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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
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
Price Per AC $7,951,434.02
Lot Size 0.14 AC
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
  • Listing ID: 42056008

  • Date on Market: 9/4/2026

  • Last Updated:

  • Address: 5007 Savannah St, San Diego, CA 92110

Contact the Sale Advisor

5007 Savannah St - 5007 Savannah St

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