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Land For Sale • 0.71 AC
The offering consists of five separate parcels improved with two units each (10 total units), currently operated as student housing serving the SDSU submarket. The properties are primarily single-family residences rented by the bedroom, generating strong in-place cash flow and high rental demand. Proximity to SDSU supports consistent occupancy and premium student rents, making the portfolio well-positioned for stable income, continued student housing use, or future redevelopment.
| Recently rezoned to RM-4-10, allowing one dwelling unit per 400 SF and approximately 78 units by right. |
| HAP 2.0 density bonus allows up to ~102 units (30% increase), with a required unit mix of 10% two-bedroom and 10% three-bedroom units. |
| 100% micro-unit density bonus allows up to ~155 units, with an average unit size under 600 SF and no unit exceeding 800 SF. |
| Multiple density pathways provide flexibility to maximize unit yield and tailor development strategy. |
| Zoning incentives support high-density multifamily or student-oriented housing. |
| $50K+ monthly in-place income helps cover development carry costs. |
| Total Expenses: | $192,616 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) | 16 min | - | 9.5 mi |
| Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) | 15 min | - | 9.6 mi |
| Transit/Subway | Drive | Walk | Distance |
| Alvarado Medical Center (El Cajon - 12th & Imperial - MTS, Green Line - MTS) | 3 min | 14 min | 0.8 mi |
| Sdsu Transit Center (Green Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) | 2 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| San Diego International | 18 min | - | 10.4 mi |
Joey Belcastro
Landmark Multifamily And Development
Joey Belcastro
Landmark Multifamily And Development
