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Permitted Multifamily Development Site

4476-4478 Ocean View Blvd, San Diego, CA 92113

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Construction-ready plan for a 29-unit residential community with permits issued, ready for an immediate start.

Property Size14,061 SF
Price / SF$99.57
Days on Market148

Property Features for 4476-4478 Ocean View Blvd

General Information

Standard status Active
Size 14,061 SF
Property subtype Multifamily
Zoning RM-2-5
Investment Type Redevelopment

Site & Location

Neighborhood Mountain View

Additional Details

Multifamily Units 29

Building Details

Year Built 2024
Buildings 2
Stories 3
Units 29
Listing Agency: Colliers - Los Angeles - La Jolla, California
Listed By: Aaron Bove · License CA #01318320
Source: Crexi
Added: Jun 17 Changed: Nov 9 Last Checked: Nov 10 at 9:02AM

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 Colliers - Los Angeles - La Jolla, California

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Investment Insights

Based on property information with market context.

4476-4478 Ocean View Boulevard is a fully permitted, construction-ready multifamily development site in San Diego. The project has received building permits and RTI approval for a 29-unit residential community comprised of 27 newly constructed ADUs and one garage-conversion ADU, while preserving the existing single-family residence. The approved development includes a three-story residential building totaling approximately 14,061 gross square feet and 13,355 rentable square feet, with a unit mix of studio and one-bedroom floor plans.

Permits have been issued for building, electrical, mechanical, plumbing, and right-of-way, enabling a buyer to begin construction without further entitlement, design, and permitting timelines. The site is located within the City of San Diego, with proximity to major employment centers, Downtown San Diego, Naval Base San Diego, transit corridors, and neighborhood-serving retail and services.

For developers and multifamily operators seeking a streamlined path to new construction, this plan offers an efficient unit mix and an advanced permitting status supported by issued permits and RTI approval. With studios and one-bedroom ADU-style units, the project is positioned as a workforce-focused housing product based on the approved development program.

Key Highlights

  • Construction‑ready multifamily development site in the City of San Diego with permits issued and RTI approval
  • Approved 29‑unit residential community: 27 newly constructed ADUs plus 1 garage‑conversion ADU, with preservation of an existing single‑family residence
  • Three‑story residential building approved totaling ~14,061 gross SF and 13,355 rentable SF

Property Analytics

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Lease Details

29
Residential units

Location Intelligence

Trade Area within ½ mile

540
Businesses Nearby

Demographics for 92113, CA

50,457
Population
14,443
Households
3.5
Avg Household Size
32
Median Age
11%
College-Educated
69%
High-School Grad
4.5 sq mi
ZIP Area
11,213
Density / Sq Mi
$59,177
Median Household Income
$31,099
Median Earnings
$1,608
Median Rent
$559,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in San Diego, CA

$595 Jul
$593 Aug
$600 Sep
$592 Oct

Properties on Market for Apartment buildings in San Diego

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Construction-ready plan for a 29-unit residential community with permits issued, ready for an immediate start.
Where is this apartment building located?
The property is located at 4476-4478 Ocean View Blvd San Diego, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Construction‑ready multifamily development site in the City of San Diego with permits issued and RTI approval; Approved 29‑unit residential community: 27 newly constructed ADUs plus 1 garage‑conversion ADU, with preservation of an existing single‑family residence; Three‑story residential building approved totaling ~14,061 gross SF and 13,355 rentable SF
(858) 945-7094 Call to check price and availability
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