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3683 Indiana St - 3683-89 Indiana St 0.24 Acres of Residential Land Offered at $3,450,000 in San Diego, CA 92103
INVESTMENT HIGHLIGHTS
- High Density Multifamily Development Opportunity – 6.5 FAR
- Large 10,500 Square Foot Lot w/ Rear Alley Access
- Top Tier Rental Submarket
- Prime Hillcrest Location in City of San Diego
- All Existing Structures w/ Full Historical Clearance as of March 2025
- Walking Distance to Top Retail, Dining, Trendy Cafes and Parks
EXECUTIVE SUMMARY
CBRE is pleased to present 3683-3689 Indiana St, an ± 10,500 square foot lot for multifamily redevelopment in San Diego’s iconic Hillcrest neighborhood. The site rests within the high-density Tier Three 6.5 FAR Complete Communities Housing Solutions Overlay allowing a full range of residential development of up to ± 68,250 square feet of building area. The base zone is RM 3-7 allowing 1 unit per 1,000 sf of lot space.
Current improvements consist of four residential units across three separate structures, allowing a developer to generate income while processing entitlements. Full historical clearance of all buildings has been granted as of March 2025.
The Hillcrest submarket is a San Diego mainstay home to Balboa Park, a vibrant arts scene and some of the best restaurants and bars in town. Hillcrest is also a hub of LGBTQ+ culture and hosts the annual San Diego Pride Parade, which is one of the largest such celebrations in the United States. Major local employers include UCSD Medical Center and Scripps Hospital. This thriving culture and strong job base leads Hillcrest to be one of the leading rental submarkets in all of San Diego.
Current improvements consist of four residential units across three separate structures, allowing a developer to generate income while processing entitlements. Full historical clearance of all buildings has been granted as of March 2025.
The Hillcrest submarket is a San Diego mainstay home to Balboa Park, a vibrant arts scene and some of the best restaurants and bars in town. Hillcrest is also a hub of LGBTQ+ culture and hosts the annual San Diego Pride Parade, which is one of the largest such celebrations in the United States. Major local employers include UCSD Medical Center and Scripps Hospital. This thriving culture and strong job base leads Hillcrest to be one of the leading rental submarkets in all of San Diego.
PROPERTY FACTS
| Price | $3,450,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.24 AC |
| Price | $3,450,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.24 AC |
1 LOT AVAILABLE
Lot
| Price | $3,450,000 | Lot Size | 0.24 AC |
| Price Per AC | $14,312,561.45 |
| Price | $3,450,000 |
| Price Per AC | $14,312,561.45 |
| Lot Size | 0.24 AC |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 452-214-28 | Improvements Assessment | $382,500 |
| Land Assessment | $1,122,000 | Total Assessment | $1,504,500 |
PROPERTY TAXES
Parcel Number
452-214-28
Land Assessment
$1,122,000
Improvements Assessment
$382,500
Total Assessment
$1,504,500
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3683 Indiana St - 3683-89 Indiana St
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