Your email has been sent.
1028 Cesar Chavez Pky - Mixed Use Development Opportunity 0.16 Acres of Commercial Land Offered at $1,849,900 in San Diego, CA 92113
INVESTMENT HIGHLIGHTS
- Located in a prime San Diego Opportunity Zone with potential tax benefits
- Five existing income-producing units generating strong cash flow
- CN 1-4 zoning allows mixed-use development and up to 65-foot height limit
EXECUTIVE SUMMARY
Strategically positioned near major public transit, the property may qualify for Complete Communities and Bonus ADU programs, amplifying density potential. Future upside is even greater with pending SB-79 legislation, which could unlock additional unit capacity. Currently, five detached homes generate approximately $10,000 monthly, delivering strong interim cash flow during planning and entitlement phases. Recent capital improvements—nearly $100,000 in upgrades including new sewer, water, electrical service, and a full remodel—reduce development risk and enhance holding value.
Enjoy sweeping views of Downtown San Diego and Petco Park, with quick access to Coronado, Chicano Park, and the Navy Base. This rare urban infill site combines location, zoning flexibility, and income stability, making it an exceptional buy-and-hold or development play in one of Southern California’s trendiest markets.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
| Price | $1,849,900 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | CN 1-4 - You can potentially build 35+ residential units plus ground floor commercial retail space with CN 1-4 zoning allowing up to a 65ft height. | ||
| Price | $1,849,900 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.16 AC |
| Opportunity Zone |
Yes |
| Zoning | CN 1-4 - You can potentially build 35+ residential units plus ground floor commercial retail space with CN 1-4 zoning allowing up to a 65ft height. |
1 LOT AVAILABLE
Lot
| Price | $1,849,900 | Lot Size | 0.16 AC |
| Price Per AC | $11,511,512.13 |
| Price | $1,849,900 |
| Price Per AC | $11,511,512.13 |
| Lot Size | 0.16 AC |
Once in a lifetime development opportunity in a highly desired opportunity zone in a fast growing neighborhood! You can potentially build 35+ residential units plus ground floor commercial retail space with CN 1-4 zoning allowing up to a 65ft height
DESCRIPTION
Once in a lifetime development opportunity in a highly desired opportunity zone in a fast growing neighborhood! You can potentially build 35+ residential units plus ground floor commercial retail space with CN 1-4 zoning allowing up to a 65ft height limit, this is a rare opportunity! On a corner lot, this property faces 2 streets and has alley access, which is key for a complete community development. Being so close to public transportation, this property may qualify for a complete community and Bonus ADU programs. This property could get even more exciting as SB-79 passes and hopefully being able to add even more units! Located in an opportunity zone, this property could provide substantial tax savings if bought through a QOF. Featuring 5 detached houses all roughly 350sqft each which gross about $10k a month, providing strong cash flow that can help with carrying costs as a potential developer goes through plans and permitting phases. Nearly $100k worth of upgrades has been invested into the property this year with new sewer line, new water lines, new electrical service, and a full remodel on one of the units. This could be a great buy and hold or development opportunity in one of San Diego's trendiest markets with views to Downtown San Diego and Petco Park and minutes to Coronado, Chicano Park, and the Navy Base.
PROPERTY TAXES
| Parcel Number | 538-240-24 | Improvements Assessment | $60,260 |
| Land Assessment | $241,083 | Total Assessment | $301,343 |
PROPERTY TAXES
Presented by
1028 Cesar Chavez Pky - Mixed Use Development Opportunity
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.