to I-805 and SR-94, this site stands out as a compelling investment in a rapidly evolving neighborhood.
Listing Contacts
Listed by Pacific Sotheby's International Realty, Pacific Sotheby's Int'l Realty
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