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4221 51st St - Infill Opportunity | Covered Land | TPA, CCPA 0.08 Acres of Residential Land Offered at $625,000 in San Diego, CA 92115



Investment Highlights
- Infill opportunity in high demand rental market
- Covered land with value add and/or full scale redevelopment potential
- Proximity to SDSU and all major San Diego freeways
- Transit Priority Area, Complete Communities (Tier 3) with 6.5 FAR
- Existing structure with excess land for additional units
Executive Summary
Currently zoned RM 1-3, the site also benefits from both Transit Priority Area (TPA) and Complete Communities (Tier 3) designations—unlocking enhanced density potential, increased floor area ratios, and additional height allowances.
Situated less than a block from Colina Park Golf Course and Recreation Center, the site is also within walking distance to area retail as well as multiple elementary, middle, and charter schools. The location also offers convenient access to San Diego State University (SDSU), public transit options and has excellent connectivity to all major San Diego freeways, enhancing long-term tenant appeal and reinforcing the site’s Transit Priority designation benefits.
This is a compelling opportunity for developers and investors to capitalize on both immediate income potential and long-term redevelopment upside in one of San Diego’s active growth corridors.
Property Facts
1 Lot Available
Lot
| Price | $625,000 | Lot Size | 0.08 AC |
| Price Per AC | $8,052,359.66 |
| Price | $625,000 |
| Price Per AC | $8,052,359.66 |
| Lot Size | 0.08 AC |
Currently zoned RM 1-3, the site also benefits from both Transit Priority Area (TPA) and Complete Communities (Tier 3) designations—unlocking enhanced density potential, increased floor area ratios, and additional height allowances.
Description
Opportunity to acquire a centrally located infill site in the high-demand rental market of City Heights. The property features an unoccupied single-family residence, presenting immediate value-add potential through redevelopment or repositioning while pursing plans for future development. Currently zoned RM 1-3, the site also benefits from both Transit Priority Area (TPA) and Complete Communities (Tier 3) designations—unlocking enhanced density potential, increased floor area ratios, and additional height allowances, making it ideal for a multifamily project. Situated less than a block from Colina Park Golf Course and Recreation Center, the site is also within walking distance to area retail as well as multiple elementary, middle, and charter schools. The location also offers convenient access to San Diego State University (SDSU), public transit options and has excellent connectivity to all major San Diego freeways, enhancing long-term tenant appeal and reinforcing the site’s Transit Priority designation benefits. This is a compelling opportunity for developers and investors to capitalize on both immediate income potential and long-term redevelopment upside in one of San Diego’s active growth corridors.
Property Taxes
| Parcel Number | 472-162-08 | Improvements Assessment | $94,602 |
| Land Assessment | $136,229 | Total Assessment | $230,831 |
Property Taxes
Presented by
4221 51st St - Infill Opportunity | Covered Land | TPA, CCPA
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