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$ 950,000
Est. payment | /mo
4 Beds
1,592 SqFt
$ 950,000
Est. payment | /mo
4 Beds
1,592 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,592 sqft
Price per Sqft $596
MLS Listing ID CRNDP2504610
Bedrooms 4
HOA Y/N No
Year Built 1950
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type OTHER
Property Description
Incredible Development Opportunity Near Downtown San Diego Presenting 235–237 S Willie James Jones Ave—a prime development site located in the rapidly evolving neighborhood of Logan Heights, just minutes from Downtown San Diego. Set on a ±14,367 SF lot zoned RM-2-5, this property offers exceptional potential with up to 9 units allowed by right, and significant density bonuses available through the Complete Communities Tier 3 program. The site currently includes a well-maintained duplex with two 2BR/1BA units, generating $3,425/month in gross rental income—providing valuable cash flow during the planning or entitlement phase. Located within a Transit Priority Area (TPA), Sustainable Development Area (SDA), and Qualified Opportunity Zone, the property benefits from development incentives such as reduced parking requirements, expedited permitting, and potential tax advantages. Surrounding the property are major redevelopment efforts, including the planned 80-unit Southwest Village by Related Companies and several new multifamily projects, further enhancing long-term value. Highlights: ±14,367 SF lot (RM-2-5 zoning) Two existing income-producing units Potential for up to ±91,000 SF under Tier 3 Complete Communities (FAR up to 6.5×) Transit- and incentive-rich location (TPA,
Location
State CA
County San Diego
Zoning RM-2
Interior
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Other
Building
New Construction No
Others
Tax ID 5482422600
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2504610
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Listed by Eric von Bluecher • Lee & Associates
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