Located in the heart of Lincoln Park, this versatile duplex offers significant development potential just minutes from downtown San Diego and major highways. The property features a 5-bedroom, 3-bathroom unit and a separate 1-bedroom, 1.5-bathroom apartment, providing immediate rental income and tenant flexibility. Zoned for up to 65 buildable units and included in the Complete Communities Tier 3 program, this lot presents a rare opportunity for investors to capitalize on San Diego's growing housing demand. This ±10,471 SF development site in Lincoln Park offers a prime investment opportunity with a current income of $3,850 per month from an existing duplex while being ideally positioned for substantial future growth. Zoned RM-3-7 and included in the Complete Communities Tier 3 program with a 6.5x FAR, the property allows for up to 65 buildable units totaling 68,061 SF. Lot dimensions are 71’ x 150’ with efficient setbacks of 10' (front) and 5' (rear), and a height limit of 40 ft or up to 7 stories. Located within an Opportunity Zone, it offers tax benefits and is designated in a “Sustainable Development Area,” making it attractive for high-density, eco-friendly projects. With easy access to I-805 and SR-94 and a current CAP rate of 2.79%, this site stands out as a compelling investment in a rapidly evolving neighborhood. The property is constructed with a wood frame and stucco, offering seven parking spaces. It is zoned RM-3-7, allowing for residential multi-unit development and inclusion in the Complete Communities Tier 3 program, which supports potential future redevelopment. The site is part of a sustainable development area and is located in an Opportunity Zone, providing potential tax benefits. Additionally, the property has been upgraded over the years to enhance its appeal and functionality.
|
DAYS ON MARKET
|
10
|
LAST UPDATED
|
4/11/2025
|
|
TRACT
|
San Diego
|
YEAR BUILT
|
1940
|
|
COMMUNITY
|
San Diego
|
COUNTY
|
San Diego
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Water Heater |
| AREA |
San Diego |
| HEAT |
Forced Air, Natural Gas |
| HOA DUES |
0 |
| LOT |
10471 sq ft |
| LOT DESCRIPTION |
Drip Irrigation/Bubblers, Sprinkler System |
| LOT DIMENSIONS |
71x148x78x125 |
| POOL DESCRIPTION |
None |
| SUBDIVISION |
San Diego |
| VIEW |
Yes |
| ZONING |
RM-4 CCHS3 |
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Listed with Pacific Sotheby's Int'l Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/25 2:52 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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