Log In/Sign Up
Your email has been sent.
3280 Gillette St 1 Unit Apartment Building $850,000 ($850,000/Unit) San Diego, CA 92102
Investment Highlights
- City-approved plans are in place for a four-unit residential development
- Located in San Diego's Grant Hill with access to employment, transit, and urban amenities
- Development plans call for a total of 10 bedrooms and 8 bathrooms
- Entitlement work has been completed, reducing pre-construction timelines and approval risk
Executive Summary
CITY APPROVED PLANS!!! Rare development opportunity in San Diego's 92102 - with a rare financing edge. This 3BR/2BA, 1,313 sqft home sits on a 5,129 sqft lot and carries an assumable FHA loan at just 2.75%, a major advantage in today's rate environment. The real value: city-approved plans to build 4 units totaling 3,839 sqft (10 bedrooms, 8 bathrooms). The slowest, riskiest, most expensive phase of any project - securing city approval - is already behind you, giving builders and investors a clear head start toward execution and after-repair value. Hold or rent the existing home while you plan, or move straight to construction. Ideal for developers, investors, and value-add buyers seeking scale in a supply-constrained market. Buyer to independently verify all plans, permits, and development rights with the City. Assumption subject to lender approval and buyer qualification.
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $850,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 1,313 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| No. Units | 1 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 12.19/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-2-5 - Multiple Unit Residential | ||
| Price | $850,000 |
| Price Per Unit | $850,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,313 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 12.19/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-2-5 - Multiple Unit Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,313 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 545-401-06 | Improvements Assessment | $292,256 |
| Land Assessment | $432,972 | Total Assessment | $725,228 |
Property Taxes
Parcel Number
545-401-06
Land Assessment
$432,972
Improvements Assessment
$292,256
Total Assessment
$725,228
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3280 Gillette St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.