4042 1st Avenue, San Diego, CA 92103

Offer Price:

$1,550,000

Zoning:

RM-3-9

Zoning Overlay:

CCHS Tier 2

Permits:

None

APN:

444-492-25-00

Lot Size:

±5,198 SF

Status:

Active

Submarket:

Hillcrest

Property Type:

Land

Strategy:

Value-Add

Situated on approximately 0.12 acres, 4042 First Avenue offers investors the opportunity to reposition an existing single-family residence into a multifamily development in San Diego’s desirable Hillcrest neighborhood. Benefiting from RM-3-9 zoning, a density allowance of 600 square feet per dwelling unit, a 2.7 FAR, and a 60-foot height limit, the ±5,198-square-foot site provides attractive infill development potential while generating approximately $3,000 per month in interim rental income.

 

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Listed By:

Aaron Bove
Executive Vice President | San Diego Region
aaron.bove@colliers.com
CA Lic. 01318320

Direct: +1 858 677 5319 | Mobile: +1 858 945 7094

12780 High Bluff Drive | San Diego, CA 92130

John Lochrie

Associate | San Diego Region

john.lochrie@colliers.com

CA Lic. ‍02347628

Direct: +1 858 410 0588 | Mobile: +1 954 684 7116

12780 High Bluff Drive | San Diego, CA 92130