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LJ Bognot

lj@ljbognot.com +1(858) 610-8583

$ 995,000

Est. payment | -/mo

2 Beds

1 Bath

806 SqFt

Save Virtual Tour

$ 995,000

Est. payment | -/mo

Save Virtual Tour

2 Beds

1 Bath

806 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 806 sqft

Price per Sqft $1,234

MLS Listing ID NDP2608807

Bedrooms 2

Full Baths 1

Year Built 1951

Lot Size 7,700 Sqft

Property Sub-Type Detached

Property Description

Rare turnkey development opportunity featuring fully entitled and already issued permitted approvals. This 0.18-acre parcel in the desirable Rolando Park neighborhood contains an already fully renovated single-family residence with all necessary permits and fees paid for construction of seven new residential units (3,783 SF total) using the ADU bonus program. With permits already in hand, this opportunity drastically reduces entitlement risk and soft costs, allowing developers to move directly into vertical construction on day one. Finished plans call for seven units (6 new) comprising four 1-bedroom/1-bathroom apartments, two 2-bedroom/1-bathroom apartments, and one 2-bedroom/1-bathroom single-family home (existing), projecting $18,000 per month in gross income. Located in the prime Rolando Park neighborhood, the property offers a walkable setting with easy access to San Diego State University, quality retail, dining, and the I-94 corridor. This centrally located San Diego submarket continues to experience persistently high housing demand, positioning this project perfectly for immediate production and strong returns.

Location

State CA

County San Diego

Zoning RS-1-7

Direction Google Maps

Interior

Cooling Central Forced Air

Fireplace No

Exterior

Garage Spaces 1.0

View Y/N Yes

View Neighborhood

Total Parking Spaces 2

Building

Story 1

Sewer Public Sewer

Level or Stories 1

Schools

School District San Diego Unified School Distric

Others

Senior Community No

Tax ID 4732620900

Acceptable Financing Cash, Conventional, Exchange, FHA, VA

Listing Terms Cash, Conventional, Exchange, FHA, VA

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2608807

Listed by TJ Kirchoff, DRE#01983666 LPT Realty
Co-listed byNON LISTED OFFICE

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+1(858) 610-8583

lj@ljbognot.com

2820 Camino del Rio S Suite 300, San Diego, CA 92108, USA

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4130 Vista Grande Drive San Diego, CA 92115