Property summary
Prime Hilcrest location, this 5-unit multifamily property (1 two-bedroom, one-bath house and 4 bungalows) presents a rare redevelopment opportunity. Built in 1927 and never before on the market, the property sits on a 6,313 sq ft lot and boasts 2,428 sq ft of existing building space. Currently vacant, it offers significant upside potential. The RM 3-9 zoning allows for residential development up to 10 units at 1/600 sq ft per unit. Its central location, blocks from hospitals, Balboa Park, and downtown San Diego, adds to its desirability. The property is situated within several advantageous designations including Complete Communities Housing Solutions (CCHS) FAR Tier 2: 8.0 FAR, Complete Communities Mobility Choices (CCMC) Mobility Zone 2, Sustainable Development Area (SDA), and Transit Priority Area. This is a value-add investment perfect for a 1031 exchange. Asking price: $2,395,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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