8
See all 8 photos
$950,000
Est. payment /mo
4 Beds
2 Baths
0.33 Acres Lot
Active
235 S Willie James Jones Avenue San Diego, CA 92113
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2504610
Bedrooms 4
HOA Y/N No
Lot Size 0.330 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Incredible Development Opportunity Near Downtown San Diego Presenting 235237 S Willie James Jones Avea prime development site located in the rapidly evolving neighborhood of Logan Heights, just minutes from Downtown San Diego. Set on a 14,367 SF lot zoned RM-2-5, this property offers exceptional potential with up to 9 units allowed by right, and significant density bonuses available through the Complete Communities Tier 3 program. The site currently includes a well-maintained duplex with two 2BR/1BA units, generating $3,425/month in gross rental incomeproviding valuable cash flow during the planning or entitlement phase. Located within a Transit Priority Area (TPA), Sustainable Development Area (SDA), and Qualified Opportunity Zone, the property benefits from development incentives such as reduced parking requirements, expedited permitting, and potential tax advantages. Surrounding the property are major redevelopment efforts, including the planned 80-unit Southwest Village by Related Companies and several new multifamily projects, further enhancing long-term value. Highlights: 14,367 SF lot (RM-2-5 zoning) Two existing income-producing units Potential for up to 91,000 SF under Tier 3 Complete Communities (FAR up to 6.5) Transit- and incentive-rich location (TPA, SDA, Opportunity & Promise Zones) Surrounded by new and upcoming development Buyers are advised to independently verify all development potential with the City of San Diego. Shown by appointment onlyplease do not disturb tenants. Please contact listing agent for more information - Ivan Del Muro-Garcia| 760-448-2451
Incredible Development Opportunity Near Downtown San Diego Presenting 235237 S Willie James Jones Avea prime development site located in the rapidly evolving neighborhood of Logan Heights, just minutes from Downtown San Diego. Set on a 14,367 SF lot zoned RM-2-5, this property offers exceptional potential with up to 9 units allowed by right, and significant density bonuses available through the Complete Communities Tier 3 program. The site currently includes a well-maintained duplex with two 2BR/1BA units, generating $3,425/month in gross rental incomeproviding valuable cash flow during the planning or entitlement phase. Located within a Transit Priority Area (TPA), Sustainable Development Area (SDA), and Qualified Opportunity Zone, the property benefits from development incentives such as reduced parking requirements, expedited permitting, and potential tax advantages. Surrounding the property are major redevelopment efforts, including the planned 80-unit Southwest Village by Related Companies and several new multifamily projects, further enhancing long-term value. Highlights: 14,367 SF lot (RM-2-5 zoning) Two existing income-producing units Potential for up to 91,000 SF under Tier 3 Complete Communities (FAR up to 6.5) Transit- and incentive-rich location (TPA, SDA, Opportunity & Promise Zones) Surrounded by new and upcoming development Buyers are advised to independently verify all development potential with the City of San Diego. Shown by appointment onlyplease do not disturb tenants. Please contact listing agent for more information - Ivan Del Muro-Garcia| 760-448-2451
Incredible Development Opportunity Near Downtown San Diego Presenting 235237 S Willie James Jones Avea prime development site located in the rapidly evolving neighborhood of Logan Heights, just minutes from Downtown San Diego. Set on a 14,367 SF lot zoned RM-2-5, this property offers exceptional potential with up to 9 units allowed by right, and significant density bonuses available through the Complete Communities Tier 3 program. The site currently includes a well-maintained duplex with two 2BR/1BA units, generating $3,425/month in gross rental incomeproviding valuable cash flow during the planning or entitlement phase. Located within a Transit Priority Area (TPA), Sustainable Development Area (SDA), and Qualified Opportunity Zone, the property benefits from development incentives such as reduced parking requirements, expedited permitting, and potential tax advantages. Surrounding the property are major redevelopment efforts, including the planned 80-unit Southwest Village by Related Companies and several new multifamily projects, further enhancing long-term value. Highlights: 14,367 SF lot (RM-2-5 zoning) Two existing income-producing units Potential for up to 91,000 SF under Tier 3 Complete Communities (FAR up to 6.5) Transit- and incentive-rich location (TPA, SDA, Opportunity & Promise Zones) Surrounded by new and upcoming development Buyers are advised to independently verify all development potential with the City of San Diego. Shown by appointment onlyplease do not disturb tenants. Please contact listing agent for more information - Ivan Del Muro-Garcia| 760-448-2451
Location
State CA
County San Diego
Area Logan Heights (92113)
Building
Lot Description Sidewalks
Story 1
Others
Acceptable Financing Cash, Conventional, Exchange, FHA
Space Rent $1,675
Listing Terms Cash, Conventional, Exchange, FHA
Virtual Tour https://www.youtube.com/watch?v=FY1PsBro7qE
Listed by Eric von Bluecher • Lee & Associates
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