A
Seller's Agent in 2024
Aaron Marcusmillichap
Marcus & Millichap
(858) 945-7094
2 in this area
48 Total Sales
Welcome to an exciting investment opportunity in the heart of San Diego’s Imperial Beach neighborhood, California. This redevelopment project offers a prime location in this coastal community, where the sun, surf, and sand are just moments away. There are currently 2 detached units; a 3 bedroom 1 bathroom, and a 2 bedroom 1 bathroom. Prime Location: Situated in the desirable city of San Di-ego, this redevelopment project offers proximity to the beach, local amenities, and the relaxed Southern California lifestyle. RM-1-1 Zoning: The property boasts RM-1-1 zoning, al-lowing for medium-density residential development, making it an ideal canvas for your multifamily project vision. Spacious Lot: With a generous lot size of 16,370 square feet, there is ample space to create a well-designed and spacious living environment for future residents. Development Potential: 6 Dwelling Units (DU) complemented by ±26 Accessory Dwelling Units (ADUs), culminating in a total of 34 total units. TPA Site: San Diego’s zoning codes may allow developers in TPAs to provide fewer parking spaces per unit or square footage of commercial space. This reduction can significantly lower construction costs, as building and maintaining parking facilities can be expensive. This is a remarkable opportunity for developers and investors to create a thriving multifamily residential development in Imperial Beach’s charming coastal setting.
Last Agent to Sell the Property
Marcus & Millichap License #01318320 Listed on: 11/30/2023
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/25/2024 04/25/24 | Sold | $894,000 | -14.9% | -- |
01/08/2024 01/08/24 | Pending | -- | -- | -- |
12/21/2023 12/21/23 | For Sale | $1,050,000 | 0.0% | -- |
12/12/2023 12/12/23 | Pending | -- | -- | -- |
11/30/2023 11/30/23 | For Sale | $1,050,000 | +81.0% | -- |
12/23/2019 12/23/19 | Sold | $580,000 | -3.3% | -- |
09/17/2019 09/17/19 | Pending | -- | -- | -- |
06/26/2019 06/26/19 | For Sale | $600,000 | -- | -- |
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Seller's Agent in 2024
Aaron Marcusmillichap
Marcus & Millichap
(858) 945-7094
2 in this area
48 Total Sales
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Seller's Agent in 2019
Garrett Pate
Pacific Realty Property Sales
(619) 559-3740
6 in this area
32 Total Sales
Buyer's Agent in 2019
Marla Moresi-Valdes
Sotheby's International Realty
(415) 971-2535
2 in this area
113 Total Sales
Source: San Diego MLS
MLS Number: 230023197
APN: 627-062-02-00