San Diego, CA 92103,4042 1st Avenue
San Diego, CA 92103,4042 1st Avenue
San Diego, CA 92103,4042 1st Avenue
San Diego, CA 92103,4042 1st Avenue
San Diego, CA 92103,4042 1st Avenue
San Diego, CA 92103,4042 1st Avenue
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$1,560,000

$1,650,000

5.5%
Est.Price: ?

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Est. payment /mo

5,187 Sqft Lot


SOLD DATE : 07/11/2024

Key Details

Sold Price $1,560,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Hillcrest

MLS Listing ID 240010068SD

Lot Size 5,187 Sqft

Property Description

Outstanding multifamily development opportunity in Hillcrest (92103), one of central San Diego's strongest housing markets. The site has cleared Historical Review and is Complete Communities Tier 2 with an FAR of 8. The base zoning is RM-3-9 (600 SF/DU). There is currently a single family home on site rented for $3000 per month. Building Plans available upon request. Hillcrest is central San Diego’s premier residential neighborhood offering a vibrant urban lifestyle while still maintaining a sense of tranquility. The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafés, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park, the City of San Diego’s preeminent recreational destination. Hillcrest also feature numerous convenient thoroughfares, allowing easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8. As a result, Hillcrest has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development.

Location

State CA

County San Diego

Area 92103 - Mission Hills

Zoning RM-3-9

Exterior

Utilities Available Cable Available, Natural Gas Available, Phone Available

View Y/N No

Building

Lot Description Level

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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California Regional MLS (CRMLS)
Listed by Philip Buckley • CBRE
Bought with Santiago Orvananos • Casas Advisors

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