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- LoopNet Team
1601-1617 University Ave
San Diego, CA 92103
University & Herbert · Land For Sale
·
0.43 AC
INVESTMENT HIGHLIGHTS
- Four property Urban Infill Development site in Hillcrest consisting of 18,828 SF (0.43 AC) of land area
- Complete Communities Housing Solutions Zoning allows for FAR 8.0
- All Four Properties have Received Historical Clearance from The City of San Diego
- Top Performing Apartment Market in San Diego - 92103
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.43 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | Cross Streets | Herbert St |
| Zoning | CC-3-8 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.43 AC |
| No. Stories | 1 |
| Cross Streets | Herbert St |
| Zoning | CC-3-8 |
DESCRIPTION
The four parcels total approximately 18,828 square feet (0.43 Acres) fall under the Tier 2 of the recently adopted Complete Communities Housing Solutions Zoning, which permits an increased FAR allowance of 8.0, the second highest in the entire county. The underlying zoning is CC-3-8, which allows one dwelling unit for each 600 square feet of lot area, a minimum FAR of 1.5, and a FAR mixed of 2.5. Located at 1601-7 University Ave, 3843 Herbert St, 3839 Herbert St, and 3833 Herbert St, San Diego, CA 92103, the site currently consists of two retail properties, two residential homes, and one billboard. All four properties have just received full historical clearance from The City of San Diego. Visit: http://www.thetotahgroup.com/property/university-herbert/
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $51,000 | |
| Land Assessment | $5,559,000 | Total Assessment | $5,610,000 |
PROPERTY TAXES
