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- LoopNet Team
3577 3rd Ave
San Diego, CA 92103
PRICE REDUCED! PRIME MULTIFAMILY OPPORTUNITY · Land For Sale
·
0.15 AC
INVESTMENT HIGHLIGHTS
- Build new or take advantage of excellent ADU potential
- Cleared Historical Review
- Proximity to Balboa Park and Downtown with convenient access to Hwy 163, I-5, and I-8
- Complete Communities Tier 2 with FAR of 8
- Walking distance to top ranked restaurants, parks, cafes, shops, farmers market, schools, and entertainment
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.15 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | RM-3-9 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.15 AC |
| No. Stories | 1 |
| Zoning | RM-3-9 |
DESCRIPTION
PRICE REDUCED! CBRE is pleased to offer for sale an outstanding multifamily development opportunity in Hillcrest (92103), one of central San Diego's strongest housing markets. The site has cleared Historical Review and is Complete Communities Tier 2 with an FAR of 8. The base zoning is RM-3-9 (600 SF/DU). The existing single family house is rented for $3,200 per month. Build new or take advantage of excellent ADU potential. 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.
