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2658 Broadway
San Diego, CA 92102 Golden Hill

$3,500,000 USD

Land For Sale  •  0.32 AC

Property Details

  • Property Type Land
  • Lot Size 0.32 AC
  • Zoning RM-2-5
60 Transit Score
70 Walk Score

Description 

The is a fully entitled, Ready-to-Issue (RTI) multifamily development opportunity located in the highly desirable Golden Hill neighborhood of San Diego.  This site is fully approved for a modern, five-story podium design, 56-unit apartment community (45,249 sf). This project offers developers and investors a rare opportunity to acquire a shovel-ready development site in one of San Diego's highest demand rental markets.  

The approved plans in place provide a developer with a short, defined path to breaking ground. The existing structures include 8-Units on a 14,063 sq. ft. lot with alley access, and existing approvals for demolition of the existing structures. 

APPROVED UNIT MIX:

 	(16) 1Bdrm/1Bath, 500SF
 	(18) Studios, 398SF
 	(12) Studios, 348SF
 	(10) Studio Lofts, 486SF


*Only 6 of the 56 Units are Income Restricted (10.7%), 50 Units are at Market Rate

Highlights

Fully Entitled and Approved for 56 Units w/ Parking
Ready-to-Issue (RTI) Development Opportunity Featuring a Modern Five-Story Podium Design
Prime Central San Diego Location – Golden Hill | Located in the Complete Communities Transit Priority Area
Designated Opportunity Zone (Offering Potential Tax Benefits for Qualified Investor)
Walkable to Balboa Park, Shops, Nightlife and Dining (WalkScore of 85)
Convenient Access to Balboa Park and Nearby Neighborhoods Including Downtown, North Park and South Park

Public Transportation

Commuter RailDriveWalkDistance
San Diego (COASTER - Amtrak, Pacific Surfliner - Amtrak) 5 min - 2.3 mi
San Diego - Santa Fe Depot (COASTER - North County Transit District) 5 min - 2.4 mi
Transit/SubwayDriveWalkDistance
25Th & Commercial (Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 2 min 18 min 1.0 mi
City College (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 2 min 20 min 1.1 mi
AirportDriveWalkDistance
San Diego International 9 min - 4.7 mi
James V. Carter 619-784-1031 Apartment Realty Group, Inc
James V. Carter 619-784-1031 Apartment Realty Group, Inc