530 42nd St #1 & 2, San Diego, CA 92102

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Kevin Silverstein

[email protected] +1(619) 203-7041

$1,199,000

Est. payment - /mo

0.28 Acres Lot

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UPDATED:

11/05/2024 10:28 PM

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 230022320

HOA Y/N No

Lot Size 0.276 Acres

Acres 0.27

Lot Dimensions 233 x 52

Property Description

Multifamily Development opportunity on these vacant lots totaling 12,040 SF, Zoned CN-1-4, benefiting from the Complete Communities Zoning overlay allowing you to build up to 105 units! The overlay permits expanded construction beyond standard zoning, and included are plans that are getting approved for 18 units with a very generous unit mix with the foundation permit already approved! The flat/level terrain simplifies development and the two existing structures?a 2 bed, 1 bath home and a detached 2-car garage?only give you more opportunities to develop! Positioned for growth, this property promises a lucrative venture in a high-potential locale.
Multifamily Development opportunity on these vacant lots totaling 12,040 SF, Zoned CN-1-4, benefiting from the Complete Communities Zoning overlay allowing you to build up to 105 units! The overlay permits expanded construction beyond standard zoning, and included are plans that are getting approved for 18 units with a very generous unit mix with the foundation permit already approved! The flat/level terrain simplifies development and the two existing structures?a 2 bed, 1 bath home and a detached 2-car garage?only give you more opportunities to develop! Positioned for growth, this property promises a lucrative venture in a high-potential locale.

Location

State CA

County San Diego

Area San Diego (92102)

Zoning CN-1-4

Exterior

Fence Full

Building

Lot Description Public Street, Sidewalks, Street Paved

Lot Size Range .25 to .5 AC

Sewer Sewer Available

Water Meter on Property

Schools

Elementary Schools San Diego Unified School District

Middle Schools San Diego Unified School District

High Schools San Diego Unified School District

Others

Ownership Fee Simple

Miscellaneous Value in Land

Acceptable Financing Cash

Listing Terms Cash

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Listed by Voltaire Lepe • eXp Realty of California, Inc.

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Kevin Silverstein

+1(619) 203-7041

Realtor | CA BRE #02098925

Realtor CA BRE #02098925

San Diego Communities