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Rare turnkey development opportunity featuring fully entitled and already issued permitted approvals. This 0.18-acre parcel in the desirable Rolando Park neighborhood contains an already fully renovated single-family residence with all necessary permits and fees paid for construction of seven new residential units (3,783 SF total) using the ADU bonus program. With permits already in hand, this opportunity drastically reduces entitlement risk and soft costs, allowing developers to move directly into vertical construction on day one. Finished plans call for seven units (6 new) comprising four 1-bedroom/1-bathroom apartments, two 2-bedroom/1-bathroom apartments, and one 2-bedroom/1-bathroom single-family home (existing), projecting $18,000 per month in gross income. Located in the prime Rolando Park neighborhood, the property offers a walkable setting with easy access to San Diego State University, quality retail, dining, and the I-94 corridor. This centrally located San Diego submarket continues to experience persistently high housing demand, positioning this project perfectly for immediate production and strong returns.
Property Type(s):
Single Family
| Last Updated | 9/19/2026 | Year Built | 1951 |
|---|---|---|---|
| Community | 92115 - San Diego | Garage Spaces | 1.0 |
| County | San Diego |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 92115 - San Diego |
| GARAGE | Attached Garage, Yes |
| HEAT | None |
| LOT | 7701 sq ft |
| LOT DIMENSIONS | 7700 |
| PARKING | Attached |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
Location
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Listed with LPT Realty
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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