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220 Montecito Way - Prime Multifamily Development Site - 5,497 SF 0.13 Acres of Residential Land Offered at $1,395,000 in San Diego, CA 92103
INVESTMENT HIGHLIGHTS
- Outstanding multifamily development opportunity in prime Central San Diego location
- Walking distance to top ranked restaurants, parks, cafes, shops, farmers market, schools, and entertainment
- Expired permit for 19-Units adjacent to the UCSD Medical Center Campus in Hillcrest
- Located in an Opportunity Zone and Complete Communities Tier 2 with FAR of 8
- Proximity to Balboa Park and Downtown with convenient access to Hwy 94, Hwy 163, I-5, and I-15
EXECUTIVE SUMMARY
of Hillcrest, Central San Diego’s premier infill urban residential community.
There are no improvements on-site and the property is located in Complete
Communities Tier 2 with FAR of 8.
Hillcrest is central San Diego’s premier residential neighborhood offering a
vibrant urban lifestyle while still maintaining a sense of tranquility. The area
is thriving with new construction along with renovation of existing buildings,
offering a unique blend of historic charm and contemporary urban living.
Residents are walking distance to top ranked restaurants, parks, trendy cafés,
eclectic shops, farmers markets, schools, and entertainment. The community
boarders Balboa Park, the City of San Diego’s preeminent recreational
destination. Hillcrest also feature numerous convenient thoroughfares, allowing
easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8.
As a result, Hillcrest has become a magnet for young professionals, families,
and high net worth individuals, making it ideal for real estate investment and
development.
PROPERTY FACTS
| Price | $1,395,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | RM-3-9 - Complete Communities Tier 2 with FAR of 8 | ||
| Price | $1,395,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.13 AC |
| No. Stories | 1 |
| Zoning | RM-3-9 - Complete Communities Tier 2 with FAR of 8 |
1 LOT AVAILABLE
Lot
| Price | $1,395,000 | Lot Size | 0.13 AC |
| Price Per AC | $11,054,408.29 |
| Price | $1,395,000 |
| Price Per AC | $11,054,408.29 |
| Lot Size | 0.13 AC |
Expired permit to build 19-units adjacent to UCSD Medical Center in the heart of Hillcrest, Central San Diego’s premier infill urban residential community. The property is located in Complete Communities Tier 2 with FAR of 8.
DESCRIPTION
Approved permit to build 19-units adjacent to UCSD Medical Center in the heart of Hillcrest, Central San Diego’s premier infill urban residential community. There are no improvements on-site and the property is located in Complete Communities Tier 2 with FAR of 8. Hillcrest is central San Diego’s premier residential neighborhood offering a vibrant urban lifestyle while still maintaining a sense of tranquility. The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafés, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park, the City of San Diego’s preeminent recreational destination. Hillcrest also feature numerous convenient thoroughfares, allowing easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8. As a result, Hillcrest has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development.
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220 Montecito Way - Prime Multifamily Development Site - 5,497 SF
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