
San Diego, California 92116
This property represents a High-Potential Investment Opportunity, listed at a List Price of $1,739,900. While priced above the $1,507,727 Fair Market Value, the asset is defined by its Buy-and-Hold Investors appeal, featuring fully approved, Ready-To-Issue (RTI) plans for 10 total units. With a Condition Rating of 3, the existing home provides immediate rental income while developers leverage the 8,282 sqft lot. This is a strategic acquisition for Professional Developers seeking to bypass permit delays and maximize high-density yield in a high-demand San Diego neighborhood.
Property is move-in ready.
Despite being built in 1926, the existing home is well-maintained, functional, and move-in or rent-ready. Interior images show updated recessed lighting, modern ceiling fans, and clean hardwood floors, indicating a renovation within the past 5-15 years. While the kitchen and bathrooms are not fully showcased, the overall interior and systems appear stable and functional for immediate occupancy.
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 includes fully approved, Ready-To-Issue (RTI) plans for 9 additional units, allowing an investor to bypass months of city permit delays and holding costs to begin construction immediately.
The existing 2-bedroom, 1-bathroom home is move-in or rent-ready, providing a steady income stream to offset financing costs while the developer prepares to break ground on the new units.
At a list price of $1.74M, the property is priced significantly above standard single-family values for the area, requiring a buyer who can specifically capitalize on the development entitlements to justify the investment.
Beyond the initial purchase, the project requires significant additional capital and construction expertise to execute the 9-unit build-out and manage the complexities of a high-density residential site.
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 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 1,056 | 1,752.269 |
| Lot Size | 8,282 | 6,446.159 |
| Price | $1.70M | $1.27M |
| Price per sq ft | $1.6K | $736 |
| Built year | 1926 | 1971 |
| HOA | $0 | $186 |
| Days on market | 59 | 41 |
Oct 2, 2026
$1,699,900
$1,739,900
-2% Price Drop
Initial Listing
Sep 15, 2026
$1,739,900
$1,789,900
-3% Price Drop
Initial Listing
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