235-37 Willie James Jones Ave - Apartments FOR SALE


San Diego, CA 92113- Lincoln Park
$799,900 USD
760-448-2451
235-37 Willie James Jones Ave, San Diego, CA for Sale
$799,900 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

235-37 Willie James Jones Ave
San Diego, CA 92113
Lincoln Park


HIGHLIGHTS

  • Zoning RM-2-5: Up to 9 units by right (29 DU/acre)
  • Complete Communities Tier 3: FAR up to 6.5× | Potential ±91,000 SF
  • Transit-Oriented: In TPA & SDA for reduced parking and streamlined approvals
  • Opportunity Zone + Promise Zone: Major tax incentives and funding eligibility
  • Existing Two Unit Income: Can be delivered vacant
  • Infill Corridor: Near major planned developments and ongoing revitalization

OVERVIEW

The Von Bluecher Group of Lee & Associates – San Diego Multifamily Investments is pleased to present 235–237 S Willie James Jones Ave, a well-located two-unit property just minutes from Downtown San Diego. Situated in the high-growth corridor of Logan Heights, this offering presents a rare opportunity to acquire two detached homes on one large lot, ideal for owner-users, multi-generational living, or long-term investment. Set on a ±14,367 SF lot, the property features a duplex-style setup with (2) 2BR/1BA detached units. One unit is currently vacant, and both units can be delivered vacant at close of escrow—offering immediate flexibility for renovation, occupancy, or repositioning. Zoned RM-2-5, the lot also provides future development potential, with up to 9 units allowed by right and significant upside through San Diego’s Complete Communities Tier 3 program—offering FAR up to 6.5× and a theoretical buildout of ±91,000 SF. Located within a Transit Priority Area (TPA), Sustainable Development Area (SDA), and Qualified Opportunity Zone, the site benefits from streamlined approvals and potential tax advantages. Property Overview: • ±14,367 SF lot (RM-2-5 zoning) • Two detached 2BR/1BA units • One unit currently vacant | Both units can be delivered vacant at close of escrow • Great for owner-users, house hackers, or value-add investors • Zoning allows up to 9 units by right (29 DU/acre) • Complete Communities Tier 3: FAR up to 6.5× | Potential ±91,000 SF • Located in a TPA & SDA: reduced parking and expedited permitting Buyer to verify all development potential and incentives with the City of San Diego. Ownership will consider all qualified offers.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$502 USD /SF

# OF UNITS

2

PRICE/UNIT

$399,950

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,367 SF

ZONING

RM-2-5

APN/PARCEL ID

548-242-26-00

ASK ABOUT THIS PROPERTY

Ivan Del Muro-GarciaLee & AssociatesMore Info
760-448-2451

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Ivan Del Muro-GarciaLee & AssociatesMore Info
760-448-2451

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.