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Investment Highlights
- Priced for immediate investor/developer action
- Supports low-density residential by right, with potential for higher-value uses through a Conditional Use Permit
- Two parcels totaling ±1.09 acres in the heart of Hillcrest
- Gives you scale for residential development or a future CUP-approved use like senior living or a wellness facility
Executive Summary
USE
• Vacant residential land
• Suitable for low-density residential development
• Potential for senior housing or wellness/health facility with a Conditional Use Permit (CUP)
ZONING
• OR-1-1 (Open Space Residential Zone)
• Allows single dwelling units and low-intensity residential uses
• Additional uses may be permitted through CUP
• Refer to the City of San Diego Land Development Code for full standards and requirements
LEGAL DESCRIPTION:
For APN/Parcel ID(s): 444-633-01-00 & 444-633-04-00
All of villa lot 1 of Palm Heights, in the City of San Diego, County of San Diego, State of California, according to map thereof no. 1023, filed in the Office of the County Recorder of San Diego County, January 10, 1907, together with that portion of the southerly half of University Place, lying northerly of and adjoining said portion of villa lot 1 as vacated and closed to public use by the council of the City of San Diego on June 2, 1987, by resolution no. R-268489, a certified copy of which was filed in the Office of the County Recorder of San Diego County on June 16, 1987 as file no. 87-335370, official records. Excepting therefrom the east 100 feet of the south 97 feet thereof. Also excepting therefrom, the west 70 feet of the north 69 feet thereof.
• Vacant residential land
• Suitable for low-density residential development
• Potential for senior housing or wellness/health facility with a Conditional Use Permit (CUP)
ZONING
• OR-1-1 (Open Space Residential Zone)
• Allows single dwelling units and low-intensity residential uses
• Additional uses may be permitted through CUP
• Refer to the City of San Diego Land Development Code for full standards and requirements
LEGAL DESCRIPTION:
For APN/Parcel ID(s): 444-633-01-00 & 444-633-04-00
All of villa lot 1 of Palm Heights, in the City of San Diego, County of San Diego, State of California, according to map thereof no. 1023, filed in the Office of the County Recorder of San Diego County, January 10, 1907, together with that portion of the southerly half of University Place, lying northerly of and adjoining said portion of villa lot 1 as vacated and closed to public use by the council of the City of San Diego on June 2, 1987, by resolution no. R-268489, a certified copy of which was filed in the Office of the County Recorder of San Diego County on June 16, 1987 as file no. 87-335370, official records. Excepting therefrom the east 100 feet of the south 97 feet thereof. Also excepting therefrom, the west 70 feet of the north 69 feet thereof.
Property Facts
| Price | $1,550,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.09 AC |
| Property Type | Land | ||
| Zoning | OR-1-1 - ZONING • OR-1-1 (Open Space Residential Zone) | ||
| Price | $1,550,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.09 AC |
| Zoning | OR-1-1 - ZONING • OR-1-1 (Open Space Residential Zone) |
1 Lot Available
Lot
| Price | $1,550,000 | Lot Size | 1.09 AC |
| Price Per AC | $1,422,018.35 |
| Price | $1,550,000 |
| Price Per AC | $1,422,018.35 |
| Lot Size | 1.09 AC |
PRIME INVESTMENT OPPORTUNITY PRICED TO SELL QUICK USE: Vacant-Residential Land (Opportunity for Conditional Use Permit (CUP)) ZONING: OR-1-1 This listing is for 2 lots: —APN 444-633-01-00 = 0.87AC / 37,897SF —APN 444-633-04-00 = 0.222AC / 9,688SF
1 1
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