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Residential Development Site with Existing Units
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Contact for pricing
Pending

4716 Arizona St, San Diego, CA 92116

Development site in University Heights with three existing units and entitlement studies supporting multiple density scenarios.

Property SizeContact for details
Days on Market124

Property Features for 4716 Arizona St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Lee Sheppard
Listed By: Lee Sheppard · License #CA 00797803
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Apr 11 at 5:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee Sheppard

Investment Insights

Based on property information with market context.

This residential development site in University Heights includes three existing units that can provide income during planning. The seller has completed a survey, geological reports, and historic review, with historic review passed. The base zoning appears to support up to 10 luxury townhomes, with the possibility of additional density through San Diego’s Bonus Density program, including up to 15 units or up to 20 micro-units. The property is also described as offering pastoral views over Mission Valley.

A larger project may be possible with an adjacent 2.6-acre parcel that includes four existing units. That adjacent parcel is described as zoned for 18 units, with density bonus potential up to 27 units, which would bring a combined total to 41 units or 56 micro-units. The seller will consider offers.

Key Highlights

  • 54‑acre development site in University Heights with 3 existing units to generate income during planning
  • Entitlement studies support multiple density scenarios based on base zoning and San Diego bonus density
  • Base zoning appears to allow 10 luxury townhomes, with bonus density potentially up to 15 units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Storage Facility Tanning Salon Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,426
Businesses Nearby

Demographics for 92116, CA

31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Development site in University Heights with three existing units and entitlement studies supporting multiple density scenarios.
Where is this triplex located?
The property is located at 4716 Arizona St San Diego, CA.
What are key features of this property?
This property features: 54‑acre development site in University Heights with 3 existing units to generate income during planning; Entitlement studies support multiple density scenarios based on base zoning and San Diego bonus density; Base zoning appears to allow 10 luxury townhomes, with bonus density potentially up to 15 units
More about this property
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