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$860,000
Est. payment /mo
2,153 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2600707
Lot Size 2,153 Sqft
Property Sub-Type Lots/Land
Type of Financing Cash,Conventional,Exchange,FHA,VA
Property Type Lots/Land
Property Description
Shovel-ready ADU development opportunity in San Diego. 2,153 SF corner lot with alley access, zoned RM-2-5, with approved plans for (2) new two-story ADUs and on-site carport parking. Architectural and structural plans are complete and transferable, providing a clear path to construction and value creation. The project features efficient two-story townhome-style units (~960 SF each) with first-floor kitchen/living area, half bath, and in-unit laundry, plus two bedrooms and a full bath on the second level. Each unit includes storage and kitchen pantry, and a 12-foot-wide balcony off the primary bedroom. Excellent infill location with strong rental demand and projected total rents of approximately $6,000$7,000/month upon completion. Ideal for investors, ADU developers, or 1031 buyers seeking new-construction upside. Located in prime Golden Hill, just two blocks south of Balboa Park Golf Course, walkable to restaurants, coffee shops, retail, and transit, and minutes to Downtown/Gaslamp, Balboa Park & Zoo, Coronado, Old Town, and San Diego International Airport. 1224 27th has a Walk Score of 87 out of 100. This location is Very Walkable so most errands can be accomplished on foot. Nearby parks include Grape Street Off-Leash Area, Grant Hill Park and Grant Hill Park.
Location
State CA
County San Diego
Direction Google Maps
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 5341621900
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
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Listed by Max Delbecq Top Gun CRE
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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