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CA > San Diego > Linda Vista
San Diego, CA 92111,2224 W Jewett Street #431-343-10-00
San Diego, CA 92111,2224 W Jewett Street #431-343-10-00
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HomeSmart Realty West

HomeSmart Realty West

+1(760) 607-5900
$1,900,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Linda Vista

MLS Listing ID 250024536

HOA Y/N No

Property Sub-Type Lots/Land

Property Description

Located in the heart of San Diego's Linda Vista neighborhood, 2224-26 W Jewett Street presents a prime redevelopment opportunity with solid income potential and significant future upside. Priced at $1,900,000, this ±10,688 SF lot (APN: 431-343-10-00) is zoned RM-3-7, allowing for multifamily residential development in one of the city's most desirable high-opportunity areas. With a price of $177.77 per lot square foot, this site offers an exceptional value for investors or developers looking to capitalize on San Diego's increasing housing demand. The property currently includes two 1-bedroom, 1-bath units, totaling approximately 1,248 square feet of rentable space. These units are generating a combined monthly income of $3,500, offering income while entitlements or redevelopment plans are pursued. Situated within the Complete Communities Housing Solutions Tier 4, the parcel benefits from a generous FAR of 4.0x, dramatically increasing the buildable area to over 42,700 SF. It also falls within the Sustainable Development Area (SDA) and Transit Priority Area (TPA) overlays, further enhancing development flexibility and potential density bonuses. The base zoning allows for 1 dwelling unit per 1,000 SF, with up to 10+ units possible by-right, and more with incentives or bonuses. It has favorable zoning, strong rental fundamentals, and a location in a High Resource CTCAC/HCD Area.

Location

State CA

County San Diego

Community Linda Vista

Area Linda Vista (92111)

Building

Lot Size Range 7500-10889 SF

Others

Acceptable Financing Other/Remarks

Listing Terms Other/Remarks

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San Diego Regional MLS (SDMLS)
Listed by Aaron Bove • Marcus & Millichap

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agent

HomeSmart Realty West

+1(760) 607-5900

Broker | License ID: DRE#1905908

Broker License ID: DRE#1905908

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