Exceptional Multi-Family Development Opportunity – Two Adjacent Parcels in San Diego
Introducing an outstanding development opportunity parcels (APN #538-100-05-00 – 5,597 sq ft. and APN #538-100-06-00 – 3,498 sq. ft.), total square footage for both parcels is 9,086 encompassing Lots 8, 9, and 10. Both parcels are level and offer convenient access from both the street and alley, providing excellent flexibility for future development.
The existing home on APN #538-100-05-00 is slated for demolition, creating a blank canvas for a high-density residential project. The property is zoned RM-2-5 (Multi-Family Residential Base Zone) and is located within both a Transit Priority Area (TPA) and Sustainable Development Area (SDA). With a FAR Tier 3 designation, the site may allow an impressive Floor Area Ratio (FAR) of up to 6.5, offering significant development potential.
Upper-level units may enjoy ocean views and views of the Coronado Bridge, adding to the appeal of this exceptional investment opportunity.
Ideally located just minutes from Petco Park, East Village, the San Diego Convention Center, Downtown San Diego, and with convenient access to three major freeways, this property is positioned in one of San Diego’s most desirable growth corridors.
Buyer to verify all zoning, development potential, density, FAR, permits, and all other information with the City of San Diego prior to the close of escrow.