330 Willie James Jones Ave Active Save Request In-Person Tour Request Virtual Tour
San Deigo,CA 92102
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 250024255
Bedrooms 6
Half Baths 1
Year Built 1940
Property Sub-Type Res Income 2-4 Units
Property Description
3.8% Seller RATE Buy-Down Available!! Located in the heart of Lincoln Park, this versatile duplex offers significant development potential just minutes from downtown San Diego and major highways. The property features a 5-bedroom, 3-bathroom unit and a separate 1-bedroom, 1.5-bathroom apartment, providing immediate rental income and tenant flexibility. Zoned for up to 65 buildable units and included in the Complete Communities Tier 3 program, this lot presents a rare opportunity for investors to capitalize on San Diego's growing housing demand. This ±10,471 SF development site in Lincoln Park offers a prime investment opportunity with a current income of $3,850 per month from an existing duplex while being ideally positioned for substantial future growth. Zoned RM-3-7 and included in the Complete Communities Tier 3 program with a 6.5x FAR, the property allows for up to 65 buildable units totaling 68,061 SF. Lot dimensions are 71' x 150' with efficient setbacks of 10' (front) and 5' (rear), and a height limit of 40 ft or up to 7 stories. Located within an Opportunity Zone, it offers tax benefits and is designated in a “Sustainable Development Area,” making it attractive for high-density, eco-friendly projects. With easy access to I-805 and SR-94 and a current CAP rate of 2.79%, this site stands out as a compelling investment in a rapidly evolving neighborhood.
Location
State CA
County San Diego
Community Bbq,Laundry Facilities,Recreation Area
Area Metro Central
Zoning RM-4 CCHS3
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Exterior
Fence Full
Utilities Available Sewer Connected
View Y/N Yes
View Evening Lights
Roof Type Concrete
Building
Water Meter on Property
Schools
School District San Diego Unified School Distric
Others
Virtual Tour https://www.propertypanorama.com/instaview/snd/250024255