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Listed by TJ Kirchoff, DRE #01983666 • LPT Realty
$ 995,000
Est. payment | /mo
2 Beds
1 Bath
806 SqFt
$ 995,000
Est. payment | /mo
2 Beds
1 Bath
806 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 806 sqft
Price per Sqft $1,234
MLS Listing ID CRNDP2608807
Bedrooms 2
Full Baths 1
Year Built 1951
Lot Size 7,700 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
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.
Location
State CA
County San Diego
Area 92115 - San Diego
Zoning RS-1-7
Interior
Cooling Central AC
Fireplaces Type None
Laundry In Garage
Exterior
Garage Spaces 1.0
Pool None
View Local/Neighborhood
Building
Story One Story
Others
Tax ID 4732620900
Special Listing Condition Not Applicable
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