3162 L

San Diego, CA 92102

$850,000

Sold Price
2

bed Beds

1

shower Baths

768 sqft

straighten / sqft

2008

calendar_month Built

Property Description

HIGH DENSITY DEVELOPMENT OPPORTUNITY! This charming home sits on a spacious flat lot, offering endless potential for developers. The property boasts a 9,351 FAR, perfect for maximizing buildable space. Located within an Opportunity Zone, take advantage of federal tax incentives while enjoying the benefits of RM 3-7 zoning, allowing one unit per 1,000 sq ft. With a 40 ft height limitation, this property is ideal for multi-story developments. Situated in a Transit Priority Area, no parking is required for new developments, reducing construction costs. Alley access at the rear of the property and its location within a complete communities/bonus ADU area, further enhancing development possibilities. Don’t miss out on this exceptional opportunity to develop in one of San Diego’s most promising areas!

Listing Information

Close Price $850,000
Close Date Wednesday, September 4th, 2024
Status Closed
MLS 240018171SD
Type Residential
Subtype Single Family Residence
Year Built 2008
Lot Size 5,195
Structure Size 768
DOM 5
Courtesy Of Finest City Homes & Loans
Listing Agent Eric Vaca DRE#01331749

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 1
Flooring Information
Material Wood
Fireplace Information
Features Living Room
Additional Information
Additional Features See Remarks
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Features None

Maps

Listing information courtesy of: Eric Vaca, Finest City Homes & Loans . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 10th, 2024 at 1:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.