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Mira Mesa Blvd blvd - The Mesa 7.75 Acres of Residential Land in San Diego, CA 92121

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Investment Highlights

Supply Constraints: No new residential product has been delivered in Sorrento Mesa in over 30 years, highlighting a significant supply constraint.
High Pricing Benchmarks: Attached product sales are trending at approximately $850 PSF in Carmel Valley, $1,000 PSF in Del Mar, $700 PSF at 3 Roots,
Life Science Anchor: One of the nation’s strongest life science and tech hubs continues to drive long-term housing demand and economic resilience.

Limited Pipeline: Few new townhomes or multifamily projects reinforce scarcity-driven value.
Tight Rental Market: Multifamily vacancy remains minimal, underscoring strong, sustained demand.

Executive Summary

With a clear path to development with “by right” zoning, The Mesa offers an opportunity to develop townhomes and/or multifamily in one of the top life science and tech districts in the County. This 7.75-acre property is steps away from Google, Meta, Qualcomm, Dexcom, and Helogic, with over 8.5 million SF of life science space driving demand.

The-Mesa_Teaser_CBRE

Property Facts

Sale Type	Investment	Proposed Use	Multifamily Apartment Units - Condo
No. Lots	1	Total Lot Size	7.75 AC
Property Type	Land	Cross Streets	Flanders Drive
Property Subtype	Residential
Zoning	EMX-1 - Zoned EMX-1, the site supports 100% residential through incentives, enabling high-density housing with a streamlined permitting process.

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units - Condo
Total Lot Size	7.75 AC
Cross Streets	Flanders Drive
Zoning	EMX-1 - Zoned EMX-1, the site supports 100% residential through incentives, enabling high-density housing with a streamlined permitting process.

1 Lot Available

Lot

Lot Size	7.75 AC

Lot Size	7.75 AC

Description

Clear Path To Development With “By Right” Zoning Opportunity to develop townhomes and/or multifamily in one of the top life science and tech districts in the County. Steps to Google, Meta, Qualcomm, Dexcom, and Helogic, with over 8.5 million SF of life science space driving demand. The Mesa, offers a once-in-a-generation opportunity to build: • Option 1: 165± Townhomes (7.75 Acres) • Option 2: 679± Multifamily (wrap) units (7.75 Acres) • Option 3A/3B: 83± Townhomes (4.35 Acres) and 303± multifamily (wrap) units* (3.42 Acres) *Additional density achievable under by-right zoning for all options The life science boom in San Diego supports over 170,000 jobs and generates $43.1 billion in annual economic activity, fueling sustained housing demand. This five-parcel property allows for by-right development up to a 3.0 FAR, with two points of access and high-visibility frontage along Mira Mesa Boulevard. With Torrey Pines and UTC nearly built out, Sorrento Mesa has emerged as the West Coast’s next “it” market for innovation and residential growth. No in-place lease encumbrances ensure a smooth redevelopment process.

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Mira Mesa Blvd blvd, San Diego, CA - Aerial map view - Image1

Mira Mesa Blvd blvd, San Diego, CA - Aerial map view - Image2

Mira Mesa Blvd blvd, San Diego, CA - Aerial map view - Image3

Fairly walkable

50/100

Exceptionally drivable

100/100

Limited public transit

30/100

Moderately bikeable

60/100

Source: Local Logic^®

Property Taxes

Parcel Numbers	Multiple 341-361-06 341-361-07 341-361-42 341-341-01	Improvements Assessment	$19,420,106
Land Assessment	$38,362,668	Total Assessment	$57,782,774

Property Taxes

Parcel Numbers

Multiple

341-361-06
341-361-07
341-361-42
341-341-01

Land Assessment

$38,362,668

Improvements Assessment

$19,420,106

Total Assessment

$57,782,774

(858) 546-5414

Contacts

Jason Kimmel
Kevin Nolen
Rachel Parsons
Derrek Ostrzyzek
CBRE

Listing ID: 38143201
Date on Market: 10/20/2025
Last Updated:
Address: Mira Mesa Blvd blvd, San Diego, CA 92121

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Mira Mesa Blvd blvd, San Diego, CA for sale Aerial- Image 1 of 4 — mesa eblast 2_

Mira Mesa Blvd blvd, San Diego, CA for sale Aerial- Image 2 of 4 — The Mesa Images_2

Mira Mesa Blvd blvd, San Diego, CA for sale Aerial- Image 3 of 4 — The Mesa Images

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Mira Mesa Blvd blvd - The Mesa

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