1028-44 Cesar E Chavez Pkwy, San Diego, CA 92113 - MLS#250045298

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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$1,849,900

Est. payment - /mo

4 Beds

1 SqFt

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Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $1,849,900

MLS Listing ID 250045298

Bedrooms 4

Lot Size 7,034 Sqft

Property Sub-Type Com-Res Income

Property Description

Once in a lifetime development opportunity in a highly desired opportunity zone in a fast growing neighborhood! You can potentially build 35+ residential units plus ground floor commercial retail space with CN 1-4 zoning allowing up to a 65ft height limit, this is a rare opportunity! On a corner lot, this property faces 2 streets and has alley access, which is key for a complete community development. Being so close to public transportation, this property may qualify for a complete community and Bonus ADU programs. This property could get even more exciting as SB-79 passes and hopefully being able to add even more units! Located in an opportunity zone, this property could provide substantial tax savings if bought through a QOF. Featuring 5 detached houses all roughly 350sqft each which gross about $10k a month, providing strong cash flow that can help with carrying costs as a potential developer goes through plans and permitting phases. Nearly $100k worth of upgrades has been invested into the property this year with new sewer line, new water lines, new electrical service, and a full remodel on one of the units. This could be a great buy and hold or development opportunity in one of San Diego's trendiest markets with views to Downtown San Diego and Petco Park and minutes to Coronado, Chicano Park, and the Navy Base.

Location

State CA

County San Diego

Area Metro Central

Zoning INDUSTRIAL

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Others

Senior Community No

Tax ID 538-240-24-00

Acceptable Financing Cash, Other/Remarks

Listing Terms Cash, Other/Remarks

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Listed by Christian T Meno Compass

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

1028-44 Cesar E Chavez Pkwy San Diego, CA 92113

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

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