4927 67th St - 4927 67th St - 8-UNIT Development Opportunity 0.17 Acres of Residential Land Offered at $1,706,392 CAD in San Diego, CA 92115

The subject property located at 4927 67th Street in San Diego presents a rare opportunity to acquire a near shovel-ready multifamily development site in the highly desirable College East submarket, less than one mile from San Diego State University. The project is expected to receive project approval within weeks, offering investors a significantly reduced entitlement timeline and the ability to commence construction shortly after closing.
Situated on a 7,211 square foot corner lot zoned RM 1-1, the property currently consists of two detached residential units (a 2-bedroom/1-bath and a 2-bedroom/2-bath). Approved plans call for the development of six additional units totaling approximately 3,700 square feet, bringing the total project to eight units upon completion. The proposed unit mix includes five 2-bedroom/1-bath units and one studio unit, designed to maximize rental efficiency and appeal to the area’s strong student and workforce housing demand.
The project benefits from a high-demand rental location driven by its proximity to SDSU, a major employment and education hub with consistent tenant turnover and strong absorption rates. The efficient unit sizes and layout are expected to command premium rents on a per-square-foot basis while maintaining broad affordability within the target renter pool.
This offering represents a low-risk, high-upside development opportunity with minimal remaining entitlement exposure, strong in-place fundamentals, and the ability to quickly deliver a well-positioned multifamily asset in one of San Diego’s most reliable rental submarkets.