Located at the southwest corner of First Avenue and Washington Street in the highly coveted Hillcrest neighborhood of San Diego, this multi-family development opportunity offers a prime By-Right development site spanning approximately 0.18 +/- acres (APN: 444-650-40-00). Positioned within Hillcrest’s vibrant retail corridor along Washington Street, this property is part of a Transit Priority Area, just 2.5 miles north of Downtown San Diego and adjacent to the iconic Balboa Park. Hillcrest is not only one of the most desirable areas for renters in San Diego, but it is also one of the strongest submarkets, at the forefront of rental growth in the region. The neighborhood is renowned for its dynamic urban lifestyle, with an eclectic mix of charming cafes, renowned restaurants, upscale grocery stores, boutique shopping, trendy bars, lively nightclubs, and lush parks, providing an unparalleled living experience. This infill site offers exceptional connectivity, providing easy access to major employment hubs across San Diego County. The property’s strategic location offers direct proximity to the 163 freeway to the west and I-8 to the south, facilitating quick freeway access. Residents will enjoy the convenience of being just minutes from Downtown San Diego’s Gaslamp Quarter, North Park’s celebrated gastro-pubs, and San Diego’s picturesque beaches, as well as top-tier attractions such as the San Diego Zoo, SeaWorld, Balboa Park, and Torrey Pines. This development opportunity presents a rare chance to capitalize on a central location with unmatched access to the best of San Diego’s amenities, entertainment, and employment centers, within one of the city’s fastest-growing rental markets.