$1,199,000
530 42nd St #1 & 2 San Diego, CA 92102
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$1,199,000
Est. payment /mo
0.28 Acres Lot
Active
530 42nd St #1 & 2 San Diego, CA 92102
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.
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
Listed by Voltaire Lepe • eXp Realty of California, Inc.
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