3774 5th Ave
San Diego, CA 92103
Hillcrest Heritage · Land For Sale
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0.30 AC
Investment Highlights
- Central location with very high walk scores!
- Other major projects going in right now!
- Very desirable neighborhood would garner top rents!
- Current income while you work on permitting!
Property Facts
| Property Type | Land | Total Lot Size | 0.30 AC |
| Property Subtype | Residential | No. Stories | 2 |
| Proposed Use | Mixed Use | ||
| Zoning | CC-3-9 - Allows up to 66 residential units plus commercial (with the Density Bonus) | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.30 AC |
| No. Stories | 2 |
| Zoning | CC-3-9 - Allows up to 66 residential units plus commercial (with the Density Bonus) |
Description
Currently a mixed use property consisting of 10 residential units and two commercial units. Under current zoning a total of 33 units can be built. If you utilize Density Bonus regulations current zoning allows up to 66 residential units and commercial. Total square footage of improvements would be 39,648 and project could be built up to 200 feet in height. The Density Bonus is permissible as long as 2 units are designated for very low income (30-55% of the median income) plus all current units which are low income be replaced in the new development as low income units. For example, if it is determined that the seven residential units are low income. Then these units would be replaced as 7 low income units in the new project. The very low and low income units are deed restricted for 55 years.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,272,822 | |
| Land Assessment | $738,632 | Total Assessment | $2,011,454 |
Property Taxes
