$1,875,000
$120K PRICE DROP

Estimated payment $10,032/month

Total Views 3,007
3 Beds
2 Baths
1,248 Sq Ft
$1,502 Price per Sq Ft

Highlights

  • Newly Remodeled
  • Private Yard
  • Laundry Room
  • 0.35 Acre Lot
  • No HOA
  • Landscaped

About This Home

This property presents a rare chance to capitalize on San Diego’s thriving multifamily market. Up to 44 units may be built on this site, offering significant scale for a developer looking to maximize returns. Currently, 10 units are in the permitting process, giving an incoming buyer a valuable head start while still leaving room to unlock the full potential of the lot. The location and zoning make this an ideal opportunity for an experienced builder or developer to execute at scale, or for a growing investor ready to step into their first major project. With strong demand for new housing in San Diego and limited infill opportunities of this size, this site represents both immediate momentum and long-term upside. Whether you choose to move forward with the existing plans or pursue the full 44-unit vision, this property offers the flexibility, scale, and timing to deliver exceptional results. Centrally located, close to Fashion Valley, SeaWorld, USD and beaches with easy freeway access. This property is ideally positioned to attract stable, long-term and short-term tenants.

Listing Agent

Christian Ballow

Gene Bowman Realty Brokerage Email: Christian@genebowman.com License #02046669 Listed on: 08/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $620

Year Built

  • Built in 1941 | Newly Remodeled

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall
  • Landscaped
  • Private Yard
  • Back and Front Yard

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 1,248 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 432-070-04-00
  • Tax Tract Number 88
  • Assessor Parcel Number 4320700400
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $52,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$620

Year Built

Built in 1941 | Newly Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: RM 2-5
  • New Construction: Yes
  • Property Type: Residential Income
  • Parcel Number: 4320700400
  • Year Built: 1941
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 1502.40

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Yard
  • Lot Size Sq Ft: 15177.00
  • Lot Size Acres: 0.3484

Multi Family

  • Average1 Bed Area: 499 Square Feet
  • Average2 Bed Area: 749 Square Feet
  • Gross Scheduled Income: 69600.00
  • Lot Size Area: 15177.0000 Square Feet
  • Net Operating Income: 52200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17400.00
  • Rent Control: No

Tax Info

  • Tax Lot: 432-070-04-00
  • Tax Tract Number: 88/1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $620 $51,450 $24,454 $26,996
2024 $620 $50,442 $23,975 $26,467
2023 $605 $49,454 $23,505 $25,949
2022 $586 $48,486 $23,045 $25,441
2021 $575 $47,537 $22,594 $24,943
2020 $562 $47,051 $22,363 $24,688
2019 $548 $46,129 $21,925 $24,204
2018 $514 $45,226 $21,496 $23,730
2017 $80 $44,340 $21,075 $23,265
2016 $485 $43,471 $20,662 $22,809
2015 $477 $42,819 $20,352 $22,467
2014 $470 $41,981 $19,954 $22,027
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2025 10/07/25 Price Changed $1,875,000 -6.0% $1,502 / Sq Ft
08/21/2025 08/21/25 For Sale $1,995,000 +100.5% $1,599 / Sq Ft
01/31/2025 01/31/25 Sold $995,000 0.0% $797 / Sq Ft View Prior Sale
01/13/2025 01/13/25 For Sale $995,000 -- $797 / Sq Ft
01/10/2025 01/10/25 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $995,000 Ticor Title
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,051,020 Construction
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2506397

California Regional Multiple Listing Service (CRMLS)

APN: 432-070-04