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5007 Savannah St - 5007 Savannah St 0.14 Acres of Residential Land Offered at $1,150,000 in San Diego, CA 92110



Investment Highlights
- Ground-Up Development Potential
- Desirable location, near Mission Beach & bordered by Bay Park
- 6,300 SF lot zoned RM-1-1 & in SDA/TPA overlay
Executive Summary
Located in the Morena District along the border of the Bay Park community, 5007 Savannah St presents a rare development opportunity in one of San Diego's most centrally positioned submarkets. The 6,300 square foot lot is currently improved with a 2Bed/1Bath single-family residence and is zoned RM-1-1, situated within both a Sustainable Development Area (SDA) and Transit Priority Area (TPA), a designation that meaningfully expands entitlement flexibility and density potential under San Diego's density bonus and ADU programs. The site offers a clear path to a 4 unit configuration: the existing structure can be converted from a 2Bed/1Bath layout into a 3Bed/2Bath main house, while the rear yard accommodates the addition of (3) detached 3Bed/2Bath units. The combination of lot size, zoning, and SDA/TPA overlay positions the property as a compelling ground-up or value-add development candidate for an investor targeting new construction in an infill location. Location is central to the opportunity. The property sits minutes from Mission Beach, offering future residents direct access to San Diego's coastline, and is bordered by Bay Park, one of the city's more established residential pockets. Freeway access is immediate, with both I-5 and I-8 within close reach, connecting the site to Downtown San Diego, the airport, and the broader San Diego employment corridor.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$172,200
|
$1,190,871.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,610
|
$59,543.57
|
| Effective Gross Income |
$163,590
|
$1,131,327.80
|
| Taxes |
$15,000
|
$103,734.44
|
| Operating Expenses |
$33,653
|
$232,731.67
|
| Total Expenses |
$48,653
|
$336,466.11
|
| Net Operating Income |
$114,937
|
$794,861.69
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $172,200 |
| Annual Per AC | $1,190,871.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,610 |
| Annual Per AC | $59,543.57 |
| Effective Gross Income | |
|---|---|
| Annual | $163,590 |
| Annual Per AC | $1,131,327.80 |
| Taxes | |
|---|---|
| Annual | $15,000 |
| Annual Per AC | $103,734.44 |
| Operating Expenses | |
|---|---|
| Annual | $33,653 |
| Annual Per AC | $232,731.67 |
| Total Expenses | |
|---|---|
| Annual | $48,653 |
| Annual Per AC | $336,466.11 |
| Net Operating Income | |
|---|---|
| Annual | $114,937 |
| Annual Per AC | $794,861.69 |
Property Facts
| Price | $1,150,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.14 AC |
| No. Lots | 1 | ||
| Zoning | RM-1-1 | ||
| Price | $1,150,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.14 AC |
| Zoning | RM-1-1 |
1 Lot Available
Lot
| Price | $1,150,000 | Lot Size | 0.14 AC |
| Price Per AC | $7,951,434.02 |
| Price | $1,150,000 |
| Price Per AC | $7,951,434.02 |
| Lot Size | 0.14 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
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5007 Savannah St - 5007 Savannah St
