Fully occupied and income-producing, the Arizona Street parcels at 4712 & 4714–16 Arizona St offer a rare 23,000 SF development opportunity in the heart of University Heights. This double-lot site presents a compelling blend of stable in-place income and long-term redevelopment potential in one of San Diego’s most desirable infill… Read More neighborhoods. The property currently generates $8,125/month from a remodeled single-family home and a well-maintained duplex. Much of the site is dedicated to surface parking, creating a clear path for higher-density residential development. Plans have been submitted to the City of San Diego for 18 two-story ADU townhome units (nine duplex-style buildings), streamlining the path for a buyer to execute on a shovel-ready strategy—or adapt the site for their own vision. Located within a Transit Priority Area and zoned RM-1-1, the site benefits from reduced parking requirements and enhanced density options. This site is available individually or as part of a larger 3.14-acre portfolio when combined with the adjacent 2436 Adams Avenue property, which features an additional 16 entitled units. Together, the assemblage offers 34 proposed units across three prime parcels. Whether acquired separately or as part of a larger play, this is a standout opportunity for developers and investors seeking immediate income with entitlement upside in central San Diego. Read Less
Listing Snapshot
Days Online
93
Last Updated
Property Type
Other
Lot Size
0.54 Acres
Year Built
1950
MLS Number
250033791SD
30 Days Snapshot Of 92116
$1.13M
-4%
(avg) sold price
14
-33%
homes sold
48
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1950, Levels: One, 1 story, 2 buildings
Cooling
WallWindowUnits
Fence
Partial
Income
Net operating income: $68,250
Lot
0.545 acres, 23,739 square feet, Size: 23,739
Property
Zoning: RM1-1
Roof
Composition
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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