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5023 63rd St 0.23 Acres of Residential Land in San Diego, CA 92115
Investment Highlights
- ±10,000 SF redevelopment site in San Diego's College Area
- Complete Communities Housing Solutions (CCHS) Tier 3 Overlay, Sustainable Development Area (SDA) and Transit Priority Area (TPA)
- Less than ¼ mile from San Diego State University
- RM-2-5 zoning with significant multifamily development potential
- Existing single-family residence provides interim holding income
Executive Summary
The property is situated on a generously sized lot with RM-2-5 zoning and benefits from the Complete Communities Housing Solutions (CCHS) Tier 3 Overlay, Sustainable Development Area (SDA), and Transit Priority Area (TPA) designations, allowing for significantly increased residential density, reduced parking requirements, and a streamlined path to development.
Currently improved with an income-producing residential property, the site offers holding income while a buyer advances redevelopment plans. Located less than a quarter mile from San Diego State University, the property is surrounded by strong rental demand, major employment centers, shopping, dining, and public transit, making it well suited for a new multifamily development.
Currently improved with an income-producing residential property, the site offers holding income while a buyer advances redevelopment plans. Located less than a quarter mile from San Diego State University, the property is surrounded by strong rental demand, major employment centers, shopping, dining, and public transit, making it well suited for a new multifamily development.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 0.23 AC |
| Zoning | RM-2-5 - CCHS Tier 3 Overlay | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.23 AC |
| Zoning | RM-2-5 - CCHS Tier 3 Overlay |
1 Lot Available
Lot
| Lot Size | 0.23 AC |
| Lot Size | 0.23 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 467-200-23 | Improvements Assessment | $205,020 |
| Land Assessment | $1,008,780 | Total Assessment | $1,213,800 |
Property Taxes
Parcel Number
467-200-23
Land Assessment
$1,008,780
Improvements Assessment
$205,020
Total Assessment
$1,213,800
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5023 63rd St
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