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Mira Mesa Blvd blvd - The Mesa 7.75 Acres of Residential Land in San Diego, CA 92121
INVESTMENT HIGHLIGHTS
- Supply Constraints: No new residential product has been delivered in Sorrento Mesa in over 30 years, highlighting a significant supply constraint.
- High Pricing Benchmarks: Attached product sales are trending at approximately $850 PSF in Carmel Valley, $1,000 PSF in Del Mar, $700 PSF at 3 Roots,
- Life Science Anchor: One of the nation’s strongest life science and tech hubs continues to drive long-term housing demand and economic resilience.
- Limited Pipeline: Few new townhomes or multifamily projects reinforce scarcity-driven value.
- Tight Rental Market: Multifamily vacancy remains minimal, underscoring strong, sustained demand.
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 7.75 AC |
| Lot Size | 7.75 AC |
DESCRIPTION
Clear Path To Development With “By Right” Zoning Opportunity to develop townhomes and/or multifamily in one of the top life science and tech districts in the County. Steps to Google, Meta, Qualcomm, Dexcom, and Helogic, with over 8.5 million SF of life science space driving demand. The Mesa, offers a once-in-a-generation opportunity to build: • Option 1: 165± Townhomes (7.75 Acres) • Option 2: 679± Multifamily (wrap) units (7.75 Acres) • Option 3A/3B: 83± Townhomes (4.35 Acres) and 303± multifamily (wrap) units* (3.42 Acres) *Additional density achievable under by-right zoning for all options The life science boom in San Diego supports over 170,000 jobs and generates $43.1 billion in annual economic activity, fueling sustained housing demand. This five-parcel property allows for by-right development up to a 3.0 FAR, with two points of access and high-visibility frontage along Mira Mesa Boulevard. With Torrey Pines and UTC nearly built out, Sorrento Mesa has emerged as the West Coast’s next “it” market for innovation and residential growth. No in-place lease encumbrances ensure a smooth redevelopment process.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $27,365,065 CAD | |
| Land Assessment | $54,057,217 CAD | Total Assessment | $81,422,282 CAD |
PROPERTY TAXES
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Mira Mesa Blvd blvd - The Mesa
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