

Listed by Colliers - Los Angeles - La Jolla, California
$1,800,000
Covered Land Opportunity | ±10,688 SF | Tier 4 CCHS Site
Details
APN 431-343-10-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,248
Units 2
Cap Rate 2.62%
Year Built 1942
Buildings 1
Acreage 0.220
Zoning RM-3-7
Multifamily | 2.62% CAP | 2 Units
Marketing description
Exceptional redevelopment opportunity in San Diego's centrally located Linda Vista neighborhood. Situated on a ±10,688 SF lot, the property is currently improved with two income-producing 1-bedroom, 1-bath residences generating approximately $3,937 per month in gross rental income, providing immediate cash flow while pursuing future development plans. The site benefits from Complete Communities Housing Solutions (CCHS) Tier 4, Transit Priority Area (TPA), and Sustainable Development Area (SDA) designations, offering outstanding residential development potential (buyer to verify). Ideally positioned near UC San Diego, Sharp HealthCare, Scripps Health, Kaiser Permanente, General Dynamics, and major freeways, this is a rare opportunity to acquire an income-producing property with significant long-term upside in one of San Diego's most desirable infill locations.
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Listed by Colliers - Los Angeles - La Jolla, California
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Zoning
RM-3-7 ResidentialMulti FamilyResidential Multiple Unit
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