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5023 63rd St 2 Unit Apartment Building For Sale San Diego, CA 92115
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 | Building Class | C |
| Sale Condition | Redevelopment Project | Lot Size | 0.23 AC |
| No. Units | 2 | Building Size | 1,157 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | ||
| Zoning | RS-1-7 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 1,157 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | RS-1-7 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
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 | $209,120 |
| Land Assessment | $1,028,955 | Total Assessment | $1,238,075 |
Property Taxes
Parcel Number
467-200-23
Land Assessment
$1,028,955
Improvements Assessment
$209,120
Total Assessment
$1,238,075
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5023 63rd St