Type: Private
Price: $2,500,000
Location: 3961 Georgia St Unit 1, San Diego, CA
Size: 603 square feet
Condition: Used
Pleased to offer for sale a premier multi-family development site in Hillcrest (92103), one of central San Diego's strongest housing markets.
The site has cleared Historical Review, is located in an Opportunity Zone, and is Complete Communities Tier 3 with an FAR of 6.5. The property is in the final review stage of entitlements to build 24 units,
with expected full approval in September of this year. The base zoning is RM SF/DU). The two existing homes on site are currently rented for $3, 395 and $1, 950 per month. Building Plans available upon request. Hillcrest is central San Diegos premier residential neighborhood offering a vibrant urban lifestyle while still maintaining a sense of tranquility.
The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafs, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park,
the City of San Diegos preeminent recreational destination. Hillcrest also feature numerous convenient thoroughfares, allowing easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8.
As a result, Hillcrest has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development. For more details: /land-lots_san-diego-d523497/for-sale_i66327228
