

Approved 24-Unit Townhome Development
Multifamily | 24 Units
Marketing description
The Bove Land Team proudly presents 309-11 Sycamore Road, an approved multifamily development opportunity in the rapidly growing San Ysidro submarket of Southern San Diego. The ±43,560 SF (±1.0 acre) site is fully approved for the development of a 24-unit residential project designed to mirror the adjacent and recently completed 307 Sycamore Road community, providing investors and developers with a proven product type and streamlined execution path. The approved plans consist primarily of spacious townhouse-style units with attached garages, private layouts, and efficient low-density site planning tailored to strong family-oriented rental demand in the area.
Delivered with approved Exhibit "A" plans already in place, the project significantly reduces entitlement risk, holding costs, and predevelopment timelines compared to typical multifamily opportunities in today's market. The property benefits from immediate access to Interstate 5, Interstate 805, State Route 905, the San Ysidro Port of Entry, major retail corridors, and expanding employment centers throughout South San Diego and Northern Baja California. Positioned within a high-demand housing corridor experiencing continued population growth and limited new housing supply, 309-11 Sycamore Road offers a compelling opportunity to develop a scalable residential project with strong long-term rental and appreciation potential.
Investment highlights
- Approved plans already in place for a 24-unit multifamily residential project
- The project is designed to mirror the neighboring development creating continuity
- Current duplex generates approximately $6,090 per month ($73,080 annually) in gross income
- ±43,560 SF urban infill parcel providing efficient site design and strong circulation
- Immediate connectivity to Interstate 5, Interstate 805, and State Route 905
- San Ysidro continues to experience strong housing demand with relatively limited new multifamily
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