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Investment Highlights

  • Infill opportunity in high demand rental market
  • Covered land with immediate upside and reddevelopment potential
  • Transit Priority Area, Complete Communities (Tier 3) 6.5 FAR
  • Proximity to SDSU and all major San Diego freeways

Executive Summary

Opportunity to acquire a centrally located infill site in the high-demand rental market of City Heights. The property features an unoccupied single-family residence, presenting immediate value-add potential through redevelopment or repositioning while pursing plans for future development.
Currently zoned RM 1-3, the site also benefits from both Transit Priority Area (TPA) and Complete Communities (Tier 3) designations—unlocking enhanced density potential, increased floor area ratios, and additional height allowances, making it ideal for a multifamily project.
Situated less than a block from Colina Park Golf Course and Recreation Center, the site is also within walking distance to area retail as well as multiple elementary, middle, and charter schools. The location also offers convenient access to San Diego State University (SDSU), public transit options and has excellent connectivity to all major San Diego freeways, enhancing long-term tenant appeal and reinforcing the site’s Transit Priority designation benefits.
This is a compelling opportunity for developers and investors to capitalize on both immediate income potential and long-term redevelopment upside in one of San Diego’s active growth corridors.

Property Facts

Price $854,438 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Hold For Development
  • Hold For Investment
  • Single Family Development
  • Single Family Residence
Total Lot Size 0.08 AC
Zoning RM 1-3 - 1 du per 1,500sf, Transit Priority Area (TPA), Complete Communities (Tier 3)

1 Lot Available

Lot

Price $854,438 CAD
Price Per AC $11,014,908.93 CAD
Lot Size 0.08 AC
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
  • Listing ID: 40254928

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: 4221 51st St, San Diego, CA 92115

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