A rare redevelopment opportunity across the freeway from Downtown San Diego!!! Two adjacent parcels on the corner of 19th & E Street totaling 9,531 square feet (.22 Acres) of lot space. One parcel includes Three detached cottage units that each feature their own private entry and garage/storage unit.… Read More The other parcel is open land that backs to the on ramp of the interstate 5 and 94. The property is zoned RM-2-5, which permits up to Seven units without any density bonus; but more importantly the property is situated in the Complete Communities Tier 3, which permits an FAR of 6.5x the total lot (potential for 61,951.5 square feet). This is a true value-add and redevelopment opportunity that will allow a new owner to build in an area that needs more housing and will have views of Downtown San Diego and Coronado. Read Less
Listing Snapshot
Days Online
56
Last Updated
Lot Size
0.22 Acres
Year Built
1923
MLS Number
PTP2300476
Additional Details
Building
Built in 1923, 6 buildings, 1 storey
Community
StreetLights, Sidewalks
Expenses
Insurance: $1,892, Operating: $32,718
Garage
3 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $60,540, Gross ScheduledIncome: $60,540, Net Operating Income: $26,006
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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