530 42nd St, San Diego

$1,399,000

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0 Bed
0 Bath
.28 Acre
0 Garage

Multifamily Development opportunity on these vacant lots totaling 12,040 SF, Zoned CN-1-4, benefiting from the Complete Communities Zoning overlay allowing you to build up to 105 units! The overlay permits expanded construction beyond standard zoning, and included are plans that are getting approved for 18 units with a very generous unit mix with the foundation permit already approved! The flat/level terrain simplifies development and the two existing structures—a 2 bed, 1 bath home and a detached 2-car garage—only give you more opportunities to develop! Positioned for growth, this property promises a lucrative venture in a high-potential locale. Multifamily Development opportunity on these vacant lots totaling 12,040 SF, Zoned CN-1-4, benefiting from the Complete Communities Zoning overlay allowing you to build up to 105 units! The overlay permits expanded construction beyond standard zoning, and included are plans that are getting approved for 18 units with a very generous unit mix with the foundation permit already approved! The flat/level terrain simplifies development and the two existing structures—a 2 bed, 1 bath home and a detached 2-car garage—only give you more opportunities to develop! Positioned for growth, this property promises a lucrative venture in a high-potential locale.

Essential Information

MLS® #
230022320SD
Price
$1,399,000
Bathrooms
0.00
Acres
0.28
Type
Land
Status
Active

Community Information

Address
530 42nd St
Area
92102 - San Diego
City
San Diego
County
San Diego
Zip Code
92102
Senior Community
N

Amenities

View
None

Exterior

Lot Description
Level

Additional Information

Date Listed
November 11th, 2023
Days on Market
169
Zoning
CN-1-4

Listing Details

Agent
Voltaire Lepe
Office
eXp Realty of California, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of April 30th, 2024 at 9:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.