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1229 Hollister St
San Diego, CA 92154
24 Unit Development San Diego · Land For Sale · 0.90 AC

Investment Highlights

  • 2007 PLANS AVAILABLE , SEWER MANHOLE WAS CONSTRUCTED 2006

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.90 AC
Zoning R-4 (Multiple Residential - High-density R-4 zoning supports multi-unit residential and ADUs. Ideal for infill development, build-to-rent, or small-scale multifamily.

Description

UNDER VALUE PRICING. PRICE REDUCED / PERFECT SMALL DEVELOPMENT PROJECT IN SAN DIEGO. 2017 MAI IS ATTACHED $960K VALUE. . MUST SELL OR REFINANCE . PRICING IS NEAR 2017 MARKET VALUE All CASH OFFERS ONLY SERIOUS OFFERS PLEASE. 45 DAYS TO VERIFY THE ZONING AND CITY'S WILLINESS TO APPROVE THE OLD PLANS AS IS. LONGER ESCROW TIME CAN'T BE CONSIDERED BUILD APPROXIMATELY 20,000 GROSS SF IN SAN DIEGO NEAR OCEAN. OLD PLANS AND COMMENTS ARE READY TO BE RESUBMITTED BY NEW DEVELOPERS AND SUPPORTED BY CITY. 1. NO MAJOR GRADING IS ALLOWED. 2. EXISTING GRADE IS USED FOR PARKING 3. NEAR OCEAN WITH OCEAN BREEZE 4. SEWER MANHOLE WAS BUILT IN 2007 BY DEVELOPER WHEN WASHINGTON MUTUAL RECORDED A LAND LOAN FOR $1,000,000 ON THIS LAND BEFORE THE MARKET CRASH AND CITY AUTHORIZED SEWER CONNECTION TO THE UNITS (REFER TO CITY COMMENTS IN 2007) 5. CITY WILL SUPPORT AND EXPEDITE THE PLANS IF SUBMITTED AS IS (MUST VERIFY THIS INFORMATION) 6. INFILL HIGH DEMAND DEVELOPMENT PROJECT 7. DRAINAGE IS NATURAL TO THE WEST SIDE OF THE LAND USING COMMON DRAINAGE. 8. WATER AND ELECTRICITY ON CURB AND CITY HAS SIGNED OFF A WAIVER OF UNDER GROUND ELECTRICITY CONNECTION REQUIREMENT (MUST VERIFY) 9. PROJECT IS SUPPORTED BY STORM DRAINAGE CAPACITY FOR THE 13 HIGH DENSITY CONDOS OR APARTMENTS AS PLANNED. LINK TO ZONING MAP SAN DIEGO https://sandiego.maps.arcgis.com/apps/webappviewer/index.html?id=3057676023954a828ad92ef22b5ff349 LINK TO VERTUAL APOINTMENT SET UP https://www.sandiego.gov/sites/default/files/2020-10-14_virtual_counter_appointments.pdf 10. ENVIRONMENTAL SENSITIVE IMPACT: VERIFIED 08.14.2014 A. SENSITIVE BIOLOGIC RESOURCES: NO B. STEEP HILLSIDE: NO C. COSTAL BEACHES: NO D. SENSITIVE COSTAL BLUFFS: NO E. 100 YEAR FLOODPLAIN: No

Property Taxes

Property Taxes

Parcel Number
634-020-04
Land Assessment
$1,122,000
Improvements Assessment
$0
Total Assessment
$1,122,000
  • Listing ID: 25753769

  • Date on Market: 5/20/2022

  • Last Updated:

  • Address: 1229 Hollister St, San Diego, CA 92154

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