32
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$1,849,900
Est. payment /mo
New
1028 Cesar E Chavez Pkwy San Diego, CA 92113
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250045298SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Once in a lifetime development opportunity in a highly desired opportunity zone in a fast growing neighborhood! You can potentially build 35+ residential units plus ground floor commercial retail space with CN 1-4 zoning allowing up to a 65ft height limit, this is a rare opportunity! On a corner lot, this property faces 2 streets and has alley access, which is key for a complete community development. Being so close to public transportation, this property may qualify for a complete community and Bonus ADU programs. This property could get even more exciting as SB-79 passes and hopefully being able to add even more units! Located in an opportunity zone, this property could provide substantial tax savings if bought through a QOF. Featuring 5 detached houses all roughly 350sqft each which gross about $10k a month, providing strong cash flow that can help with carrying costs as a potential developer goes through plans and permitting phases. Nearly $100k worth of upgrades has been invested into the property this year with new sewer line, new water lines, new electrical service, and a full remodel on one of the units. This could be a great buy and hold or development opportunity in one of San Diego's trendiest markets with views to Downtown San Diego and Petco Park and minutes to Coronado, Chicano Park, and the Navy Base.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning INDUSTRIAL
Interior
Fireplace No
Others
Tax ID 5382402400
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://tailorandreach.gofullframe.com/ut/1028_44_Cesar_E_Chavez_Pkwy.html
Listed by Christian Meno Compass