
San Diego, California 92116
This property presents a High-Potential Investment Opportunity with a List Price of $1,789,900—positioned above the $1,522,335 Fair Market Value. While priced at a premium, the asset offers a unique Shovel-Ready Development advantage with fully approved RTI plans for 9 additional units. Featuring a Condition Rating of 3, the existing home provides immediate rental income. This high-density residential community project is ideal for Buy-and-Hold Investors or Developers looking to bypass permit delays and maximize site utilization in a high-demand San Diego neighborhood.
Property is move-in ready.
Although originally built in 1926, the property is move-in ready and functional for immediate rental. It features a high-quality, modern bathroom renovation (likely <5 years old) with contemporary fixtures and tiling, along with well-maintained hardwood floors throughout. While the exterior and some ceiling finishes show age, the key interior updates elevate it above a 'Fair' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8282, living area = 1056.
The property comes with fully approved, Ready-To-Issue (RTI) plans for 9 additional units, allowing an investor to bypass months of city red tape and holding costs to begin construction immediately.
The existing 2-bedroom, 1-bathroom home is move-in or rent-ready, providing steady rental income to offset carrying costs while finalizing construction logistics.
The $1.79M list price is a premium for the land and plans; the buyer will require significant additional liquidity to fund the construction of the nine planned units.
The proposed development consists exclusively of small 1-bedroom layouts (400-436 sqft), which may limit the tenant demographic and increase turnover compared to larger multi-bedroom units.
Unlock a high-potential investment opportunity in one of San Diego’s most popular, high-demand neighborhoods. Sitting on a flat 8,200+ sqft lot, this property features a functional 2-bed 1-bath home that is ready to rent out immediately, providing steady income while you prepare for construction. The true highlight is the shovel-ready advantage: fully approved, Ready-To-Issue (RTI) plans are already in hand to build 9 high-density units, a smart blend of standard residences and ADUs designed for maximum layout efficiency. By skipping months of permit delays, city red tape, and holding costs, you can jump straight into construction on day one. Located in a vibrant, walkable area close to popular dining and easy freeway access, this lot is perfectly positioned for strong rental demand and maximum return on investment. Rent the existing home for immediate cash flow, or pull permits to break ground and scale your unit count right away! Fully approved, Ready-To-Issue (RTI) architectural plans are in hand to transform this 8,282 sq ft lot into a high-density 10-unit residential community. Utilizing San Diego’s Affordable ADU Bonus program, the plans preserve the existing single-family front home while adding 9 modern ADUs to the rear. The new construction features efficient 1-bed 1-bath layouts, with four ground-level units (420–436 sq ft) with private patios, four upper-level units (400 sq ft) with private balconies, and an additional unit positioned above a tandem parking carport. Complete architectural plan sets, site layouts, rendering elevations, and city approval documentation are available upon request.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,056 | 1,777.941 |
| Lot Size | 8,282 | 6,474.445 |
| Price | $1.79M | $1.27M |
| Price per sq ft | $1.7K | $741 |
| Built year | 1926 | 1971 |
| HOA | $0 | $184 |
| Days on market | 13 | 40 |
Aug 27, 2026
$1,789,900
Initial Listing
Aug 26, 2025
$1,600,000
Public Record
Oct 28, 2021
$1,100,000
Public Record
Feb 10, 2011
$415,000
Public Record