1111 Colusa St 2 Unit Apartment Building Offered at $1,299,000 San Diego, CA 92110

1111 Colusa Street presents a residential investment opportunity in San Diego's Morena neighborhood. The property sits on a 5,000 SF lot zoned RM-3-7, supporting increased residential density by right and providing a clear path for multifamily redevelopment. Current tenant occupancy provides in-place cash flow from day one while a buyer plans or entitles. Morena is one of San Diego's most strategically located infill neighborhoods — bordered by Mission Bay, Old Town, Bay Park, and Linda Vista, with direct access to the I-5/I-8 interchange. The University of San Diego is minutes away, anchoring consistent housing demand from students, faculty, and staff. A walkable commercial corridor along Morena Boulevard, Fashion Valley Mall, Tecolote Canyon Natural Park, and Mission Bay are all within close proximity. San Diego International Airport is approximately 3 miles away. The RM-3-7 zoning designation positions this site well for a developer or investor looking to capitalize on San Diego's continued multifamily demand in a supply-constrained infill location. The combination of a highquality neighborhood, strong rental submarket, and actionable zoning makes this a compelling acquisition for both a near-term cash flow buyer and a long-term developer. All zoning and development potential to be verified by buyer.