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 development opportunity just minutes from Downtown San Diego. Situated within a high-growth corridor of Logan Heights, the site sits near Related Companies’ planned 80-unit Southwest Village and is surrounded by new and upcoming multifamily projects, making it an attractive option for forward-thinking developers.
The property spans ±14,367 Sf, zoned RM-2-5, and is currently improved with income-producing two units generating $3,425/month in gross rental income. This provides a rare opportunity to offset holding costs during the entitlement and planning process.
The site allows up to 9 units by right, with substantial 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 property benefits from development incentives including reduced parking, expedited permitting, and potential tax advantages.
Property Overview:
• ±14,367 SF lot
• Existing duplex with (2) 2BR/1BA units
• Gross monthly income: $3,425
• 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
Buyer to verify all development potential and incentives with the City of San Diego. Ownership will consider all qualified offers.