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5488 New Mills Rd - 5488 New Mills Rd 0.8 Acres of Residential Land Offered at $749,999 in San Diego, CA 92115
Investment Highlights
- 1 mile south of SDSU
Executive Summary
Discover an exceptional investment opportunity in the College Area near SDSU! Nestled 1.1 miles walking from the campus, this prime real estate is brimming with potential for development and subdivision. The parcel has long been envisioned as an investment property. Now is the perfect moment to seize this rare opportunity and transform this property. Email ryan@robconrealty.com for the marketing packet that provides more details and photos of designs rendered in 2023.
Details about the property:
-Current owners worked with a construction company with limited scope to determine building options for single family and ADU/Junior ADU - More units can (and should) be explored via subdivision
-Topography of ~1 acre parcel includes ~0.3 acres of flat land on the bottom level, 0.3-0.4 acres of slope among the property, and another 0.2-0.3 acres of flat land on top level
-A previous workshop sits on the property that can be used for garage/storage space
-There is an open drainage that can be filled
-Please review private remarks
Property Facts
| Price | $749,999 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.80 AC |
| Property Type | Land | ||
| Zoning | RS-1-7 - Residential | ||
| Price | $749,999 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.80 AC |
| Zoning | RS-1-7 - Residential |
1 Lot Available
Lot
| Price | $749,999 | Lot Size | 0.80 AC |
| Price Per AC | $937,498.75 |
| Price | $749,999 |
| Price Per AC | $937,498.75 |
| Lot Size | 0.80 AC |
Discover an exceptional investment opportunity in the College Area south of San Diego State! This prime real estate is brimming with potential for development and subdivision. Now is the perfect moment to seize this rare opportunity.
Description
Sellers are motivated - Article in Times of San Diego Nov 2025 highlight meaningful housing boom for SDSU neighborhood - https://timesofsandiego.com/politics/2025/11/24/san-diego-college-area-community-plan-housing-sdsu/. With College Area Community Plan approved, this parcel has the potential to allow 5-9 dwelling units per acre pending city approval of submitted plans. Discover an exceptional investment opportunity in the College Area near SDSU! Nestled 1.1 miles walking from the campus, this prime real estate is brimming with potential for development and subdivision. The parcel has long been envisioned as an investment property. Now is the perfect moment to seize this rare opportunity and transform this property. Email ryan@robconrealty.com for the marketing packet that provides more details and photos of designs rendered in 2023. Details about the property: -Current owners worked with a construction company with limited scope to determine building options for single family and ADU/Junior ADU - More units can (and should) be explored via subdivision -Topography of ~1 acre parcel includes ~0.3 acres of flat land on the bottom level, 0.3-0.4 acres of slope among the property, and another 0.2-0.3 acres of flat land on top level -A previous workshop sits on the property that can be used for garage/storage space -There is an open drainage that can be filled
Property Taxes
| Parcel Number | 466-880-59 | Improvements Assessment | $10,612 |
| Land Assessment | $530,604 | Total Assessment | $541,216 |
Property Taxes
Presented by
Guardianship R.E. Solutions
5488 New Mills Rd - 5488 New Mills Rd
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