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Value-add opportunity in the heart of Morena. This 5,000 SF lot zoned RM-3-7 supports increased residential density by right, making it an ideal acquisition for a developer or investor with a multifamily vision. The property consists of (2) units "” (1) 1bed/1bath and (1) 2bed/2bath "” currently tenant-occupied with in-place cash flow while you plan or entitle. A private driveway provides ample off-street parking for both units. Steps from USD, minutes to Mission Bay, Old Town, Fashion Valley, and SAN Airport. Morena Boulevard's restaurants, coffee shops, and breweries are right around the corner "” the kind of walkable, amenity-rich neighborhood that tenants don't leave. All zoning and development potential to be verified by buyer.
Property Type(s):
Residential Income
| Last Updated | 4/1/2026 | Tract | San Diego |
|---|---|---|---|
| Year Built | 1947 | Community | 92110 - Old Town Sd |
| County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 92110 - Old Town Sd |
| LOT | 0 |
| STORIES | 1 |
| SUBDIVISION | San Diego |
Location
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Listed with Landmark Multifamily and Development
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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