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$ 1,900,000
Est. payment /mo
New
2224 W Jewett Street San Diego, CA 92111
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Linda Vista
MLS Listing ID 250024536SD
HOA Y/N No
Property Description
Located in the heart of San Diego's Linda Vista neighborhood, 2224-26 W Jewett Street presents a prime redevelopment opportunity with solid income potential and significant future upside. Priced at $1,900,000, this ±10,688 SF lot (APN: 431-343-10-00) is zoned RM-3-7, allowing for multifamily residential development in one of the city's most desirable high-opportunity areas. With a price of $177.77 per lot square foot, this site offers an exceptional value for investors or developers looking to capitalize on San Diego's increasing housing demand. The property currently includes two 1-bedroom, 1-bath units, totaling approximately 1,248 square feet of rentable space. These units are generating a combined monthly income of $3,500, offering income while entitlements or redevelopment plans are pursued. Situated within the Complete Communities Housing Solutions Tier 4, the parcel benefits from a generous FAR of 4.0x, dramatically increasing the buildable area to over 42,700 SF. It also falls within the Sustainable Development Area (SDA) and Transit Priority Area (TPA) overlays, further enhancing development flexibility and potential density bonuses. The base zoning allows for 1 dwelling unit per 1,000 SF, with up to 10+ units possible by-right, and more with incentives or bonuses. It has favorable zoning, strong rental fundamentals, and a location in a High Resource CTCAC/HCD Area.
Location
State CA
County San Diego
Area 92111 - Linda Vista
Interior
Fireplace No
Exterior
Fence None
View Y/N No
Building
Lot Description Level
Others
Senior Community No
Tax ID 4313431000
Listed by Aaron Bove • Marcus & Millichap