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Five-parcel assemblage totaling ±0.71 acres in San Diego's College Area, currently in process for RM-4-10 zoning, allowing ~78 units by right. The properties generate over $40,000 per month in in-place income, providing strong carry during entitlement and pre-development. Density bonus pathways offer significant upside, including up to ~102 units under HAP 2.0 or up to ~155 units with a 100% micro-unit program. Existing residential improvements support near-term cash flow with long-term redevelopment potential. Priced at $9M (~$287/SF land), competitive for the submarket given scale, zoning upside, and proximity to SDSU's 40,000+ student population. Well-suited for multifamily or student-oriented housing. OM and Zoning Plan are available in the Documents section.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 1/7/2026 | Tract | San Diego |
|---|---|---|---|
| Year Built | 0 | Community | 92115 - San Diego |
| County | San Diego |
Additional Details
| AREA | 92115 - San Diego |
|---|---|
| LOT | 0.7192 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 31330 |
| SUBDIVISION | San Diego |
| UTILITIES | See Remarks |
| WATER | See Remarks |
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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