Rare turnkey development opportunity featuring fully entitled and already issued permitted approvals. This 0.18-acre parcel in the desirable Rolando Park neighborhood contains an already fully renovated single-family residence with all necessary permits and fees paid for construction of seven new residential units (3,783 SF total) using the ADU bonus program.… Read More With permits already in hand, this opportunity drastically reduces entitlement risk and soft costs, allowing developers to move directly into vertical construction on day one. Finished plans call for seven units (6 new) comprising four 1-bedroom/1-bathroom apartments, two 2-bedroom/1-bathroom apartments, and one 2-bedroom/1-bathroom single-family home (existing), projecting $18,000 per month in gross income. Located in the prime Rolando Park neighborhood, the property offers a walkable setting with easy access to San Diego State University, quality retail, dining, and the I-94 corridor. This centrally located San Diego submarket continues to experience persistently high housing demand, positioning this project perfectly for immediate production and strong returns. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
1
Square Ft.
806
Lot Size
0.18 Acres
Year Built
1951
MLS Number
NDP2608807
Additional Details
Building
Built in 1951, Living area: 806.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: Front
Community
Sidewalks
Cooling
CentralAir
Fireplaces
None
Garage
1 spaces
Home Owner's Association
Association Fee: $0
Interior Features
BedroomOnMainLevel
Laundry
InGarage
Lot
0.1768 acres, ValueInLand
Parking
1 open parking spaces, 2 total parking spaces
Pool
None
Property
Neighborhood
Sewer
PublicSewer
Taxes
Parcel Number: 4732620900, Zoning: RS-1-7
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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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