Unlock a once-in-a-lifetime investment in one of San Diego’s most dynamic growth corridors. This corner-lot property sits in a highly coveted Opportunity Zone, offering substantial tax advantages through Qualified Opportunity Funds. With CN 1-4 zoning and a generous 65-foot height allowance, developers can envision a transformative mixed-use project featuring 35+ residential units complemented by ground-floor retail. The site’s dual street frontage and alley access create superior design flexibility for a complete community concept.
Strategically positioned near major public transit, the property may qualify for Complete Communities and Bonus ADU programs, amplifying density potential. Future upside is even greater with pending SB-79 legislation, which could unlock additional unit capacity. Currently, five detached homes generate approximately $10,000 monthly, delivering strong interim cash flow during planning and entitlement phases. Recent capital improvements—nearly $100,000 in upgrades including new sewer, water, electrical service, and a full remodel—reduce development risk and enhance holding value.
Enjoy sweeping views of Downtown San Diego and Petco Park, with quick access to Coronado, Chicano Park, and the Navy Base. This rare urban infill site combines location, zoning flexibility, and income stability, making it an exceptional buy-and-hold or development play in one of Southern California’s trendiest markets.