Property Detail

Description

Seller will entertain offers between 1,199,000 - $1,399,000. Compelling South San Diego development opportunity featuring an existing single-family residence plus a proposed 15-unit ADU development. The project is well advanced through the City of San Diego approval process, providing a buyer the opportunity to step into a project that has already progressed substantially through planning and design. The proposed development includes approximately 10,839 square feet of new residential construction across three stories, with a diversified mix of one-, two- and three-bedroom residences ranging from approximately 474 to 933 square feet. The current plans provide for 20 covered ground-level parking spaces. Upon completion, the property would feature 16 total residential units, including the existing residence. The proposed 15-unit program consists of one by-right ADU, seven deed-restricted affordable ADUs, and seven bonus ADUs, creating an efficient path to substantially increase density while retaining the existing residence. An attractive opportunity for a developer or investor seeking a well-progressed infill multifamily project in South San Diego with significant entitlement and design work already completed.