330 Willie James Jones Ave Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92102
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 250024255SD
Year Built 1940
Lot Size 10,471 Sqft
Property Description
Located in the heart of Lincoln Park, this versatile duplex offers significant development potential just minutes from downtown San Diego and major highways. The property features a 5-bedroom, 3-bathroom unit and a separate 1-bedroom, 1.5-bathroom apartment, providing immediate rental income and tenant flexibility. Zoned for up to 65 buildable units and included in the Complete Communities Tier 3 program, this lot presents a rare opportunity for investors to capitalize on San Diego's growing housing demand. This ±10,471 SF development site in Lincoln Park offers a prime investment opportunity with a current income of $3,850 per month from an existing duplex while being ideally positioned for substantial future growth. Zoned RM-3-7 and included in the Complete Communities Tier 3 program with a 6.5x FAR, the property allows for up to 65 buildable units totaling 68,061 SF. Lot dimensions are 71' x 150' with efficient setbacks of 10' (front) and 5' (rear), and a height limit of 40 ft or up to 7 stories. Located within an Opportunity Zone, it offers tax benefits and is designated in a “Sustainable Development Area,” making it attractive for high-density, eco-friendly projects. With easy access to I-805 and SR-94 and a current CAP rate of 2.79%, this site stands out as a compelling investment in a rapidly evolving neighborhood. The property is constructed with a wood frame and stucco, offering seven parking spaces. It is zoned RM-3-7, allowing for residential multi-unit development and inclusion in the Complete Communities Tier 3 program, which supports potential future redevelopment. The site is part of a sustainable development area and is located in an Opportunity Zone, providing potential tax benefits. Additionally, the property has been upgraded over the years to enhance its appeal and functionality.
Location
State CA
County San Diego
Area 92102 - San Diego
Building/Complex Name WJJ
Zoning RM-4 CCHS3
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Pool None
View Y/N Yes
Roof Type Concrete
Building
Lot Description Drip Irrigation/Bubblers,Sprinkler System
Story Multi/Split
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional