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Apartment Development Site with Existing Buildings
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712 - 740 Cedar St, San Diego, CA 92101

Existing apartment buildings totaling 32 units on a downtown development site zoned for up to 96 units.

Property SizeContact for details
Lot Size0.46 Acres
Days on Market125

Property Features for 712 - 740 Cedar St

General Information

Standard status Active
Lot size 0.46 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 32

Building Details

Construction San Francisco Nob Hill-Style
Listing Agency: Lee Sheppard
Listed By: Lee Sheppard · License #CA 00797803
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 5:19PM

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 for-sale development site includes three existing apartment buildings totaling 32 units. Improvements also include a penthouse that is described as divisible into two units, and unit 5 at 740 Cedar that is described as divisible into a studio and management office. The attic space at 740 Cedar has been improved into a loft space.

The site is described as the highest point in downtown San Diego on Cortez Hill, offering views over San Diego Bay, the ocean, and Balboa Park. The main frontage is identified as the north side of Cedar St in the 700 block between 7th and 8th streets, and the site is approximately 100 by 200 feet.

The property is stated to be zoned for 96 units with a height limit of 160 feet. Buyer is instructed to confirm all statements with City and Airport Authority staff.

Key Highlights

  • Downtown San Diego development site on the highest point of Cortez Hill (peak of Cortez Hill).
  • Zoned for up to 96 units with a 160‑ft height limit; stated FAR of 8.0 and maximum density of 210 units/acre.
  • Site area approximately 19,994 SF (about 100' x 200'), with main frontage on the north side of Cedar St (700 block between 7th and 8th).

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Butcher Veterinary Clinic Clothing & Fashion Store Restaurant

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

Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

10,875
Businesses Nearby

Demographics for 92101, CA

47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
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?
Apartment building - Existing apartment buildings totaling 32 units on a downtown development site zoned for up to 96 units.
Where is this apartment building located?
The property is located at 712 - 740 Cedar St San Diego, CA.
What are key features of this property?
This property features: Downtown San Diego development site on the highest point of Cortez Hill (peak of Cortez Hill).; Zoned for up to 96 units with a 160‑ft height limit; stated FAR of 8.0 and maximum density of 210 units/acre.; Site area approximately 19,994 SF (about 100' x 200'), with main frontage on the north side of Cedar St (700 block between 7th and 8th).
More about this property
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