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Listed by TJ Kirchoff • LPT Realty
$ 895,000
Est. payment /mo
Price Dropped by $4K
4130 Vista Grande Drive San Diego, CA 92115
2 Beds
1 Bath
806 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 806 sqft
Price per Sqft $1,110
MLS Listing ID 8N-2609705
Bedrooms 2
Full Baths 1
Year Built 1951
Lot Size 7,700 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Rare turnkey development opportunity featuring fully entitled and already issued permitted approvals. This 0.18-acre parcel in the desirable Rolando Park neighborhood contains an already fully renovated single-family residence with all necessary permits and fees paid for construction of seven new residential units (3,783 SF total) using the ADU bonus program. With permits already in hand, this opportunity drastically reduces entitlement risk and soft costs, allowing developers to move directly into vertical construction on day one. Finished plans call for seven units (6 new) comprising four 1-bedroom/1-bathroom apartments, two 2-bedroom/1-bathroom apartments, and one 2-bedroom/1-bathroom single-family home (existing), projecting $18,000 per month in gross income. Located in the prime Rolando Park neighborhood, the property offers a walkable setting with easy access to San Diego State University, quality retail, dining, and the I-94 corridor. This centrally located San Diego submarket continues to experience persistently high housing demand, positioning this project perfectly for immediate production and strong returns.
Location
State CA
County San Diego
Area 92115 - San Diego
Zoning RS-1-7
Interior
Cooling Central Air
Fireplaces Type None
Laundry In Garage
Exterior
Garage Spaces 1.0
Pool None
Community Features Sidewalks
View Y/N Yes
Building
Lot Description Value In Land
Sewer Public Sewer
Others
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