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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,098,000

Est. payment | -/mo

3,422 Sqft Lot

Save

$ 1,098,000

Est. payment | -/mo

Save

3,422 Sqft Lot

Open House

Sun Dec 14, 1:30pm - 3:30pm

Sat Dec 13, 1:30pm - 3:30pm

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 250043012

Lot Size 3,422 Sqft

Property Sub-Type Lots/Land

Property Description

Variance Granted Lot/Land. High-growth investment opportunity in Logan Heights, ideal for Investors & Builders. This centrally located property with alley access and gated parking on a level 3,422SF lot zoned RM-2-5 offers pre-approved plans for the construction of a detached ADU duplex, providing accelerated rental income potential. Currently, there is a completely remodeled turnkey 3BR/2.5BA detached 1,440SF home on the premises, with an estimated market rental value of $4,995 per month. The main house was fully rebuilt from the foundation up in 2023, retaining the original 1919 footprint. Eligible for Short-Term Residential Occupancy (STRO) licensing and Transient Occupancy Tax (TOT) registration, Buyer to confirm. The pre-approved plans, designed by SnapADU, include one detached duplex with two 1/1 units measuring ~400SF each to maximize density at three (3) rentable units on the premises. With these additions, the projected total rent after construction is up to $9,995 per month, adding two new income streams and supporting strong multi-unit cash flow. To bring this vision to life, leverage key bonus programs in place at this site by tapping into the Transit Area Overlay (TAO) and Transit Priority Area (TPA), Opportunity Zone and Promise Zone, Airport Influence Area (AIA), and Complete Communities Plan (Tier 3) unlocking ADU bonuses, transit-oriented development (TOD) density, parking relief, and fast track approvals.

Location

State CA

County San Diego

Area Metro Central

Zoning R-4:Multip

Direction Use GPS. Commercial or S 28th to Franklin.

Interior

Fireplace No

Exterior

Fence Full, Gate

Utilities Available Sewer Available, Sewer Connected

View Y/N Yes

Water Access Desc Available,Meter on Property

View City, Evening Lights

Present Use Residential

Building

Water Available, Meter on Property

Schools

School District San Diego Unified School Distric

Others

Senior Community No

Tax ID 538-190-09-00

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Listed by Portia V Green Compass

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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2146 Franklin Ave Southwest #12 San Diego, CA 92113