Approved plans, entitlements in hand, and permits ready to issue for a 2-unit project — zoned RS-1-7 within the SDA, TPA, and College Area Community Plan, this SDSU-area lot is built for an investor or developer looking to move fast.
Approved plans convert the existing 2BD/1BA SFR into a 2-unit project totaling 3,048 SF: a first-floor ADU (5BD/3BA) built out from the existing 953 SF home area, 182 SF garage, and 350 SF covered patio, plus a new second-story addition to the SFD (6BD/2.5BA) — both units purpose-built for the student rental market. Once stabilized, the project is projected to generate $15,050/month in gross rental income.
Phase 2 of the project presents the opportunity to add a 3rd unit by-right in the rear — unlocking additional density and meaningfully increasing stabilized income and long-term asset value.
All square footage, unit counts, entitlements, development plans, and rental projections to be independently verified by buyer.