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Amazing development opportunity just weeks away from being shovel-ready, or perfect for a homeowner looking for rental-income and generational wealth. The existing 3-bedroom, 2-bathroom single-family residence is fully remodeled and offers 1073 square feet of modern living space, with a large primary suite featuring an ensuite bathroom. Situated on a generous lot and backed by Southcrest Community Park, this property includes a fenced-in front and back yard and a 1-car garage. Located in an Opportunity Zone with RM-1-1 zoning, it’s perfect for development. The lot is also located in a Sustainable Development Area ("SDA Zone"). This property is just 1-2 months away from full permit issuance to build 4 additional units (each 726 sqft, 2 bedrooms, 2 bathrooms) on the back half of the lot with convenient alley access, with 5 parking spots. All planning and design fees up to this point have already been paid. Projected rents of $15,000+/month after completion make this a highly attractive investment. Don’t miss out on this exceptional development opportunity in the heart of Southcrest.
Last Updated | 9/20/2024 | Year Built | 1952 |
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Community | Logan Heights | Garage Spaces | 1.0 |
County | San Diego |
Additional Details
AIR | None |
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APPLIANCES | 6 Burner Stove, Dishwasher, Disposal, Refrigerator |
AREA | Logan Heights |
CONSTRUCTION | Other |
GARAGE | Concrete, Yes |
HEAT | Natural Gas |
LOT | 7163 sq ft |
PARKING | Concrete |
POOL DESCRIPTION | None |
STORIES | 1 |
WATER | Public |
ZONING | R-2:MINOR |
Location
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