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2254 Kearney Ave - Permit Ready 11-Unit Development Site 0.17 Acres of Residential Land Offered at $1,200,000 in San Diego, CA 92113



INVESTMENT HIGHLIGHTS
- Large 7,000+ sq ft lot
- Permits ready to issue
- Building plans approved for 11 Units
- Located in an Opportunity Zone & SDA overlay
EXECUTIVE SUMMARY
Building plans are completed and permits are ready to issue, presenting a shovel-ready redevelopment across two combined parcels currently occupied by two single-family homes slated for demolition. Approved plans call for 11 newly constructed units—a new 2-bed/2-bath single-family residence plus 10 additional units, featuring a mix of efficient 2-bed units (~600–750 sq ft) and larger 4-bed units (~1,100–1,200 sq ft) totaling ~8,469 buildable sq ft. This diversified unit mix supports strong rentability across multiple tenant profiles while maximizing yield on cost. The property is located in an Opportunity Zone—offering potential tax advantages for qualified investors—and within the SDA Overlay. With completed plans and permits ready to issue, investors can bypass entitlement delays and move directly into construction. Building plans attached in Documents Section. Buyer responsible for remaining construction and permitting fees.
PROPERTY FACTS
| Price | $1,200,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | RM-1-2 & SDA - Multi-Family | ||
| Price | $1,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.17 AC |
| Opportunity Zone |
Yes |
| Zoning | RM-1-2 & SDA - Multi-Family |
1 LOT AVAILABLE
Lot 191/14
| Price | $1,200,000 | Lot Size | 0.17 AC |
| Price Per AC | $7,261,021.63 |
| Price | $1,200,000 |
| Price Per AC | $7,261,021.63 |
| Lot Size | 0.17 AC |
Two parcels with a combined lot size of 7,235 sq ft.
1 1
Walk Score®
Walker's Paradise (92)
1 of 14
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2254 Kearney Ave - Permit Ready 11-Unit Development Site
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