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4515 Texas St - 20 Unit RTI Development Opportunity 0.16 Acres of Residential Land Offered at $1,749,000 in San Diego, CA 92116
Investment Highlights
- 20 Unit RTI Development Opportunity
- Contemporary Modern Design
- Ground-Floor Lounge or Flex Use
- Roof Top Deck
- Prime Infill Location
- High FAR Density
Executive Summary
We are proud to present 4515-17 Texas Street, San Diego, CA, a duplex offered at $1,795,000 that combines stabilized income from renovated units with a compelling multi-family 20 unit development opportunity. Nestled in a vibrant San Diego neighborhood, this RTI development opportunity is ideally positioned for visibility and walkability. The property offers excellent access to local dining and boutique retail, blending a relaxed lifestyle with urban convenience. With permits & entitlement ready, the site also offers a clear path for appreciation and cash flow growth. Located just minutes from downtown San Diego, this asset is ideal for investors seeking to develop a shovel ready project in heart of the city.
Hipsters, young professionals and students hang out in trendy North Park, where coffee shops, craft-beer bars and indie boutiques line University Avenue. The restaurant scene is heavy on brunch spots, upscale pubs, taquerias and sushi lounges, and nightlife often revolves around the Observatory North Park, a 1929 theater that hosts rap, rock and electronica. The North Park Thursday Market also features live music.
Hipsters, young professionals and students hang out in trendy North Park, where coffee shops, craft-beer bars and indie boutiques line University Avenue. The restaurant scene is heavy on brunch spots, upscale pubs, taquerias and sushi lounges, and nightlife often revolves around the Observatory North Park, a 1929 theater that hosts rap, rock and electronica. The North Park Thursday Market also features live music.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $1,749,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Proposed Use | Multifamily | |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Zoning | RM-2-5 | ||
| Price | $1,749,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.16 AC |
| Zoning | RM-2-5 |
1 Lot Available
Lot
| Price | $1,749,000 | Lot Size | 0.16 AC |
| Price Per AC | $10,874,431.10 |
| Price | $1,749,000 |
| Price Per AC | $10,874,431.10 |
| Lot Size | 0.16 AC |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 445-161-13 | Total Assessment | $1,352,520 (2026) |
| Land Assessment | $1,118,430 (2026) | Annual Taxes | ($1) |
| Improvements Assessment | $234,090 (2026) | Tax Year | 2027 |
Property Taxes
Parcel Number
445-161-13
Land Assessment
$1,118,430 (2026)
Improvements Assessment
$234,090 (2026)
Total Assessment
$1,352,520 (2026)
Annual Taxes
($1)
Tax Year
2027
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