$1,845,000

A very well-located high-density multi-family development site situated in the Bay Park neighborhood of San Diego. Flexible commercial zoning (CC 4-2) allows for commercial or residential uses. This 9,280 square-foot paved corner lot is level and has alley access. Located within San Diego’s Complete Communities overlay (providing a 5.5 FAR allowance). Complete Communities is an initiative by the City of San Diego that provides high-density residential development along the city’s transit corridors. Fault hazard evaluation has determined that there is no evidence of active faults. Phase I & II, boundary & topographic survey, soils report and feasibility study are complete. Take advantage of the Starter Home Act (SB 684 + SB 1123) which makes it much easier to create small-lot, for-sale housing projects without a lengthy entitlement process - Seller has multiple studies including: 9 townhomes + 74 unit building. Call for details.