4862 70th Street, San Diego, California 92115, San Diego, 92115 - 2 bed, 1 bath

About this home

**DEVELOPMENT OPPORTUNITY**Positioned in the heart of San Diego’s highly desirable College Area, this property presents an exceptional opportunity for developers seeking density, flexibility, and long-term upside under the City of San Diego’s Complete Communities Housing Solutions program. The site is zoned RM 3–7 (Tier 2), allowing for the development of a multifamily apartment project with enhanced density potential. The lot features standard dimensions of approximately 50 feet of frontage by 127 feet of depth, offering an efficient and developer-friendly footprint for new construction. Currently improved with a 2-bedroom, 1-bath single-family residence, the property provides a clear path for redevelopment into a modern multifamily project designed to meet San Diego’s growing housing demand. Importantly, the property is located within a designated census tract that may qualify for low-income housing incentives and funding programs, creating a compelling opportunity for developers pursuing affordable or workforce housing. This added layer of potential financing support can significantly enhance project feasibility and returns. Located near major transit corridors, employment centers, San Diego State University, and neighborhood-serving amenities, the site aligns perfectly with the goals of Complete Communities—promoting smart growth, housing accessibility, and long-term value.