827 Jacumba Street, San Diego, CA 92114

Offer Price:

Market

Zoning:

RS-1-7

Permits:

Ready-to-Issue

APN:

583-022-02-00

Request Offering Memorandum

Lot Size:

±20,000 SF

Status:

Active

Submarket:

Encanto

Property Type:

Land

Strategy:

Value-Add

The Bove Investment Team at Colliers is pleased to present 827 Jacumba Street, a fully entitled, shovel-ready 38-unit multifamily development located in San Diego’s emerging Lomita Village / Skyline submarket. All discretionary approvals have been secured, plans are finalized, and the project is ready-to-issue, offering developers a clear and accelerated path to vertical construction with minimal entitlement risk.

The project consists of 36 newly constructed micro-units in a three-story residential building, plus the adaptive reuse of an existing single-family residence into two (2) legal units, delivering a total of 38 income-producing units upon completion. The design emphasizes efficient unit layouts, attainable rents, and streamlined Type V-B construction , targeting the strongest segment of San Diego’s rental demand with a favorable cost basis and rapid lease-up profile.

Situated on an approximately 20,000 SF lot, the site is zoned RS-1-7 and benefits from multiple density-supportive overlays, including Sustainable Development Area (SDA) and Transit Priority Area (TPA). The project achieves its density through ministerial approvals, eliminating discretionary risk and significantly reducing timeline uncertainty.

In addition to a traditional land sale or developer acquisition, ownership is open to structuring the transaction with an equity investment component. The sponsor is willing to explore joint-venture or minority equity participation with qualified investors seeking exposure to ground-up multifamily development in a supply-constrained San Diego submarket.