$894,000
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SOLD DATE : 04/25/2024
Key Details
Sold Price $894,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Imperial Beach
MLS Listing ID 230023197SD
Sold Date 04/25/24
HOA Y/N No
Year Built 1960
Property Description
Welcome to an exciting investment opportunity in the heart of San Diego’s Imperial Beach neighborhood, California. This redevelopment project offers a prime location in this coastal community, where the sun, surf, and sand are just moments away. There are currently 2 detached units; a 3 bedroom 1 bathroom, and a 2 bedroom 1 bathroom. Prime Location: Situated in the desirable city of San Di-ego, this redevelopment project offers proximity to the beach, local amenities, and the relaxed Southern California lifestyle. RM-1-1 Zoning: The property boasts RM-1-1 zoning, al-lowing for medium-density residential development, making it an ideal canvas for your multifamily project vision. Spacious Lot: With a generous lot size of 16,370 square feet, there is ample space to create a well-designed and spacious living environment for future residents. Development Potential: 6 Dwelling Units (DU) complemented by ±26 Accessory Dwelling Units (ADUs), culminating in a total of 34 total units. TPA Site: San Diego’s zoning codes may allow developers in TPAs to provide fewer parking spaces per unit or square footage of commercial space. This reduction can significantly lower construction costs, as building and maintaining parking facilities can be expensive. This is a remarkable opportunity for developers and investors to create a thriving multifamily residential development in Imperial Beach’s charming coastal setting.
Location
State CA
County San Diego
Area 92154 - Otay Mesa
Building/Complex Name Imperial Beach
Interior
Cooling Central Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 6270620200
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash
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Bought with Aaron Bove • Marcus & Millichap
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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States