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4862 70th St - Student Housing Development Site near SDSU 0.15 Acres of Residential Land Offered at $1,023,733 CAD in San Diego, CA 92115
Investment Highlights
- Perfect lot for a residential or student housing development
- Opportunity to land-bank for an assemblage
- Existing 2-bedroom house provides cash flow to reduce carrying cost
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $1,023,733 CAD | Lot Size | 0.15 AC |
| Price Per AC | $6,976,510.58 CAD |
| Price | $1,023,733 CAD |
| Price Per AC | $6,976,510.58 CAD |
| Lot Size | 0.15 AC |
Standard, 50'x126' level lot with RM-3-7 Zoning under Tier 2 Complete Communities. Qualified Census Tract and may qualify for LIHTC or other sources of funding.
Description
This is a 6,300 square foot lot located in the College Area with RM-3-7 zoning and a Tier 2 Complete Communities overlay, which may allow the developer to build a multi-family project. The site is located near SDSU, three major hospitals, and shops on the El Cajon Blvd corridor. This is an area prime for redevelopment. The current improvement is a 2-bedroom, 1-bathroom single-family residence, which allows the builder to land-bank the site for an assemblage or generate rental income during the permitting process.
Property Taxes
| Parcel Number | 468-282-05 | Improvements Assessment | $128,752 CAD |
| Land Assessment | $151,068 CAD | Total Assessment | $279,820 CAD |
Property Taxes
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4862 70th St - Student Housing Development Site near SDSU
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