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5005 63rd St 0.77 Acres of Commercial Land in San Diego, CA 92115
Investment Highlights
- ±33,400 SF assemblage located less than ¼ mile from San Diego State University
- RM-2-5 zoning within a Tier 3 Complete Communities area
- Covered-land opportunity offering holding income while development plans are pursued
- Three contiguous parcels totaling approximately 0.77 acres
- Potential development intensity of up to 6.5 FAR, subject to applicable approvals
- Existing seven-unit residential improvements
Executive Summary
Exceptional urban infill redevelopment opportunity in the heart of San Diego’s highly sought-after College Area. Located at 5005, 5011 & 5023 63rd Street, this ±33,400 square foot assemblage presents developers and investors with a rare opportunity to control a large-scale site positioned just minutes from SDSU, one of Southern California’s strongest demand drivers for housing.
The site is zoned RM-2-5 and benefits from SDA, TPA, and CCHS Tier 3 incentives, allowing for up to 6.5 FAR and significant residential density. Combined with income from seven existing units and its prime location near SDSU, transit, and major amenities, the property offers a rare opportunity to generate holding income while pursuing a high-density multifamily development.
The site is zoned RM-2-5 and benefits from SDA, TPA, and CCHS Tier 3 incentives, allowing for up to 6.5 FAR and significant residential density. Combined with income from seven existing units and its prime location near SDSU, transit, and major amenities, the property offers a rare opportunity to generate holding income while pursuing a high-density multifamily development.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.77 AC |
| Lot Size | 0.77 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 467-200-25 | Improvements Assessment | $159,468 |
| Land Assessment | $132,887 | Total Assessment | $292,355 |
Property Taxes
Parcel Number
467-200-25
Land Assessment
$132,887
Improvements Assessment
$159,468
Total Assessment
$292,355
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