Amazing Investment Opportunity in Encanto. 2 houses on 1 lot. Each home is 2 bedroom 1 bath. Nestled on 1 acre of land, this this RM-1 zoning unlocks the potential to build up to 12 additional units, offering significant future development possibilities. This is your perfect opportunity to create multigenerational living, add additional rental income, or a flexible lifestyle. Both homes currently on the property offer comfort and privacy, approximately 920 square feet of living space each featuring spacious living areas, kitchens, and nice size bedrooms. The lot itself is a blank canvas with ample space. Whether you''re dreaming of a family compound, rental income, or future development, this is your chance to own a prime piece of real estate with endless potential. Spacious, flexible, and full of possibilities, properties like this don’t come around often. This is a rare opportunity to own a versatile and spacious piece of real estate. Don’t let this one slip away—your dream starts here!
Property Details
Price:
$999,999
MLS #:
PTP2502578
Status:
Active
Baths:
0
Address:
5305 Santa Margarita Street
Type:
Residential Income
Neighborhood:
92114encanto
City:
San Diego
Listed Date:
Apr 2, 2025
State:
CA
ZIP:
92114
Lot Size:
45,738 sqft / 1.05 acres (approx)
Year Built:
1959
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Schools
Interior
Exterior
Community Features
Mountainous
Garage Spaces
0.00
Lot Features
Lot Over 40000 Sqft, Value In Land, Yard
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Financial
Association Fee
0.00
Map
Community
- Address5305 Santa Margarita Street San Diego CA
- Area92114 – Encanto
- CitySan Diego
- CountySan Diego
- Zip Code92114
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5305 Santa Margarita Street
San Diego, CA
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