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Investment Highlights

  • Ground-Up Development Potential
  • Desirable location, near Mission Beach & bordered by Bay Park
  • 6,300 SF lot zoned RM-1-1 & in SDA/TPA overlay

Executive Summary

Located in the Morena District along the border of the Bay Park community, 5007 Savannah St presents a rare development opportunity in one of San Diego's most centrally positioned submarkets. The 6,300 square foot lot is currently improved with a 2Bed/1Bath single-family residence and is zoned RM-1-1, situated within both a Sustainable Development Area (SDA) and Transit Priority Area (TPA), a designation that meaningfully expands entitlement flexibility and density potential under San Diego's density bonus and ADU programs. The site offers a clear path to a 4 unit configuration: the existing structure can be converted from a 2Bed/1Bath layout into a 3Bed/2Bath main house, while the rear yard accommodates the addition of (3) detached 3Bed/2Bath units. The combination of lot size, zoning, and SDA/TPA overlay positions the property as a compelling ground-up or value-add development candidate for an investor targeting new construction in an infill location. Location is central to the opportunity. The property sits minutes from Mission Beach, offering future residents direct access to San Diego's coastline, and is bordered by Bay Park, one of the city's more established residential pockets. Freeway access is immediate, with both I-5 and I-8 within close reach, connecting the site to Downtown San Diego, the airport, and the broader San Diego employment corridor.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per AC (CAD)
Gross Rental Income $237,453 $1,642,140.15
Other Income - -
Vacancy Loss $11,873 $82,107.01
Effective Gross Income $225,581 $1,560,033.14
Taxes $20,684 $143,043.57
Operating Expenses $46,405 $320,923.01
Total Expenses $67,090 $463,966.58
Net Operating Income $158,491 $1,096,066.56

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $237,453
Annual Per AC $1,642,140.15
Other Income (CAD)
Annual -
Annual Per AC -
Vacancy Loss (CAD)
Annual $11,873
Annual Per AC $82,107.01
Effective Gross Income (CAD)
Annual $225,581
Annual Per AC $1,560,033.14
Taxes (CAD)
Annual $20,684
Annual Per AC $143,043.57
Operating Expenses (CAD)
Annual $46,405
Annual Per AC $320,923.01
Total Expenses (CAD)
Annual $67,090
Annual Per AC $463,966.58
Net Operating Income (CAD)
Annual $158,491
Annual Per AC $1,096,066.56

Property Facts

Price $1,585,781 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.14 AC
Zoning RM-1-1

1 Lot Available

Lot

Price $1,585,781 CAD
Price Per AC $10,964,550.32 CAD
Lot Size 0.14 AC
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
  • Listing ID: 42056008

  • Date on Market: 2026-09-04

  • Last Updated:

  • Address: 5007 Savannah St, San Diego, CA 92110

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