4478 Ocean View Blvd - SFR with 28 Units Approved & Ready to Build 0.24 Acres of Residential Land in San Diego, CA 92113

4476-4478 Ocean View Boulevard presents a rare opportunity to acquire a fully permitted, construction-ready multifamily development site in the Southeastern San Diego neighborhood. The project has received building permits and RTI approval for a 29-unit residential community consisting of 27 newly constructed ADUs, one garage-conversion ADU, and the preservation of the existing single-family residence.
The approved development consists of a three-story residential building totaling approximately 14,061 gross square feet and 13,355 rentable square feet, offering an efficient unit mix designed to serve San Diego's growing workforce housing demand. The project incorporates a mix of studio and one-bedroom floor plans, maximizing rental efficiency while providing attainable housing in a market characterized by chronic supply constraints and continued population growth.
One of the most compelling aspects of the opportunity is the project's advanced stage of development. Building, electrical, mechanical, plumbing, and right-of-way permits have been issued, allowing a buyer to immediately commence construction and avoid the lengthy entitlement, design, and permitting timelines that continue to challenge new housing development throughout California. This substantially reduces execution risk while accelerating the path to completion and stabilization.